DocumentCode
2843524
Title
The Fuzzy Probabilistic Weighted Averaging Operator and its Application in Decision Making
Author
Merigo, Jose M.
Author_Institution
Dept. of Bus. Adm., Univ. of Barcelona, Barcelona, Spain
fYear
2009
fDate
Nov. 30 2009-Dec. 2 2009
Firstpage
485
Lastpage
490
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;
fLanguage
English
Publisher
ieee
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
Type
conf
DOI
10.1109/ISDA.2009.253
Filename
5364935
Link To Document