Back to Search
Start Over
The OWA distance operator and its application in business failure
- Source :
- Kybernetes
- Publication Year :
- 2017
- Publisher :
- Emerald, 2017.
-
Abstract
- Purpose The purpose of this paper is to develop a goodness index based on Hamming distance and ordered weighted averaging distance (OWAD), which is useful to make decisions. These alternative measures enrich the results of diagnostic fuzzy models and facilitate the experts’ task in decision-making. An application to a set of firms to verify the results is also presented. Design/methodology/approach The paper follows the basis of OWA operators to design a methodology to reduce the map of causes of business failure into monitoring key areas. Findings The present paper introduces two alternative measures to test the proposal of grouping. In the empirical application, the superiority of the minimum T-norm over other decision rules is verified. The ordered weighted averaging distance (OWAD) goodness index predicts a better adjustment over the index built using OWA and Hamming distance measures. Practical implications A useful mechanism to reduce the map of causes or diseases detected in key areas is added through this analysis. At the same time, these key areas can be disaggregated once some alert indicator is identified; this allows knowing the causes that require special attention. This application of OWA can encourage the development of suitable computer systems for monitoring the firm’s problems, alerting regarding failures and easing decision-making. Originality/value A comparison of grouping causes into key areas through a goodness index based on Hamming distance and OWAD is proposed. These contributions enrich the Vigier and Terceño (2008) model and could be applied to any model of fuzzy diagnosis to test the results.
- Subjects :
- 0209 industrial biotechnology
Conjunts borrosos
02 engineering and technology
computer.software_genre
Fuzzy logic
Distance measures
Theoretical Computer Science
Set (abstract data type)
020901 industrial engineering & automation
Operator (computer programming)
Business failure
0202 electrical engineering, electronic engineering, information engineering
Computer Science (miscellaneous)
0368-492X
Operadores OWA
Engineering (miscellaneous)
Mathematics
Fuzzy relations
Hamming distance
Decision rule
Economía y empresa
Economics and business
Control and Systems Engineering
Operadors OWA
Key (cryptography)
Conjuntos borrosos
020201 artificial intelligence & image processing
Data mining
computer
Social Sciences (miscellaneous)
Subjects
Details
- ISSN :
- 0368492X
- Volume :
- 46
- Database :
- OpenAIRE
- Journal :
- Kybernetes
- Accession number :
- edsair.doi.dedup.....750defc456b847724f6fe62cc1cb25b6
- Full Text :
- https://doi.org/10.1108/K-05-2016-0107