scholarly journals A new picture fuzzy divergence measure based on Jensen–Tsallis information measure and its application to multicriteria decision making

Author(s):  
Ratika Kadian ◽  
Satish Kumar
Symmetry ◽  
2020 ◽  
Vol 12 (9) ◽  
pp. 1452
Author(s):  
Arunodaya Raj Mishra ◽  
Pratibha Rani ◽  
Abbas Mardani ◽  
Reetu Kumari ◽  
Edmundas Kazimieras Zavadskas ◽  
...  

Classification of the divergence measure for fuzzy sets (FSs) has been a successful approach since it has been utilized in several disciplines, e.g., image segmentation, pattern recognition, decision making, etc. The objective of the manuscript is to show the advantage of the combined methodology. A comparison clearly shows the usefulness of the proposed technique over the existing ones under the fuzzy environment. This study presents novel exponential-type divergence measures with some elegant features, which can be applied to FSs. Next, a TODIM (an acronym in Portuguese for Interactive Multicriteria Decision Making) approach derived from prospect theory, Shapley function, and divergence measure for multi-criteria decision-making (MCDM) is proposed. Besides, for the reason of evaluating the dominance degree of the option, and the weights of the criteria, proposed divergence measures are implemented. Evaluating and selecting the service quality is the most important issue in management; it has a direct influence on the way the manufacturer performs its tasks. Selecting the service quality can be thought of as a problem of MCDM involving numerous contradictory criteria (whether of a quantitative or qualitative nature) for the evaluation processes. In recent years, the service quality assessment is becoming increasingly complex and uncertain; as a result, some criteria assessment processes cannot be efficiently done by numerical assessments. In addition, decision experts (DEs) may not always show full rationality in different real-life situations that need decision making. Here, a real service quality evaluation problem is considered to discuss the efficacy of the developed methods. The algorithm (TODIM based on the Shapley function and divergence measures) has a unique procedure among MCDM approaches, which is demonstrated for the first time in this paper.


2018 ◽  
Vol 2018 ◽  
pp. 1-11 ◽  
Author(s):  
Abhishek Guleria ◽  
Rakesh Kumar Bajaj

In the present communication, a parametric (R, S)-norm information measure for the Pythagorean fuzzy set has been proposed with the proof of its validity. The monotonic behavior and maximality feature of the proposed information measure have been studied and presented. Further, an algorithm for solving the multicriteria decision-making problem with the help of the proposed information measure has been provided keeping in view of the different cases for weight criteria, when weights are unknown and other when weights are partially known. Numerical examples for each of the case have been successfully illustrated. Finally, the work has been concluded by providing the scope for future work.


SAGE Open ◽  
2021 ◽  
Vol 11 (3) ◽  
pp. 215824402110360
Author(s):  
Fengsheng Chien ◽  
Chia-Nan Wang ◽  
Ka Yin Chau ◽  
Van Thanh Nguyen ◽  
Viet Tinh Nguyen

The uses and management of capital is extremely important to the operation of any businesses. However, not all businesses have available capital, so the use of loans in many different forms is always an effective solution in managing corporate finance. Accompanying with businesses, many financial leasing companies have implemented products and programs to lend money to businesses with low interest rates. So, choosing the best financial leasing company is a primary concern of businesses. To increase competitiveness, financial leasing companies often offer preferential conditions to attract businesses. Choosing the best financial leasing service to leasing is important and necessary to those businesses. Thus, the selection of a financial leasing company by small and medium enterprises benefits from the application of Multicriteria Decision-Making (MCDM) methods which allows the decision maker to consider various qualitative and quantitative criteria. In this article, the author applied Fuzzy Analytical Network Process (FANP) to calculate the related criteria weights of the financial leasing company selection problem of businesses. Then, the Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) is applied to rank the potential decision-making units. This research establishes one complete and efficient model for financial leasing company selection using FANP and TOPSIS methods. The proposed model is then applied into a real-world case study to demonstrate its feasibility.


Author(s):  
Luisa Andrea González-Cruz ◽  
Luis Fernando Morales-Mendoza ◽  
Alberto Alfonso Aguilar-Lasserre ◽  
Catherine Azzaro-Pantel ◽  
Paulina Martínez-Isidro ◽  
...  

Author(s):  
Jian Li ◽  
Li-li Niu ◽  
Qiongxia Chen ◽  
Zhong-xing Wang

AbstractHesitant fuzzy preference relations (HFPRs) have been widely applied in multicriteria decision-making (MCDM) for their ability to efficiently express hesitant information. To address the situation where HFPRs are necessary, this paper develops several decision-making models integrating HFPRs with the best worst method (BWM). First, consistency measures from the perspectives of additive/multiplicative consistent hesitant fuzzy best worst preference relations (HFBWPRs) are introduced. Second, several decision-making models are developed in view of the proposed additive/multiplicatively consistent HFBWPRs. The main characteristic of the constructed models is that they consider all the values included in the HFBWPRs and consider the same and different compromise limit constraints. Third, an absolute programming model is developed to obtain the decision-makers’ objective weights utilizing the information of optimal priority weight vectors and provides the calculation of decision-makers’ comprehensive weights. Finally, a framework of the MCDM procedure based on hesitant fuzzy BWM is introduced, and an illustrative example in conjunction with comparative analysis is provided to demonstrate the feasibility and efficiency of the proposed models.


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