Articles producció científica> Gestió d'Empreses

The OWA distance operator and its application in business failure

  • Datos identificativos

    Identificador: PC:2582
    Handle: http://hdl.handle.net/20.500.11797/PC2582
  • Autores:

    Scherger, Valeria
    Terceño, Antonio
    Vigier, Hernán
  • Otros:

    Autor según el artículo: Scherger, Valeria; Terceño, Antonio; Vigier, Hernán
    Departamento: Gestió d'Empreses
    Autor/es de la URV: Terceño Gómez, A. Scherger, V. Vigier, H.
    Palabras clave: Operadors OWA Conjunts borrosos Fuzzy relations Business failure Distance measures Operadores OWA Conjuntos borrosos
    Resumen: 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.
    Grupo de investigación: Mercats i Anàlisi Financera (MAF)
    Áreas temáticas: Economics and business Economía y empresa
    Acceso a la licencia de uso: https://creativecommons.org/licenses/by/3.0/es/
    ISSN: 0368-492X
    Identificador del autor: 0000-0001-5348-8837; N/A; N/A
    Fecha de alta del registro: 2017-02-23
    Página final: 130
    Volumen de revista: 46
    Versión del articulo depositado: info:eu-repo/semantics/acceptedVersion
    Enlace a la fuente original: http://www.emeraldinsight.com/doi/full/10.1108/K-05-2016-0107
    DOI del artículo: 10.1108/K-05-2016-0107
    Entidad: Universitat Rovira i Virgili
    Año de publicación de la revista: 2017
    Página inicial: 114
    Tipo de publicación: Article
  • Palabras clave:

    Operadors OWA
    Conjunts borrosos
    Fuzzy relations
    Business failure
    Distance measures
    Operadores OWA
    Conjuntos borrosos
    Economics and business
    Economía y empresa
    0368-492X
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