Evaluation of subjective policy reflection using the Choquet integral and its applications

This paper proposes a methodology for assessing the subjective policy reflection in national trade policies through the use of Choquet integral. Specifically, we introduce three fuzzy measures that reflect different policies based on the trade items included in data on the annual trade amounts of se...

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Bibliographic Details
Published in:Fuzzy sets and systems 2024-07, Vol.488, p.109012, Article 109012
Main Authors: Wood, Jacob, Kim, Dojin, Jang, Lee-Chae
Format: Article
Language:English
Subjects:
Choquet integral
Decision under policy
Fuzzy measure
Subjective policy reflection
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Summary:This paper proposes a methodology for assessing the subjective policy reflection in national trade policies through the use of Choquet integral. Specifically, we introduce three fuzzy measures that reflect different policies based on the trade items included in data on the annual trade amounts of selected national animal products from 2010 to 2020. The Choquet expected utility serves as a tool for evaluating subjective policy reflection, allowing for the comparison of national economic policies across selected countries. To demonstrate the practical application of the proposed methodology, we provide specific numerical values that represent the evaluation of subjective policy reflection. Furthermore, we present a decision-making strategy that pertains to the allocation of subsidies on imports and exports of trade transaction amounts, assuming that government subsidies are budgeted using the Choquet expected utility. The proposed methodology offers a valuable framework for policymakers and stakeholders, facilitating in-depth analysis and improvement of the effectiveness of national trade policies.
ISSN:0165-0114
1872-6801
DOI:10.1016/j.fss.2024.109012