Decision making via generalized Bajraktarevi\'c means

Publication date 9 July 2020

Management decision making, including multiple objectives (90B50) Inequalities for sums, series and integrals (26D15) Means (26E60) Functional inequalities, including subadditivity, convexity, etc. (39B62)

Abstract: We define decision-making functions which arise from studying the multidimensional generalization of the weighted Bajraktarevi'c means. It allows a nonlinear approach to optimization problems. These functions admit several interesting (from the point of view of decision-making) properties, for example, delegativity (which states that each subgroup of decision-makers can aggregate their decisions and efforts), casuativity (each decision affects the final outcome except two trivial cases) and convexity-type properties. Beyond establishing the most important properties of such means, we solve their equality problem, we introduce a notion of synergy and characterize the null-synergy decision-making functions of this type.

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