A simple approach for multi-criteria decision-making on basis of probability theory
In the present paper, a new concept of favorable probability is proposed first, and a simplified approach for multi-criteria decision-making is developed on basis of probability theory. It assumes that all the performance indexes of all alternatives can be divided into beneficial and unbeneficial t...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Vilnius Gediminas Technical University
2022-12-01
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| Series: | Engineering Structures and Technologies |
| Subjects: | |
| Online Access: | https://journals.vilniustech.lt/index.php/EST/article/view/18404 |
| _version_ | 1828067868372107264 |
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| author | Maosheng Zheng Haipeng Teng Yi Wang |
| author_facet | Maosheng Zheng Haipeng Teng Yi Wang |
| author_sort | Maosheng Zheng |
| collection | DOAJ |
| description |
In the present paper, a new concept of favorable probability is proposed first, and a simplified approach for multi-criteria decision-making is developed on basis of probability theory. It assumes that all the performance indexes of all alternatives can be divided into beneficial and unbeneficial types in the multi-criteria decision-making, and each performance index of all alternative makes its contribution to a partial favorable probability in positively or negatively correlative manners linearly upon its type of beneficial or unbeneficial; the partial favorable probability of each performance index with the same physical meaning is normalized in the alternative group; the product of all partial favorable probability of an alternative makes the total favorable probability of the alternative. As a consequence, all the alternatives can be ranked according to their total favorable probability comparatively in the multi-criteria decision-making. As application examples of the new method, the quantitative assessment of multi-criteria selection for effective dwelling house walls, project managers and contractor for construction works are given in detail, satisfied results are obtained.
First published online 10 January 2023
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| first_indexed | 2024-04-10T23:52:00Z |
| format | Article |
| id | doaj.art-0dbbff7eb1cd491e89bf58eb9ce08fda |
| institution | Directory Open Access Journal |
| issn | 2029-882X 2029-8838 |
| language | English |
| last_indexed | 2024-04-10T23:52:00Z |
| publishDate | 2022-12-01 |
| publisher | Vilnius Gediminas Technical University |
| record_format | Article |
| series | Engineering Structures and Technologies |
| spelling | doaj.art-0dbbff7eb1cd491e89bf58eb9ce08fda2023-01-10T16:11:43ZengVilnius Gediminas Technical UniversityEngineering Structures and Technologies2029-882X2029-88382022-12-0113110.3846/est.2021.18404A simple approach for multi-criteria decision-making on basis of probability theoryMaosheng Zheng0Haipeng Teng1Yi Wang2School of Chemical Engineering, Northwest University, Xi’an, 710069, ChinaSchool of Chemical Engineering, Northwest University, Xi’an, 710069, ChinaSchool of Chemical Engineering, Northwest University, Xi’an, 710069, China In the present paper, a new concept of favorable probability is proposed first, and a simplified approach for multi-criteria decision-making is developed on basis of probability theory. It assumes that all the performance indexes of all alternatives can be divided into beneficial and unbeneficial types in the multi-criteria decision-making, and each performance index of all alternative makes its contribution to a partial favorable probability in positively or negatively correlative manners linearly upon its type of beneficial or unbeneficial; the partial favorable probability of each performance index with the same physical meaning is normalized in the alternative group; the product of all partial favorable probability of an alternative makes the total favorable probability of the alternative. As a consequence, all the alternatives can be ranked according to their total favorable probability comparatively in the multi-criteria decision-making. As application examples of the new method, the quantitative assessment of multi-criteria selection for effective dwelling house walls, project managers and contractor for construction works are given in detail, satisfied results are obtained. First published online 10 January 2023 https://journals.vilniustech.lt/index.php/EST/article/view/18404quantitative assessmentfavorable probabilityprobability based approachmulti-criteria decision-makingoverall consideration |
| spellingShingle | Maosheng Zheng Haipeng Teng Yi Wang A simple approach for multi-criteria decision-making on basis of probability theory Engineering Structures and Technologies quantitative assessment favorable probability probability based approach multi-criteria decision-making overall consideration |
| title | A simple approach for multi-criteria decision-making on basis of probability theory |
| title_full | A simple approach for multi-criteria decision-making on basis of probability theory |
| title_fullStr | A simple approach for multi-criteria decision-making on basis of probability theory |
| title_full_unstemmed | A simple approach for multi-criteria decision-making on basis of probability theory |
| title_short | A simple approach for multi-criteria decision-making on basis of probability theory |
| title_sort | simple approach for multi criteria decision making on basis of probability theory |
| topic | quantitative assessment favorable probability probability based approach multi-criteria decision-making overall consideration |
| url | https://journals.vilniustech.lt/index.php/EST/article/view/18404 |
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