scholarly journals Single-valued neutrosophic TODIM method based on cumulative prospect theory for multi-attribute group decision making and its application to medical emergency management evaluation

2021 ◽  
pp. 1-17
Author(s):  
Dan Zhang ◽  
Mengwei Zhao ◽  
Guiwu Wei ◽  
Xudong Chen
Keyword(s):  
Decision Making ◽  
Emergency Management ◽  
Prospect Theory ◽  
Group Decision Making ◽  
Group Decision ◽  
Cumulative Prospect Theory ◽  
Medical Emergency ◽  
Management Evaluation ◽  
Todim Method

EDAS method based on cumulative prospect theory for multiple attribute group decision-making under picture fuzzy environment

2021 ◽  
pp. 1-13
Author(s):  
Zhiwei Jiang ◽  
Guiwu Wei ◽  
Xudong Chen
Keyword(s):  
Decision Making ◽  
Prospect Theory ◽  
Group Decision Making ◽  
Group Decision ◽  
Cumulative Prospect Theory ◽  
Shopping Mall ◽  
Corporate Executives ◽  
Fuzzy Environment ◽  
Multiple Attribute ◽  
New City

For the long-term development of shopping mall, the managers of shopping mall tend to build a new store to expand the enterprise’s market share in a new city. After holding a preliminary survey of the city, managers have initially identified five sites for construction. In order to select an optimal site, managers invite four experts who come from university, marking statistics, corporate executives and accounting to score sites. And they choose the best site on the basis of scores. The trait of EDAS method is to select an optimal alternative by using the distance of each alternative from the first-rank value. In this manuscript, we build the picture fuzzy EDAS method based on the cumulative prospect theory (PF-CPT-EDAS) for multiple attribute group decision-making (MAGDM) and it can help managers to choose an optimal alternative effectively. During the procedure of PF-CPT-EDAS means, we take advantage of the entropy means to calculate the original weights of all attributes. Ultimately, we testify the effectiveness of the novel model by comparing the overcome of PF-CPT-EDAS means with the results of PF-EDAS approach and other methods.

Grey relational analysis method based on cumulative prospect theory for intuitionistic fuzzy multi-attribute group decision making

2021 ◽  
Vol 41 (2) ◽  
pp. 3783-3795
Author(s):  
Shanshan Zhang ◽  
Hui Gao ◽  
Guiwu Wei ◽  
Xudong Chen
Keyword(s):  
Decision Making ◽  
Fuzzy Sets ◽  
Prospect Theory ◽  
Group Decision Making ◽  
Grey Relational Analysis ◽  
Group Decision ◽  
Cumulative Prospect Theory ◽  
Relational Analysis ◽  
Intuitionistic Fuzzy ◽  
Grey Relational

The Multi-attribute group decision making (MAGDM) problem is an interesting everyday problem full of complexity and ambiguity. As an extended form of fuzzy sets, intuitionistic fuzzy sets (IFSs) can provide decision-makers (DMs) with a wider range of preferences for MAGDM. The grey relational analysis (GRA) is an effective method for dealing with MAGDM problems. However, in view of the incomplete and asymmetric information and the influence of DMs’ psychological factors on the decision result, we develop a new model that GRA method based on cumulative prospect theory (CPT) under the intuitionistic fuzzy environment. Moreover, the weight of attribute is calculated by entropy weight, so as to distinguish the importance level of attributes, which greatly improves the credibility of the selected scheme. simultaneously, the proposed method is used to the selection of optimal green suppliers for testifying the availability of this new model and the final comparison between this new method and the existing methods further verify the reliability. In addition, the proposed method provides some references for other selection problems.

Sign in / Sign up

Export Citation Format

Share Document