Decision making via generalized Bajraktarevi\'c means
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Publication:6344770
arXiv2007.04870MaRDI QIDQ6344770FDOQ6344770
Authors: Zsolt Páles, Paweł Pasteczka 
Publication date: 9 July 2020
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.
Management decision making, including multiple objectives (90B50) Inequalities for sums, series and integrals (26D15) Means (26E60) Functional inequalities, including subadditivity, convexity, etc. (39B62)
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