A consensus model for group decision making under trapezoidal fuzzy numbers environment

2017 ◽  
Vol 31 (2) ◽  
pp. 377-394 ◽  
Author(s):  
Peng Wu ◽  
Qun Wu ◽  
Ligang Zhou ◽  
Huayou Chen ◽  
Han Zhou
Keyword(s):  
Decision Making ◽  
Group Decision Making ◽  
Fuzzy Numbers ◽  
Group Decision ◽  
Consensus Model ◽  
Trapezoidal Fuzzy Numbers

scholarly journals A New Approach for Assessing Credit Risks under Uncertainty

2020 ◽  
Author(s):  
Teimuraz Tsabadze
Keyword(s):  
Decision Making ◽  
Group Decision Making ◽  
Metric Space ◽  
Theoretical Basis ◽  
Fuzzy Numbers ◽  
Group Decision ◽  
Initial Part ◽  
New Approach ◽  
Trapezoidal Fuzzy Numbers ◽  
Credit Risks

The purpose of this chapter is to introduce a new approach for an assessment of the credit risks. The initial part of the chapter is to briefly discuss the existing models of assessment of the credit risks and justify the need for a new approach. Since a new approach is created for conditions of uncertainty, we cannot do without fuzzy mathematics. The proposed approach is based on group decision-making, where experts’ opinions are expressed by trapezoidal fuzzy numbers. The theoretical basis of the offered approach is laid out in the metric space of trapezoidal fuzzy numbers. The new approach is introduced and discussed, and two realization algorithms are given. The toy example of application of the introduced approach is offered as well.

Similarity-Based Approach for Group Decision Making with Multi-Granularity Linguistic Information

2016 ◽  
Vol 24 (06) ◽  
pp. 873-900 ◽  
Author(s):  
Jian Lin ◽  
Riqing Chen ◽  
Qiang Zhang
Keyword(s):  
Decision Making ◽  
Group Decision Making ◽  
Fuzzy Numbers ◽  
Group Decision ◽  
Geometric Mean ◽  
Multiple Sources ◽  
Linguistic Information ◽  
Trapezoidal Fuzzy Numbers ◽  
Attribute Weights ◽  
Linguistic Label

The aim of this article is to investigate the approach for multi-attribute group decision-making, in which the attribute values take the form of multi-granularity multiplicative linguistic information. Firstly, to process multiple sources of decision information assessed in different multiplicative linguistic label sets, a method for transforming multi-granularity multiplicative linguistic information into multiplicative trapezoidal fuzzy numbers is proposed. Then, a formula for ranking multiplicative trapezoidal fuzzy numbers is given based on geometric mean. Furthermore, the concept of similarity degree between two multiplicative trapezoidal fuzzy numbers is defined. The attribute weights are obtained by solving some optimization models. An effective approach for group decision making with multi-granularity multiplicative linguistic information is developed based on the ordered weighted geometric mean operator and proposed formulae. Finally, a practical example is provided to illustrate the practicality and validity of the proposed method.

scholarly journals Dynamic Multi-Attribute Group Decision Making Model Based on Generalized Interval-Valued Trapezoidal Fuzzy Numbers

2015 ◽  
Vol 14 (4) ◽  
pp. 11-28 ◽  
Author(s):  
Wei Lin ◽  
Guangle Yan ◽  
Yuwen Shi
Keyword(s):  
Decision Making ◽  
Group Decision Making ◽  
Fuzzy Numbers ◽  
Group Decision ◽  
Decision Makers ◽  
Final Decision ◽  
Trapezoidal Fuzzy Numbers ◽  
Time Period ◽  
Decision Making Model ◽  
Interval Valued

Abstract In this paper we investigate the dynamic multi-attribute group decision making problems, in which all the attribute values are provided by multiple decision makers at different periods. In order to increase the level of overall satisfaction for the final decision and deal with uncertainty, the attribute values are enhanced with generalized interval-valued trapezoidal fuzzy numbers to cope with the vagueness and indeterminacy. We first define the Dynamic Generalized Interval-valued Trapezoidal Fuzzy Numbers Weighted Geometric Aggregation (DGITFNWGA) operator and give an approach to determine the weights of periods, using the probability density function of Gamma distribution, and then a dynamic multi-attribute group decision making method is developed. The method proposed employs the Generalized Interval-valued Trapezoidal Fuzzy Numbers Hybrid Geometric Aggregation (GITFNHGA) operator to aggregate all individual decision information into the collective attribute values corresponding to each alternative at the same time period, and then utilizes the DGITFNWGA operator to aggregate the collective attribute values at different periods into the overall attribute values corresponding to each alternative and obtains the alternatives ranking, by which the optimal alternative can be determined. Finally, an illustrative example is given to verify the approach developed.

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