Picture fuzzy MABAC method based on prospect theory for multiple attribute group decision making and its application to suppliers selection

2022 ◽  
pp. 1-11
Author(s):  
Zhiwei Jiang ◽  
Guiwu Wei ◽  
Yanfeng Guo
Keyword(s):  
Prospect Theory ◽  
Manufacturing Industry ◽  
Fuzzy Numbers ◽  
Purchasing Management ◽  
Fuzzy Environment ◽  
Multiple Attribute ◽  
Todim Method ◽  
Picture Fuzzy Sets ◽  
The Cost

In the garment manufacturing industry, purchasing management is an important link. The materials of making clothes often need high cost. In addition, customers put forward a request in the quality of clothes. Thus, choosing an optimal supplier is an essential part of job. Reaching cooperation with an optimal supplier not only can help garment manufacturer improve the quality of clothes but also is benefit to reduce the cost of producing. Most importantly, it can improve the competitiveness of manufacture enterprises. So, it is important for managers to find an optimal supplier and make a cooperation with it. In this paper, we analysis an issue about choosing an optimal supplier during four different suppliers. With analyzing this problem, we can introduce an extended method under picture fuzzy environment to evaluate and choose an optimal supplier. In this article, we describe some basic knowledges about picture fuzzy sets (PFSs) and picture fuzzy numbers (PFNs). Then, we introduce the extension of MABAC method which is on the basis of prospect theory (PT) with picture fuzzy numbers (PF-PT-MABAC) and utilize the PF-PT-MABAC model to evaluate different suppliers to choose an optimal supplier. Finally, we compare the result of PF-PT-MABAC with the result of traditional MABAC, PFWG operators and traditional TODIM method to test the efficiency of PF-PT-MABAC model.

scholarly journals TODIM Method for Multiple Attribute Group Decision Making under 2-Tuple Linguistic Neutrosophic Environment

Symmetry ◽  
2018 ◽  
Vol 10 (10) ◽  
pp. 486 ◽  
Author(s):  
Jie Wang ◽  
Guiwu Wei ◽  
Mao Lu
Keyword(s):  
Decision Making ◽  
Group Decision Making ◽  
Group Decision ◽  
New Method ◽  
Calculating Method ◽  
Fuzzy Environment ◽  
Operational Laws ◽  
Multiple Attribute ◽  
Todim Method ◽  
Magdm Problems

In this article, we extend the original TODIM (Portuguese acronym for Interactive Multi-Criteria Decision Making) method to the 2-tuple linguistic neutrosophic fuzzy environment to propose the 2TLNNs TODIM method. In the extended method, we use 2-tuple linguistic neutrosophic numbers (2TLNNs) to present the criteria values in multiple attribute group decision making (MAGDM) problems. Firstly, we briefly introduce the definition, operational laws, some aggregation operators and the distance calculating method of 2TLNNs. Then, the calculation steps of the original TODIM model are presented in simplified form. Thereafter, we extend the original TODIM model to the 2TLNNs environment to build the 2TLNNs TODIM model, our proposed method, which is more reasonable and scientific in considering the subjectivity of DM’s behaviors and the dominance of each alternative over others. Finally, a numerical example for the safety assessment of a construction project is proposed to illustrate the new method, and some comparisons are also conducted to further illustrate the advantages of the new method.

A Study on Cooperative Continuous Static Games without Differentiability under Fuzzy Environment

2022 ◽  
Vol 11 (1) ◽  
pp. 0-0
Keyword(s):  
Fuzzy Numbers ◽  
Optimal Solution ◽  
Solution Concept ◽  
Proper Understanding ◽  
Fuzzy Environment ◽  
The Stability ◽  
The Right ◽  
The Cost ◽  
Stability Sets ◽  
Fuzzy Parameters

In this study, a fuzzy cooperative continuous static game (PQFCCSG) with n players having fuzzy parameters in all of the cost functions and the right- hand-side of constraints is characterized. Their fuzzy parameters are represented by piecewise quadratic fuzzy numbers. The α-pareto optimal solution concept is specified. In addition, the stability sets of the first and second kind without differentiability are conceptualized and established. An illustrated numerical example is discussed for proper understanding and interpretation of the proposed concept.

Fuzzification of EOQ Model Under the Condition of Permissible Delay in Payments

2012 ◽  
Vol 3 (2) ◽  
pp. 1-19 ◽  
Author(s):  
Chandra K. Jaggi ◽  
Anuj Sharma ◽  
Reena Jain
Keyword(s):  
Fuzzy Numbers ◽  
Delay Period ◽  
Order Quantity ◽  
Distance Method ◽  
Permissible Delay In Payments ◽  
Signed Distance ◽  
Eoq Model ◽  
Fuzzy Environment ◽  
Delay In Payments ◽  
The Cost

This paper formulates an economic order quantity inventory model under the condition of permissible delay in payments in fuzzy environment. All the parameters of the model, excluding permissible delay period and cycle length, are taken to be trapezoidal Fuzzy numbers. The arithmetic operations are defined under the function principle. The cost function has been defuzzified using signed distance method and thereby solved to obtain the optimal replenishment period. The numerical example is presented to show the validity of the model followed by sensitivity analysis.

Implementation of Time-Driven Activity-Based Costing System in the Manufacturing Industry

2020 ◽  
pp. 272-283 ◽  
Author(s):  
Ahmet Özcan
Keyword(s):  
Manufacturing Industry ◽  
Business Environment ◽  
Activity Based Costing ◽  
Strategic Decisions ◽  
Quality Cost ◽  
Goods And Services ◽  
Costing System ◽  
The Cost ◽  
Capacity Cost

In the current business environment, the costing system used within the firms has prominent impact on strategic decisions. High-quality cost data significantly increases the quality of firms' strategic decisions. The activity-based costing system has failed to satisfy the needs of firms operating in the competitive economic environment. The time-driven activity-based costing system is the developed version of activity-based costing system. Time-driven activity-based costing system is one of the most sophisticated costing systems that enable firms to accurately calculate the cost of goods and services. Time-equations are used in time-driven activity-based costing system to estimate the time consumed by each activity. This chapter aims to discuss main dynamics of time-driven activity-based costing system and provides an illustration of this costing system in the manufacturing industry. The case study demonstrates that time-driven activity-based costing system is useful in calculating idle capacity cost.

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.

scholarly journals Selection of Plant Location using Consistent FAHP and Goal Programming Technique

2020 ◽  
Vol 8 (4S5) ◽  
pp. 164-169
Keyword(s):  
Goal Programming ◽  
Manufacturing Industry ◽  
Fuzzy Ahp ◽  
Preference Relation ◽  
Time Data ◽  
Programming Technique ◽  
Fuzzy Environment ◽  
Decision Making Problem ◽  
The Cost ◽  
Hierarchy Process

Hierarchy Process (AHP) is one of the effectively used tools for solving Multi Criteria decision making problem. In AHP the decision maker’s ambiguity and uncertainty cannot be handled. To solve this, AHP is extended in Fuzzy environment. In this paper a new method of Fuzzy AHP based on multiplicative consistent fuzzy preference relation is introduced. In this method, an iterative algorithm is given to construct comparison matrices from n (n-1)/2 preferences .From these comparison matrices the weight vectors are evaluated by goal programming technique. The validity of this method is checked by applying this it to a solved problem in the literature and it is found that this method yields the same result. Location of a manufacturing plant has a significant impact on the performance of the company as it minimizes the cost and maximizes the use of resource. A manufacturing industry wants to select a location for its new plant. The method proposed in this paper is applied to select the best location out of several alternatives with the real time data.

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.

scholarly journals Cutting tool quality improvement: a case study of electronic parts manufacturer

2020 ◽  
Vol 2 (2) ◽  
pp. 30-36
Author(s):  
Thanatorn Chuenyindee ◽  
Piyaphong Yongphet ◽  
Phongchayont Srisuwan
Keyword(s):  
Statistical Methods ◽  
Manufacturing Industry ◽  
Cutting Tool ◽  
Cutting Tools ◽  
Modern Manufacturing ◽  
Parts Manufacturing ◽  
Electronic Parts ◽  
The Cost

Electronic parts are an important part in the modern manufacturing industry. The purpose of this study was to enhance the quality of cutting tools in electronic parts manufacturing process by utilizing statistical methods. Through these approaches, it was found that the cost of precision boring blade (S2F0409R05F35R10PTD) was significantly decrease from 457 THB to 315 THB, this research can maintain the process capability value (Cpk) at the customer satisfaction level (rather than 1.5) and reduce production cost from 2,104,739 THB per year to 1,598,857 THB per year (5 months payback period). The proposed statistical methods approaches could also be applied to other electronic parts manufacturing industries worldwide.

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