Properties of Some Generalized Means for Positive Sequences

14 Pages Posted: 6 Dec 2019

See all articles by Marco Corazza

Marco Corazza

Ca Foscari University of Venice - Dipartimento di Economia

Giovanni Fasano

Ca Foscari University of Venice - Department of Management

Daniela Favaretto

Ca Foscari University of Venice - Department of Management

Silvio Giove

Ca Foscari University of Venice - Dipartimento di Economia

Date Written: December 4, 2019

Abstract

This paper proposes a simple procedure, in order to aggregate a nite number of real nonnegative values into a unique indicator. Possible applications of this tool can be found in social sciences, including demography, sociology, etc. In particular, the indicator may represent a generalized mean, to be used as an aggregate measure combining several inhomogeneous parameters. Observe that some alternatives to this approach, including complex multicriteria or multiobjective methods, are often discarded by stakeholders (say politicians, public administrators, managers, etc.), since the latters are typically keen on taking decisions based on a reduced number of parameters (possibly only one). Hence, administrators often show some reluctance to adopt those methods which provide multiple alternatives, e.g. a Pareto front, since this fact implies an additional process of selection.

Keywords: Aggregation of indicators, Ranking among measures, Mean weighted values, Concave problems

JEL Classification: C44, C65

Suggested Citation

Corazza, Marco and Fasano, Giovanni and Favaretto, Daniela and Giove, Silvio, Properties of Some Generalized Means for Positive Sequences (December 4, 2019). Department of Management, Università Ca' Foscari Venezia Working Paper No. 5/2019, Available at SSRN: https://ssrn.com/abstract=3498515 or http://dx.doi.org/10.2139/ssrn.3498515

Marco Corazza

Ca Foscari University of Venice - Dipartimento di Economia ( email )

Cannaregio 873
Venice, 30121
Italy

Giovanni Fasano (Contact Author)

Ca Foscari University of Venice - Department of Management ( email )

San Giobbe, Cannaregio 873
Venice, 30121
Italy

Daniela Favaretto

Ca Foscari University of Venice - Department of Management ( email )

San Giobbe, Cannaregio 873
Venice, 30121
Italy

Silvio Giove

Ca Foscari University of Venice - Dipartimento di Economia ( email )

Cannaregio 873
Venice, 30121
Italy

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