Unbalanced double hierarchy linguistic term set: The TOPSIS method for multi-expert qualitative decision making involving green mine selection

2019 ◽  
Vol 51 ◽  
pp. 271-286 ◽  
Author(s):  
Ziguo Fu ◽  
Huchang Liao
Keyword(s):  
Decision Making ◽  
Topsis Method ◽  
Linguistic Term ◽  
Qualitative Decision

scholarly journals The application of probabilistic linguistic CODAS method based on new score function in multi-criteria decision-making

2021 ◽  
Vol 41 (1) ◽  
Author(s):  
Liuxin Chen ◽  
Xiaoling Gou
Keyword(s):  
Decision Making ◽  
Score Function ◽  
Multi Criteria Decision Making ◽  
Topsis Method ◽  
Linguistic Terms ◽  
Complete Representation ◽  
Linguistic Term ◽  
Probabilistic Linguistic Term Sets ◽  
Todim Method

AbstractProbabilistic linguistic term sets (PLTSs) play an important role in multi-criteria decision-making(MCDM) problems because it can not only describe objects with several possible linguistic terms, but also represent the proportion of each linguistic term, which can effectively avoid the distortion of decision information to a greater extent and ensure the credibility of decision results. First, to compare PLTS more simply and reasonably, we define a new score function that takes into account partial deviations. Then considering the superiority of the classic combinative distance-based assessment (CODAS) method in the complete representation of information, it is extended to the probabilistic linguistic environment. Subsequently, we improved the classic CODAS method and proposed the PL-CODAS method. Finally, we apply the PL-CODAS method to a cases of venture investors choosing emerging companies, and we compare the proposed method with PL-TOPSIS method, PL-TODIM method and PL-MABAC method to verify its applicability and effectiveness.

scholarly journals Integrating an Extended Outranking-TOPSIS Method with Probabilistic Linguistic Term Sets for Multiattribute Group Decision-Making

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-19
Author(s):  
Feng Shen ◽  
Zhiyuan Yang ◽  
Dongliang Cai
Keyword(s):  
Decision Making ◽  
Group Decision Making ◽  
Large Scale ◽  
Group Decision ◽  
Feedback Mechanism ◽  
Expert Group ◽  
Group Consensus ◽  
Topsis Method ◽  
Linguistic Term ◽  
Probabilistic Linguistic Term Sets

Group decision-making is a common activity in organizational management and economic conditions. In practice, the opinions of experts may be fuzzy. This paper proposes integrating an extended outranking-TOPSIS method with probabilistic linguistic term sets for multiattribute group decision-making, which is used to solve the real-world public-private partnership (PPP) project selection problem. First, an extended outranking method based on probabilistic linguistic term sets is proposed, and each expert’s ranking of alternatives is obtained according to this method. After the individual ranking is completed, the large-scale expert group is clustered by the K-means clustering method, and then the improved consensus mechanism is used to study the degree of consensus of the expert group. If the consensus of the group is not up to the standard, then, for clusters with a lower degree of consensus with the group, the feedback mechanism is used to adjust the weight between different clusters so that the group consensus can be improved. After achieving the target group consensus, an improved technique for order preference by similarity to an ideal solution (TOPSIS) method is used to synthesize expert opinions, and the ranking results are obtained. Finally, there are cases used to demonstrate the feasibility and rationality of the method.

Applying the Multi-Criteria Decision Making Model for Ranking Commercial Banks: The Case of Vietnam

2019 ◽  
pp. 125-133
Author(s):  
Duong Truong Thi Thuy ◽  
Anh Pham Thi Hoang
Keyword(s):  
Decision Making ◽  
Commercial Banks ◽  
Decision Model ◽  
Business Models ◽  
Multi Criteria Decision Making ◽  
Ideal Solution ◽  
Topsis Method ◽  
Decision Making Model

Banking has always played an important role in the economy because of its effects on individuals as well as on the economy. In the process of renovation and modernization of the country, the system of commercial banks has changed dramatically. Business models and services have become more diversified. Therefore, the performance of commercial banks is always attracting the attention of managers, supervisors, banks and customers. Bank ranking can be viewed as a multi-criteria decision model. This article uses the technique for order of preference by similarity to ideal solution (TOPSIS) method to rank some commercial banks in Vietnam.

Representing a probabilistic linguistic term set with an interval type-2 fuzzy set and the application in green supplier selection

2021 ◽  
pp. 1-18
Author(s):  
Le Jiang ◽  
Hongbin Liu
Keyword(s):  
Decision Making ◽  
Membership Function ◽  
Fuzzy Set ◽  
Supplier Selection ◽  
Symbolic Model ◽  
Green Supplier Selection ◽  
Linguistic Term ◽  
Interval Type ◽  
Decision Making Model

The use of probabilistic linguistic term sets (PLTSs) means the process of computing with words. The existing methods computing with PLTSs mainly use symbolic model. To provide a semantic model for computing with PLTSs, we propose to represent a PLTS by using an interval type-2 fuzzy set (IT2FS). The key step is to compute the footprint of uncertainty of the IT2FS. To this aim, the upper membership function is computed by aggregating the membership functions of the linguistic terms contained in the PLTS, and the lower membership function is obtained by moving the upper membership function downward with the step being total entropy of the PLTS. The comparison rules, some operations, and an aggregation operator for PLTSs are introduced. Based on the proposed method of computing with PLTSs, a multi-criteria group decision making model is introduced. The proposed decision making model is then applied in green supplier selection problem to show its feasibility.

scholarly journals A Decision-Making Approach Based on TOPSIS Method for Ranking Smart Cities in the Context of Urban Energy

Energies ◽  
2021 ◽  
Vol 14 (9) ◽  
pp. 2691
Author(s):  
Sławomira Hajduk ◽  
Dorota Jelonek
Keyword(s):  
Decision Making ◽  
Smart Cities ◽  
Energy Performance ◽  
Linear Ordering ◽  
Topsis Method ◽  
Research Papers ◽  
The World ◽  
Urban Energy ◽  
World Council ◽  
Topsis Technique

This paper presents the use of multi-criteria decision-making (MCDM) for the evaluation of smart cities. During the development of the method, the importance of the decision-making approach in the linear ordering of cities was presented. The method of using the Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) was proposed for the preparation of ranking. The method was verified by the application in the measurement of energy performance in smart cities. The authors conducted a literature review of research papers related to urban energy and MCDM published in the period from 2010 to 2020. The paper uses data from the World Council on City Data (WCCD). The research conducted allowed for the identification of the most popular MCDM techniques in the field of urban energy such as TOPSIS, AHP and DEA. The TOPSIS technique was used to organize and group the analyzed cities. Porto took the top position, whereas Buenos Aries was the last.

Multi-criteria decision-making based on hesitant fuzzy linguistic term sets: An outranking approach

2015 ◽  
Vol 86 ◽  
pp. 224-236 ◽  
Author(s):  
Jing Wang ◽  
Jian-qiang Wang ◽  
Hong-yu Zhang ◽  
Xiao-hong Chen
Keyword(s):  
Decision Making ◽  
Multi Criteria Decision Making ◽  
Linguistic Term ◽  
Fuzzy Linguistic
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