A Hesitant Fuzzy Multi-Attribute Group Decision Making Method Based on Prospect Theory

To solve a multi-attribute group decision-making problem, since its attribute weight is completely unknown, based on the prospect theory, a hesitant fuzzy multi-attribute group decision making method is proposed. According to the single-attribute-preference function provided by a decision maker, an...

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Format: Article
Language:zho
Published: EDP Sciences 2018-08-01
Series:Xibei Gongye Daxue Xuebao
Subjects:
Online Access:https://www.jnwpu.org/articles/jnwpu/pdf/2018/04/jnwpu2018364p735.pdf
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collection DOAJ
description To solve a multi-attribute group decision-making problem, since its attribute weight is completely unknown, based on the prospect theory, a hesitant fuzzy multi-attribute group decision making method is proposed. According to the single-attribute-preference function provided by a decision maker, an improved entropy weight method is proposed to calculate the attribute weight. The hesitant fuzzy decision-making matrix is transformed into the prospect decision-making matrix which utilizes positive and negative ideal solutions as reference points. Then alternative schemes are ranked according to the ratio of profit to loss. Finally, a numerical example is provided to verify the effectiveness and feasibility of the proposed method.
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spelling doaj.art-24d347ebe40643bab57dd5dc34d676122023-12-02T18:26:43ZzhoEDP SciencesXibei Gongye Daxue Xuebao1000-27582609-71252018-08-0136473574110.1051/jnwpu/20183640735jnwpu2018364p735A Hesitant Fuzzy Multi-Attribute Group Decision Making Method Based on Prospect Theory012School of Automation, Northwestern Polytechnical UniversitySchool of Automation, Northwestern Polytechnical UniversitySchool of Automation, Northwestern Polytechnical UniversityTo solve a multi-attribute group decision-making problem, since its attribute weight is completely unknown, based on the prospect theory, a hesitant fuzzy multi-attribute group decision making method is proposed. According to the single-attribute-preference function provided by a decision maker, an improved entropy weight method is proposed to calculate the attribute weight. The hesitant fuzzy decision-making matrix is transformed into the prospect decision-making matrix which utilizes positive and negative ideal solutions as reference points. Then alternative schemes are ranked according to the ratio of profit to loss. Finally, a numerical example is provided to verify the effectiveness and feasibility of the proposed method.https://www.jnwpu.org/articles/jnwpu/pdf/2018/04/jnwpu2018364p735.pdfmulti-attribute group decision makingprospect theoryhesitant fuzzy setexpert weightfuzzy setdecision making
spellingShingle A Hesitant Fuzzy Multi-Attribute Group Decision Making Method Based on Prospect Theory
Xibei Gongye Daxue Xuebao
multi-attribute group decision making
prospect theory
hesitant fuzzy set
expert weight
fuzzy set
decision making
title A Hesitant Fuzzy Multi-Attribute Group Decision Making Method Based on Prospect Theory
title_full A Hesitant Fuzzy Multi-Attribute Group Decision Making Method Based on Prospect Theory
title_fullStr A Hesitant Fuzzy Multi-Attribute Group Decision Making Method Based on Prospect Theory
title_full_unstemmed A Hesitant Fuzzy Multi-Attribute Group Decision Making Method Based on Prospect Theory
title_short A Hesitant Fuzzy Multi-Attribute Group Decision Making Method Based on Prospect Theory
title_sort hesitant fuzzy multi attribute group decision making method based on prospect theory
topic multi-attribute group decision making
prospect theory
hesitant fuzzy set
expert weight
fuzzy set
decision making
url https://www.jnwpu.org/articles/jnwpu/pdf/2018/04/jnwpu2018364p735.pdf