Title :
The Fuzzy Probabilistic Weighted Averaging Operator and its Application in Decision Making
Author_Institution :
Dept. of Bus. Adm., Univ. of Barcelona, Barcelona, Spain
fDate :
Nov. 30 2009-Dec. 2 2009
Abstract :
We present a new aggregation operator that uses the probability and the weighted average in the same formulation. Moreover, we consider a situation where the information is uncertain and can be represented with fuzzy numbers. We call this new aggregation operator the fuzzy probabilistic weighted average (FPWA) operator. We study some of its main properties. We also study its applicability and we focus on a business decision making problem about the selection of monetary policies.
Keywords :
commerce; decision making; fuzzy set theory; probability; aggregation operator; business decision making problem; fuzzy numbers; fuzzy probabilistic weighted average operator; monetary policies; uncertain information; Decision making; Environmental economics; Fuzzy systems; Government; Information analysis; Intelligent systems; Statistics; Uncertainty; Aggregation function; fuzzy numbers; probabilities; weighted average;
Conference_Titel :
Intelligent Systems Design and Applications, 2009. ISDA '09. Ninth International Conference on
Conference_Location :
Pisa
Print_ISBN :
978-1-4244-4735-0
Electronic_ISBN :
978-0-7695-3872-3
DOI :
10.1109/ISDA.2009.253
