TODIM Method Based on Probabilistic Linguistic Term Sets and Its Application in Enterprise Performance Evaluation of Strategic Emerging Industries

2018 ◽  
Vol 08 (04) ◽  
pp. 151-160
Author(s):  
小兵 毛
Keyword(s):  
Performance Evaluation ◽  
Enterprise Performance ◽  
Emerging Industries ◽  
Linguistic Term ◽  
Probabilistic Linguistic Term Sets ◽  
Todim Method

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 Intuitionistic Fuzzy Hierarchical Multi-Criteria Decision Making for Evaluating Performances of Low-Carbon Tourism Scenic Spots

2020 ◽  
Vol 17 (17) ◽  
pp. 6259
Author(s):  
Xuan Yang ◽  
Zhou-Jing Wang
Keyword(s):  
Decision Making ◽  
Performance Evaluation ◽  
Pairwise Comparison ◽  
Evaluation Index System ◽  
Multi Criteria Decision Making ◽  
Low Carbon ◽  
Decision Matrix ◽  
Intuitionistic Fuzzy ◽  
Linguistic Term ◽  
Performance Evaluation Index

Low-carbon tourism is an effective solution to cope with the goal conflict between developing tourist economy and responding to carbon emission reduction and ecological environment protection. Tourism scenic spots are important carriers of tourist activities and play a crucial role in low-carbon tourism. There are multiple factors affecting the low-carbon performance of a tourism scenic spot, and thus the performance evaluation and ranking of low-carbon tourism scenic spots can be framed as a hierarchical multi-criteria decision making (MCDM) problem. This paper develops a novel method to tackle hierarchical MCDM problems, in which the importance preferences of criteria over the decision goal and sub-criteria with respect to the upper-level criterion are provided by linguistic-term-based pairwise comparisons and the assessments of alternatives over each of sub-criteria at the lowest level are furnished by positive interval values. The linguistic-term-based pairwise comparison matrices are converted into intuitionistic fuzzy preference relations and an approach is developed to obtain the global importance weights of the lowest level sub-criteria. A multiplicatively normalized intuitionistic fuzzy decision matrix is established from the interval-value-based assessments of alternatives and a method is proposed to determine the intuitionistic fuzzy value based comprehensive scores of alternatives. A case study is offered to illustrate how to build a performance evaluation index system of low-carbon tourism scenic spots located at Zhejiang Province of China and show the use of the proposed intuitionistic fuzzy hierarchical MCDM method.

scholarly journals Cumulative Prospect Theory: Performance Evaluation of Government Purchases of Home-Based Elderly-Care Services Using the Pythagorean 2-tuple Linguistic TODIM Method

2020 ◽  
Vol 17 (6) ◽  
pp. 1939 ◽  
Author(s):  
Jianping Lu ◽  
Tingting He ◽  
Guiwu Wei ◽  
Jiang Wu ◽  
Cun Wei
Keyword(s):  
Performance Evaluation ◽  
Prospect Theory ◽  
Elderly Care ◽  
Cumulative Prospect Theory ◽  
Care Services ◽  
Home Based ◽  
Multiple Attribute ◽  
Todim Method ◽  
The Government ◽  
Home Based Care

The aging trend of China’s population is increasing, and the pension problem is becoming increasingly prominent. The pension mode provided by the government alone can no longer meet the social demand, and the government’s purchase of home-based care services from social organizations has become a new trend. In order to improve the efficiency and quality of pension services, a reasonable performance evaluation model needs to be established. Performance evaluations of home-based elderly-care services purchased by the government are problematic as a result of multiple-attribute group decision-making (MAGDM), as the problems are not single-attribute or single-expert issues. The extended TODIM not only integrates the advantages of cumulative prospect theory (CPT) into a consideration of the psychological factors of DMs, but also retains the superiority of the classical TODIM in relative dominance. The Pythagorean 2-tuple linguistic sets (P2TLSs) could easily depict qualitative assessment information related to the government’s purchase of home-based care services. Thus, in this paper, we extend the TODIM method based on the cumulative prospect theory (CPT) to the Pythagorean 2-tuple linguistic sets (P2TLSs) and propose a Pythagorean 2-tuple linguistic CPT-TODIM (P2TL-CPT-TODIM) method for MAGDM. The P2TL-CPT-TODIM method was proven superior to the classical one through a case study that included a performance evaluation of a home-based elderly-care service purchased by the government. Meanwhile, a comparison with the P2TL-CPT-TODIM method was performed to demonstrate the stability and effectiveness of the designed method.

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