Bonferroni induced heavy operators in ERM decision-making: A case on large companies in Colombia

Publication Type:
Journal Article
Applied Soft Computing Journal, 2018, 72 pp. 371 - 391
Issue Date:
Filename Description Size
1-s2.0-S1568494618304496-main.pdfPublished Version1.73 MB
Adobe PDF
Full metadata record
© 2018 Elsevier B.V. Averaging aggregation operators analyse a set of data providing a summary of the results. This study focuses on the Bonferroni mean and the induced and heavy aggregation operators. The aim of the work is to present new aggregation operators that combine these concepts forming the Bonferroni induced heavy ordered weighted average and several particular formulations. This approach represents Bonferroni means with order inducing variables and with weighting vectors that can be higher than one. The paper also develops some extensions by using distance measures forming the Bonferroni induced heavy ordered weighted average distance and several particular cases. The study ends with an application in a large companies risk management problem in Colombia. The main advantage of this approach is that it provides a more general framework for analysing the data in scenarios where the numerical values may have some complexities that should be assessed with complex attitudinal characters.
Please use this identifier to cite or link to this item: