Decision-making method based on game theory and grey theory in a single-value neutrosophic environment and its application to typhoon disaster assessment

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ruipu Tan ◽  
Lehua Yang ◽  
Shengqun Chen ◽  
Wende Zhang
Keyword(s):  
Game Theory ◽  
Decision Making ◽  
Mixed Strategy ◽  
Payoff Matrix ◽  
Neutrosophic Set ◽  
Grey Theory ◽  
Decision Matrix ◽  
Content Type ◽  
Disaster Assessment ◽  
Typhoon Disaster

PurposeThe Chinese believe that “man will conquer the sky” and “fighting with the sky brings endless joy”. Considering that disaster assessment can be regarded as a two-person, zero-sum game problem between nature and human beings, this paper proposes a multi-attribute decision-making method based on game theory and grey theory in a single-value neutrosophic set environment. Due to the complexity and uncertainty of the decision-making environment, the method builds a decision matrix based on single-valued neutrosophic numbers.Design/methodology/approachFirst, the authors use the single-value neutrosophic information entropy to calculate the attribute weights and the weighted decision matrix. Second, the optimal mixed strategy method based on linear programming solves the optimal mixed strategy for both sides of the game so that the expected payoff matrix can be obtained. Finally, grey correlation analysis is used to obtain the closeness coefficient of each alternative based on the expectation payoff matrix to identify the ranking result of the alternative.FindingsAn example is used to verify the effectiveness of the proposed method, and its rationality is verified through a comprehensive comparison and analysis of the various aspects.Practical implicationsThe proposed decision-making method can be applied to typhoon disaster assessment. Such assessment results can provide intelligent decision support to the relevant disaster management departments, thereby reducing the negative impact of typhoon disasters on society, stabilizing society and improving people's happiness. Further, the method can be used for decision-making, recommendation and evaluation in other fields.Originality/valueThe proposed method uses single-value neutrosophic numbers to solve the information representation problem of decision-making in a complex environment. Under a new perspective, game theory is used to handle the decision matrix, while grey relational analysis converts inexact numbers to exact numbers for comparison and sorting. Thus, the proposed method can be used to make reasonable decisions while preserving information to the extent possible.

scholarly journals Entangled and correlated photon mixed strategy for social decision making

2021 ◽  
Vol 11 (1) ◽  
Author(s):  
Shion Maeda ◽  
Nicolas Chauvet ◽  
Hayato Saigo ◽  
Hirokazu Hori ◽  
Guillaume Bachelier ◽  
...  
Keyword(s):  
Game Theory ◽  
Decision Making ◽  
Mixed Strategy ◽  
Evolutionary Game ◽  
Slot Machines ◽  
Decision Strategy ◽  
Social Infrastructure ◽  
Positive Effects ◽  
Social Decision Making ◽  
The Given

AbstractCollective decision making is important for maximizing total benefits while preserving equality among individuals in the competitive multi-armed bandit (CMAB) problem, wherein multiple players try to gain higher rewards from multiple slot machines. The CMAB problem represents an essential aspect of applications such as resource management in social infrastructure. In a previous study, we theoretically and experimentally demonstrated that entangled photons can physically resolve the difficulty of the CMAB problem. This decision-making strategy completely avoids decision conflicts while ensuring equality. However, decision conflicts can sometimes be beneficial if they yield greater rewards than non-conflicting decisions, indicating that greedy actions may provide positive effects depending on the given environment. In this study, we demonstrate a mixed strategy of entangled- and correlated-photon-based decision-making so that total rewards can be enhanced when compared to the entangled-photon-only decision strategy. We show that an optimal mixture of entangled- and correlated-photon-based strategies exists depending on the dynamics of the reward environment as well as the difficulty of the given problem. This study paves the way for utilizing both quantum and classical aspects of photons in a mixed manner for decision making and provides yet another example of the supremacy of mixed strategies known in game theory, especially in evolutionary game theory.

Ranking the strategies for Indian medical tourism sector through the integration of SWOT analysis and TOPSIS method

2017 ◽  
Vol 30 (8) ◽  
pp. 668-679 ◽  
Author(s):  
Puneeta Ajmera
Keyword(s):  
Decision Making ◽  
Swot Analysis ◽  
Medical Tourism ◽  
Developed Countries ◽  
Individual Factors ◽  
Final Decision ◽  
Decision Matrix ◽  
Content Type ◽  
Indian Medical ◽  
Multiple Attribute

Purpose Organizations have to evaluate their internal and external environments in this highly competitive world. Strengths, weaknesses, opportunities and threats (SWOT) analysis is a very useful technique which analyzes the strengths, weaknesses, opportunities and threats of an organization for taking strategic decisions and it also provides a foundation for the formulation of strategies. But the drawback of SWOT analysis is that it does not quantify the importance of individual factors affecting the organization and the individual factors are described in brief without weighing them. Because of this reason, SWOT analysis can be integrated with any multiple attribute decision-making (MADM) technique like the technique for order preference by similarity to ideal solution (TOPSIS), analytical hierarchy process, etc., to evaluate the best alternative among the available strategic alternatives. The paper aims to discuss these issues. Design/methodology/approach In this study, SWOT analysis is integrated with a multicriteria decision-making technique called TOPSIS to rank different strategies for Indian medical tourism in order of priority. Findings SO strategy (providing best facilitation and care to the medical tourists at par to developed countries) is the best strategy which matches with the four elements of S, W, O and T of SWOT matrix and 35 strategic indicators. Practical implications This paper proposes a solution based on a combined SWOT analysis and TOPSIS approach to help the organizations to evaluate and select strategies. Originality/value Creating a new technology or administering a new strategy always has some degree of resistance by employees. To minimize resistance, the author has used TOPSIS as it involves group thinking, requiring every manager of the organization to analyze and evaluate different alternatives and average measure of each parameter in final decision matrix.

scholarly journals Game Theory in Molecular Nanosensing System for Rapid Detection of Hg2+ in Aqueous Solutions

2018 ◽  
Vol 8 (12) ◽  
pp. 2530
Author(s):  
Nan Nie ◽  
Xin Zhang ◽  
Chu Fang ◽  
Qiu Zhu ◽  
Jiao Lu ◽  
...  
Keyword(s):  
Game Theory ◽  
Decision Making ◽  
Pond Water ◽  
Payoff Matrix ◽  
Proof Of Concept ◽  
Decision Systems ◽  
Theoretical System ◽  
Intelligent Decision ◽  
Simple Molecules ◽  
Intelligent Decision Systems

Game theory—the scientific study of interactive, rational decision making—describes the interaction of two or more players from macroscopic organisms to microscopic cellular and subcellular levels. Life based on molecules is the highest and most complex expression of molecular interactions. However, using simple molecules to expand game theory for molecular decision-making remains challenging. Herein, we demonstrate a proof-of-concept molecular game-theoretical system (molecular prisoner’s dilemma) that relies on formation of the thymine–Hg2+–thymine hairpin structure specifically induced by Hg2+ and fluorescence quenching and molecular adsorption capacities of cobalt oxyhydroxide (CoOOH) nanosheets, resulting in fluorescence intensity and distribution change of polythymine oligonucleotide 33-repeat thymines (T33). The “bait” molecule, T33, interacted with two molecular players, CoOOH and Hg2+, in different states (absence = silence and presence = betrayal), regarded as strategies. We created conflicts (sharing or self-interest) of fluorescence distribution of T33, quantifiable in a 2 × 2 payoff matrix. In addition, the molecular game-theoretical-system based on T33 and CoOOH was used for sensing Hg2+ over the range of 20 to 600 nM with the detection limit of 7.94 nM (3σ) and for determination of Hg2+ in pond water. Inspired by the proof-of-concept for molecular game theory, various molecular decision-making systems could be developed, which would help promote molecular information processing and generating novel molecular intelligent decision systems for environmental monitoring and molecular diagnosis and therapy.

An application of grey based decision making approach for the selection of manufacturing system

2014 ◽  
Vol 4 (3) ◽  
pp. 447-462 ◽  
Author(s):  
Om Ji Shukla ◽  
Gunjan Soni ◽  
G. Anand
Keyword(s):  
Decision Making ◽  
Lean Manufacturing ◽  
Manufacturing Systems ◽  
Manufacturing System ◽  
Strategic Decision ◽  
Decision Matrix ◽  
Content Type ◽  
Manufacturing Organization ◽  
Decision Making Model ◽  
Selection Of

Purpose – In the current customer-driven market, the manufacturers have to be highly responsive and flexible to deliver a variety of products. Hence, to meet this dynamic and uncertain market changes, the production system, which enables the manufacturing of such variety of products should be able to meet such diverse, dynamic changes. Hence, selecting a suitable manufacturing system is a key strategic decision for today's manufacturing organization, which needs to survive in these uncertain market conditions. Hence, the purpose of this paper is to present a decision-making model for selecting the best manufacturing system and also discuss the criteria on the basis of which the management can select the same. Design/methodology/approach – A case of small- and medium-sized company is presented, in which the management is deciding to establish a most suitable manufacturing system. To supplement this, a suitable multi-criteria decision-making model (MCDM), the grey approach is used to analyze manufacturing system alternatives based on various decision criteria to arrive a comparative ranking. Findings – An extensive analysis of grey-based decision-making model described grey decision matrix, grey normalized decision matrix, grey weighted normalized decision matrix and grey possibility degrees for three alternatives revealed that lean manufacturing systems was found to be the most suitable manufacturing system among three alternatives for a given case. Research limitations/implications – The same study can be extended by including sub-criteria with main criteria for selection of manufacturing system by utilizing two MCDM techniques such as AHP or ANP with Grey approach. Practical implications – The Grey approach has been discussed in a detailed way and it will be useful for the managers to use this approach as a tool for solving similar type of decision-making problems in their organizations in the future. Originality/value – Although, the problem of selecting a suitable manufacturing system is often addressed both in practice and research, very few reports are available in the literature of Grey-based decision models that demonstrated its application for selecting a suitable manufacturing systems.

Trust strategy simulation of corporation–NPO cross alliance using evolutionary game theory

Kybernetes ◽  
2017 ◽  
Vol 46 (3) ◽  
pp. 450-465 ◽  
Author(s):  
Yidan Chen ◽  
Lanying Sun
Keyword(s):  
Game Theory ◽  
Decision Making ◽  
Nonprofit Organizations ◽  
Bounded Rationality ◽  
Evolutionary Game Theory ◽  
Evolutionary Game ◽  
Stable State ◽  
Evolutionary Strategies ◽  
Content Type ◽  
Trust Relationships

Purpose The purpose of this paper is to investigate the dynamics and evolution of trust in organizational cross alliances. Design/methodology/approach In alliances between corporations and nonprofit organizations, trust in decision-making is a dynamic process. Using the replicated dynamics model of evolutionary game theory, this paper provides a trust decision model and analyzes four scenarios under different parameters. A numerical simulation is developed to present an intuitive interpretation of the dynamic development of trust decisions and the effects of incentive and punishment mechanisms. Findings Under different parameters, bounded rationality and utilities result in different but stable evolutionary strategies; the initial probability of adopting a trust strategy leads directly to whether participants adopt the strategy when the system reaches stability after continued games; and incentive and punishment mechanisms can significantly reduce the initial probability of adopting a trust strategy where the system evolves to meet stable state needs. Practical implications The establishment of trust relationships is an important influence on the stable and coordinated development of an alliance. The proposed model can help the alliance build closer trust relationships and provide a theoretical basis for the design of the trust mechanism. Originality/value Incentive and punishment bound by some degree of trust are introduced to address the problems of trust decisions and their dynamics; the model created reflects the bounded rationality and utility of each game stage. Useful evolutionary stable strategies using different variables are proposed to address the decision-making problems of trust in cross alliances.

Adopting hybridized multicriteria decision model as a decision tool in engineering design

2019 ◽  
Vol 18 (2) ◽  
pp. 451-479 ◽  
Author(s):  
Olayinka Mohammed Olabanji ◽  
Khumbulani Mpofu
Keyword(s):  
Decision Making ◽  
Optimal Design ◽  
Engineering Design ◽  
Decision Tool ◽  
Design Features ◽  
Decision Matrix ◽  
Content Type ◽  
Multicriteria Decision ◽  
Design Concepts ◽  
Left And Right

Purpose The purpose of this paper is to determine the suitability of adopting hybridized multicriteria decision-making models as a decision tool in engineering design. This decision tool will assist design engineers and manufacturers to determine a robust design concept before simulation and manufacturing while all the design features and sub features would have been identified during the decision-making process. Design/methodology/approach Fuzzy analytical hierarchy process (FAHP) and fuzzy technique for order preference by similarity to ideal solution (FTOPSIS) are hybridized and applied to obtain optimal design of a reconfigurable assembly fixture (RAF) from a set of alternative design concepts. Design features and sub features associated with the RAF are identified and compared using fuzzified pairwise comparison matrices to obtain weights of their relative importance in the optimal design. The FAHP obtained the fuzzy synthetic extent (FSE) values of the design features and sub features. The FSE values are used as weights of the design features and sub features in generating the decision matrix. FTOPSIS and FTOPSIS based on left and right scores were adopted to predict effects of the weights. Results were obtained for normalized and unnormalized weights of the design features and its effects on the relative closeness coefficients of the design alternatives. Findings The improved performance of the FTOPSIS based on left and right scores is due to the involvement of the left and right scores of weights of the design features in the computation of distances from positive and negative ideal solutions. Embedding the weights of the design features in the normalized decision matrix before estimating the distances of the design concepts from ideal solutions reduces the dependency of the closeness coefficients on the weights of the design features. This also decreases the difference in the final values of the design concepts. In essence, the weights of the design features have an impact in the closeness coefficient. There is reduction in the closeness coefficients of the design concepts due to normalization of the weights of the design features. However, normalizing the weights of the design features did not affect the variations in the final values of the design concept. As the final value of the design concepts can be influenced by the normalized weights of the design features, it can be implied that normalization of weights of the sub features will also affect the decision matrix. The study has been able to proof that hybridizing FAHP and FTOPSIS can produce effective results for decisions on optimal design by the application of FTOPSIS based on left and right scores rather than the general FTOPSIS. Originality/value This research develops a hybridized multicriteria decision-making model for decision-making in engineering design. It presents a detailed extension of hybridized FAHP and FTOPSIS based on left and right scores as a useful tool for considering the relative importance of design features and sub features in optimal design selection.

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