Multiattribute group decision-making method with double reference points and its applications in technological innovation environmental assessment
A decision-making method with double reference points was built to address the multiattribute group decision-making (MAGDM) problem to better reflect the influences of bottom-line and target on group decision-making behaviors. First, the relationship between double reference points and attitude char...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2022-10-01
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| Series: | Alexandria Engineering Journal |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S1110016822000217 |
| _version_ | 1798031286744383488 |
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| author | Xiaolin Cai Haoran Huang Zhi Xu Kai Fang Ken Cai |
| author_facet | Xiaolin Cai Haoran Huang Zhi Xu Kai Fang Ken Cai |
| author_sort | Xiaolin Cai |
| collection | DOAJ |
| description | A decision-making method with double reference points was built to address the multiattribute group decision-making (MAGDM) problem to better reflect the influences of bottom-line and target on group decision-making behaviors. First, the relationship between double reference points and attitude characteristics of decision-makers was analyzed, and the rules of use of linguistic variables were disclosed. Second, the loss and utility functions were given according to relations between the reference points and gain/loss values. Third, the weights of attributes were determined with references to the variation coefficient method. Later, alternatives were classified according to risk probability, and ranking and selection of alternatives were carried out through utility information aggregation. Finally, the new method was applied to solve the technological innovation environmental assessment problem. Research results demonstrate that the new method can classify alternatives according to feasibility. The rank of feasible alternatives of the new method is consistent with that of the traditional method. Research conclusions further enrich the research scope of multiattribute decision-making problems and provide some references to study MAGDM problems. |
| first_indexed | 2024-04-11T19:55:00Z |
| format | Article |
| id | doaj.art-95fe0927505945b5b3b1cbad8e23db67 |
| institution | Directory Open Access Journal |
| issn | 1110-0168 |
| language | English |
| last_indexed | 2024-04-11T19:55:00Z |
| publishDate | 2022-10-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Alexandria Engineering Journal |
| spelling | doaj.art-95fe0927505945b5b3b1cbad8e23db672022-12-22T04:06:12ZengElsevierAlexandria Engineering Journal1110-01682022-10-01611077497758Multiattribute group decision-making method with double reference points and its applications in technological innovation environmental assessmentXiaolin Cai0Haoran Huang1Zhi Xu2Kai Fang3Ken Cai4School of Business Administration, South China University of Technology, Guangzhou 510641, China; College of Innovation and Entrepreneurship Education, Zhongkai University of Agriculture and Engineering, Guangzhou 510225, ChinaCollege of Economy and Trade, Zhongkai University of Agriculture and Engineering, Guangzhou 510225, China; Corresponding authors.School of Business Administration, South China University of Technology, Guangzhou 510641, ChinaCollege of Economy and Trade, Zhongkai University of Agriculture and Engineering, Guangzhou 510225, ChinaCollege of Automation, Zhongkai University of Agriculture and Engineering, Guangzhou 510225, China; Corresponding authors.A decision-making method with double reference points was built to address the multiattribute group decision-making (MAGDM) problem to better reflect the influences of bottom-line and target on group decision-making behaviors. First, the relationship between double reference points and attitude characteristics of decision-makers was analyzed, and the rules of use of linguistic variables were disclosed. Second, the loss and utility functions were given according to relations between the reference points and gain/loss values. Third, the weights of attributes were determined with references to the variation coefficient method. Later, alternatives were classified according to risk probability, and ranking and selection of alternatives were carried out through utility information aggregation. Finally, the new method was applied to solve the technological innovation environmental assessment problem. Research results demonstrate that the new method can classify alternatives according to feasibility. The rank of feasible alternatives of the new method is consistent with that of the traditional method. Research conclusions further enrich the research scope of multiattribute decision-making problems and provide some references to study MAGDM problems.http://www.sciencedirect.com/science/article/pii/S1110016822000217Multiattribute group decision-makingDouble reference pointsTechnological innovation environmentLoss aversion |
| spellingShingle | Xiaolin Cai Haoran Huang Zhi Xu Kai Fang Ken Cai Multiattribute group decision-making method with double reference points and its applications in technological innovation environmental assessment Alexandria Engineering Journal Multiattribute group decision-making Double reference points Technological innovation environment Loss aversion |
| title | Multiattribute group decision-making method with double reference points and its applications in technological innovation environmental assessment |
| title_full | Multiattribute group decision-making method with double reference points and its applications in technological innovation environmental assessment |
| title_fullStr | Multiattribute group decision-making method with double reference points and its applications in technological innovation environmental assessment |
| title_full_unstemmed | Multiattribute group decision-making method with double reference points and its applications in technological innovation environmental assessment |
| title_short | Multiattribute group decision-making method with double reference points and its applications in technological innovation environmental assessment |
| title_sort | multiattribute group decision making method with double reference points and its applications in technological innovation environmental assessment |
| topic | Multiattribute group decision-making Double reference points Technological innovation environment Loss aversion |
| url | http://www.sciencedirect.com/science/article/pii/S1110016822000217 |
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