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EQUILIBRIUM METRICS: A COMPOSITE DESIRABILITY INDEX FOR NEGATIVE AND ZERO DESIRABILITY SITUATIONS

Sengupta Prasun , SQC & Or Division, Indian Statistical Institute, B.T. Road, Kolkata, India

Abstract

In various decision-making contexts, there arise situations where negative or zero desirability outcomes must be comprehensively assessed and balanced. This paper introduces an innovative approach, the Equilibrium Metrics, which presents a robust Composite Desirability Index designed to handle such scenarios. We propose a framework that accommodates the complexities of negative and zero desirability and leverages multi-dimensional data to provide a unified evaluation tool. By employing Equilibrium Metrics, decision-makers can make informed choices, optimize resource allocation, and mitigate risks in unconventional contexts where conventional metrics fall short.

Keywords

Composite Desirability Index, Equilibrium Metrics, Negative Desirability

References

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Sengupta Prasun. (2013). EQUILIBRIUM METRICS: A COMPOSITE DESIRABILITY INDEX FOR NEGATIVE AND ZERO DESIRABILITY SITUATIONS. IFSMRC African International Journal of Research in Management, 1(01), 01–06. Retrieved from https://www.ifsmrc.org/index.php/IFSMRC-AIJRM/article/view/28