The present study is an attempt toward evaluating the performance of portfolios and asset selectionusing cross-efficiency evaluation. Cross-efficiency evaluation is an effective way of ranking decisionmaking units (DMUs) in data envelopment analysis (DEA). Conventional DEA models assume nonnegativevalues for inputs and outputs. However, we know that unlike return and skewness, varianceis the on...

Consensus based approaches provide a way to drive group decisions which are more accepted and appreciated by decision makers. Different consensus approaches and methodologies have been proposed to conduct these processes successfully, but there still remain some aspects that must be further studied, such as the use and effects of different aggregation operators to measure consensus in the group...

In this work, we first make a survey of the existing main aggregation operators and then propose some new aggregation operators such as the induced ordered weighted geometric averaging (IOWGA) operator, generalized induced ordered weighted averaging (GIOWA) operator, hybrid weighted averaging (HWA) operator, etc., and study their desirable properties. Finally, we briefly classify all of these a...

University chemical laboratory is a high-risk place for teaching and scientific research due to the presence of various physical hazards. In recent years, university accidents occur frequently. This urges need enhance lab safety. A semi-quantitative methodology comprising Matter-Element Extension Theory (MEET) implemented with Combination Ordered Weighted Averaging (C-OWA) operator proposed ass...

The problem of averaging outcomes under several scenarios to form overall objective functions is of considerable importance in decision support under uncertainty. The so-called Weighted OWA (WOWA) aggregation offers a well-suited approach to this problem. The WOWA aggregation, similar to the classical ordered weighted averaging (OWA), uses the preferential weights assigned to the ordered values...

In order to comprehensively evaluate the employee satisfaction of mine occupational health and safety management system, an analytic method based on fuzzy analytic hierarchy process and 2-tuple linguistic model was established. Based on the establishment of 5 first-grade indicators and 20 second-grade ones, method of improved AHP and the time-ordered Weighted Averaging Operator (T-OWA) model is...

In practice, it is often necessary to combine information from different sources. For this task, one of aggregation operators can be used. Probably the best-known of them are the weighted average and the OWA (ordered weighted average) operator. The weighted average makes it possible to assign importances to the individual information sources. On the other hand, with the OWA operator, the import...

In this paper we develop a new family of Ordered Weighted Averaging (OWA) operators. Weight vector is obtained from a desired orness of the operator. Using Faulhaber’s formulas we obtain direct and simple expressions for the weight vector without any iteration loop. With the exception of one weight, the remaining follow a straight line relation. As a result, a fast and robust algorithm is devel...

Different linguistic aggregation methods have been proposed and applied in the linguistic decision making problems. Generally, weights for experts or criteria are considered in linguistic aggregation processes. In this paper, we provide a method to discovery new forms to compute weights and new interpretations in the linguistic ordered weighted averaging operator. In linguistic decision analysi...