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A Method of Hybrid Multiple Attributes Group Decision Making with Risk Considering Decision-Makers' Confidence

Authors :
Xingzi Wen
Youjin Liu
Junlin Ouyang
Source :
Mathematical and Computational Applications, Volume 20, Issue 1, Pages 62-75
Publication Year :
2015
Publisher :
MDPI AG, 2015.

Abstract

With respect to different confidence on evaluation result from different decision-makers to the hybrid multi-attribute with risk, an approach to group decision- making based on prospect theory and projection theory is proposed. Firstly, a tuple is established to record the evaluation result and the hybrid decision information. Then the element of the tuple is changed into a single triangular fuzzy number by the transformation rule. Considering the confidence degree from single decision-maker to evaluation information, the group decision information is aggregated and the weights of attributes are calculated based on the intuitionistic fuzzy set theory. The improved projection method and prospect theory are proposed to rank the alternatives respectively. Finally, an application case is given to demonstrate the effectiveness and feasibility of the proposed approach.

Details

ISSN :
22978747
Volume :
20
Database :
OpenAIRE
Journal :
Mathematical and Computational Applications
Accession number :
edsair.doi.dedup.....67201b24b0dcb6d3acce3dfa1aeb5c97