The OWA distance operator and its application in business failure

Scherger, Valeria; Terceño, Antonio; Vigier, Hernán Pedro

doi:10.1108/k-05-2016-0107

Cited by 11 publications

(5 citation statements)

References 51 publications

(64 reference statements)

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“…Regarding the authors, we observed little connection between them. For instance, Scherger et al (2017) published two of the articles, and Terceño et al (2018) is the main author of one of the papers and is present as a co-author in two others. The other authors did not demonstrate connections between their studies.…”

Section: Analysis and Interpretation Of The Resultsmentioning

confidence: 99%

“…In this integrative review, which covered the last ten years, we found that the issue of vulnerability or business failure was little addressed in the literature during the ten years, considering the small number of articles published on the subject. Some authors, such as Scherger et al (2017) and Terceño et al (2018), helped us perceive an evolution of research in this period, from modeling to application in case studies.…”

Section: Business Vulnerability Diagnosis: An Integrative Reviewmentioning

confidence: 99%

See 1 more Smart Citation

Business vulnerability diagnosis: an integrative review

Júnior

Piana²,

Ramos

et al. 2023

e-TECH

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In Brazil, SEBRAE reported that a record number of new businesses were created in 2021, with over 3.9 million new companies. However, data from Revista Exame shows that a third of Brazilian companies close before two years of operation. Entrepreneurial Diagnosis done by business consultants contributes to overcoming this problem, as it helps consolidate and recover enterprises in vulnerability. Therefore, this article conducted a systematic review of the integrative type to investigate the possibility of anticipating a diagnosis of business vulnerability. The review followed the methodological criteria determined by Whitemore and Knafl (2005) and improved by Botelho, Cunha, and Macedo (2011). The keywords “Diagnosis,” “Vulnerability,” “Business,” “Anticipation,” and “Forecast” were used on the Scopus and Web of Science databases and papers from the last 10 years were considered. A total of 44,650 manuscripts documents underwent several filters until reaching 16 articles, which were read in full to compose the review. In data extraction, the articles were categorized according to the type of diagnosis performed, technologies, samples, and size. As a result, we present a synthesis of knowledge about anticipating the diagnosis of corporate vulnerability, a discussion of the impact of predicting failures for companies, government, and society, and the constructs that could be built with the review. We believe this study will contribute to maturing the theme academically and for the market, optimizing the business diagnostic consultancy processes and offering rewards to the productive sector.

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Section: Analysis and Interpretation Of The Resultsmentioning

confidence: 99%

Section: Business Vulnerability Diagnosis: An Integrative Reviewmentioning

confidence: 99%

Business vulnerability diagnosis: an integrative review

Júnior

Piana²,

Ramos

et al. 2023

e-TECH

View full text Add to dashboard Cite

show abstract

“…An example of the power of the ordered weighted averaging operators is Kacprzyk and Zaderozny [22] in which, through the choice of the type of the ordered weighted operator and its weights, various voting procedures can be represented, providing a convenient and powerful representation. Also, it has been used to solve different problems [23,24] such as the clustering method for classi ication problems [25] portfolio selection [26], competitiveness [27], econometric forecasting [28], pro it of investment [29], business failure [30], inancial decisions [31], and so on.…”

Section: Introductionmentioning

confidence: 99%

Heavy Moving Average Distances in Sales Forecasting

Olazabal-Lugo,

Espinoza-Audelo,

León-Castro

et al. 2024

JAMRIS

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This paper presents a new aggregation operator technique that uses the ordered weighted average (OWA), heavy aggregation operators, Hamming distance, and moving averages. This approach is called heavy ordered weighted moving average distance (HOWMAD). The main advantage of this operator is that it can use the characteristics of the HOWMA operator to under-or overestimate the results according to the expectations and the knowledge of the future scenarios, analyze the historical data of the moving average, and compare the different alternatives with the ideal results of the distance measures. Some of the main families and specific cases using generalized and quasi-arithmetic means are presented, such as the generalized heavy moving average distance and a generalized HOWMAD. This study develops an application of this operator in forecasting the sales growth rate for a commercial company. We find that it is possible to determine whether the company's objectives can be achieved or must be reevaluated in response to the actual situation and future expectations of the enterprise.

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“…Business failure occurs when a company is unable to pay its creditors, shareholders and suppliers [1][2][3][4][5]. It is often the consequence of a national economic crisis reflected in some macroeconomic variables, such as high unemployment, declining gross domestic product, declining foreign direct investment and inadequate income distribution [6][7][8][9][10][11].…”

Section: Introductionmentioning

confidence: 99%

Explanatory Factors of Business Failure: Literature Review and Global Trends

2021

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This study aims to provide a bibliometric analysis of business failure research, recognise the main existing research topics and establish future research challenges. The results, based on a sample of 588 articles, show that the number of published papers and citations has grown steadily, especially in the last 14 years. The most productive and relevant journals, countries, institutions and authors are presented using bibliometric performance indicators. In addition, through the graphical mapping of strategic diagrams, this study identifies the most significant research trends and proposes several directions for future research. The results of this research may be helpful for beginner researchers and experts in business failure, as they contribute to bringing clarity to this line of investigation. These results reveal all the aspects involved in business failure research, analysing its temporal and methodological characterisation, and the most prolific authors who have participated in its study (see, i.e., H. Li), leading journals (see, i.e., Expert Systems with Applications) or academic institutions that have headed the scientific analysis of this business phenomenon. Likewise, it has been possible to identify three main areas in which the research on business failure has been focused: business, management and accounting; economics, econometrics and finance; and social sciences. In addition, a complete, synthesised and organised summary of the various definitions, perspectives and research trends are presented.

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The OWA distance operator and its application in business failure

Cited by 11 publications

References 51 publications

Business vulnerability diagnosis: an integrative review

Business vulnerability diagnosis: an integrative review

Heavy Moving Average Distances in Sales Forecasting

Explanatory Factors of Business Failure: Literature Review and Global Trends

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