scholarly journals FINDING A PROMISING VENTURE CAPITAL PROJECT WITH TODIM UNDER PROBABILISTIC HESITANT FUZZY CIRCUMSTANCE

2018 ◽  
Vol 24 (5) ◽  
pp. 2026-2044 ◽  
Author(s):  
Weike Zhang ◽  
Jiang Du ◽  
Xiaoli Tian
Keyword(s):  
Decision Making ◽  
Group Decision ◽  
Venture Capitalists ◽  
Fuzzy Information ◽  
Investment Environment ◽  
Limited Ability ◽  
Risk Seeking ◽  
Decision Making Problem ◽  
Criteria Weights

Considering the risk aversion for gains and the risk seeking for losses of venture capitalists, the TODIM has been chosen as the decision-making method. Moreover, group decision is an available way to avoid the limited ability and knowledge etc. of venture capitalists. Simultaneously, venture capitalists may be hesitant among several assessed values with different probabilities to express their real perception because of the uncertain decision-making environment. However, the probabilistic hesitant fuzzy information can solve such problems effectively. Therefore, the TODIM has been extended to probabilistic hesitant fuzzy circumstance for the sake of settling the decision-making problem of venture capitalists in this paper. Moreover, due to the uncertain investment environment, the criteria weights are considered as probabilistic hesitant fuzzy information as well. Then, a case study has been used to verify the feasibility and validity of the proposed TODIM. Also, the TODIM with hesitant fuzzy information has been carried out to analysis the same case. From the comparative analysis, the superiority of the proposed TODIM in this paper has already appeared.

scholarly journals COMBINING THE SUITABILITY-FEASIBILITY-ACCEPTABILITY (SFA) STRATEGY WITH THE MCDM APPROACH

2021 ◽  
Vol 19 (3) ◽  
pp. 579
Author(s):  
Sarfaraz Hashemkhani Zolfani ◽  
Ramin Bazrafshan ◽  
Parnian Akaberi ◽  
Morteza Yazdani ◽  
Fatih Ecer
Keyword(s):  
Decision Making ◽  
United Arab Emirates ◽  
Multiple Criteria Decision Making ◽  
Target Market ◽  
Fish Market ◽  
Decision Making Problem ◽  
Criteria Weights ◽  
Cost Of Transportation ◽  
Selection Of

Suitability-Feasibility-Acceptability (SFA) is a fundamental tool for the development and selection of strategy. Any type of decision-making problem can be resolved by Multiple Criteria Decision Making (MCDM) methods. In this research, we explore the complexity of determining the proper goal market for the Chilean fish market. This study proposed a combined approach of SFA with MCDM methods in a real case study. The proposed structure helps to assign the best market for Chilean export fish to West Asia. Three countries (Saudi Arabia, the United Arab Emirates, and Oman) are selected as a target market in this region, and then related criteria are obtained from various sources. In order to develop a new market for the Chilean fishery industry, five major criteria, including the potential of a target market, region's economic attractiveness, consumption of the seafood, location, cost of transportation, and country risks, were selected based on the SFA framework. Calculating the criteria weights is performed by the Best-Worst (BWM) method, and ordering the alternatives is operated by Measurement Alternatives and Ranking according to compromise Solution (MARCOS) methods. The results showed that Oman is the best destination (importer) for the Chilean fish market (Salmon fish as the case).

Multi-attribute Group Decision-making (MAGDM) using Fuzzy Linguistic Modeling Integrated with the VIKOR Method for Car Purchasing Model

2022 ◽  
Vol 14 (1) ◽  
pp. 0-0
Keyword(s):  
Decision Making ◽  
Group Decision ◽  
Decision Makers ◽  
Decision Making Process ◽  
Vikor Method ◽  
Decision Making Problem ◽  
Purchasing Model ◽  
The Individual ◽  
Fuzzy Linguistic

The change in the trend of transportation, increasing per capita income, expectation of better lifestyle, easy finance, and reduced cost of the automobile are some of the main factors that enable a commoner to have his/her own car. Therefore, it is essential to comprise such features in cars that offer qualities enabling the ease of consumer’s decision-making and comfort to purchase a car individually. Purchasing a car is a complicated multi-criteria decision-making problem as an individual may have different preferences for different criteria attributes. The attributes may be conflicting in nature depending on the need of the individual customer. Generally, it becomes quite difficult to assign ratings to these attributes based on numeric values. Therefore, the decision-making process relies on an idiosyncratic finding of the decision-makers which is in practice fuzzy with uncertainities. Hence, this article is a case study that deals with a hierarchy MCDM approach in accordance with the fuzzy logic and VIKOR method to solve a car purchasing problem.

scholarly journals Solution of multi-criteria group decision making problem based on picture linguistic informations

2019 ◽  
Vol 8 (1-2) ◽  
pp. 1-11 ◽  
Author(s):  
Muhammad Qiyas ◽  
Saleem Abdullah ◽  
Shahzaib Ashraf
Keyword(s):  
Decision Making ◽  
Group Decision Making ◽  
Group Decision ◽  
Aggregation Operators ◽  
Weighted Averaging ◽  
Fuzzy Information ◽  
Multiple Attribute ◽  
Decision Making Problem ◽  
Linguistic Term ◽  
Score Index

The aim of this paper is applying the linguistic term and linguistic variables to picture fuzzy information. In this article the multiple attribute group decision making is considered. First we develop the picture linguistic averaging aggregation operators based on new operation on picture fuzzy information. For the (MCGDM) problems with picture linguistic information, we define a score index and accuracy index of (PLNs), and prefer a technique to the correlation among the two (PLNs). Simultaneously, some operation laws for (PLNs) are defined and the related properties are studied. Further, some aggregation operators are developed: picture linguistic weighted averaging (PLWA), picture linguistic ordered weighted averaging (PLOWA), picture linguistic hybrid averaging (PLHA) operators

scholarly journals A NEW ADDITIVE RATIO ASSESSMENT (ARAS) METHOD IN MULTICRITERIA DECISION‐MAKING / NAUJAS ADITYVINIS KRITERIJŲ SANTYKIŲ ĮVERTINIMO METODAS (ARAS) DAUGIAKRITERINIAMS UŽDAVINIAMS SPRĘSTI

2010 ◽  
Vol 16 (2) ◽  
pp. 159-172 ◽  
Author(s):  
Edmundas Kazimieras Zavadskas ◽  
Zenonas Turskis
Keyword(s):  
Decision Making ◽  
Pairwise Comparison ◽  
Multicriteria Decision Making ◽  
Dew Point ◽  
Air Flow Rate ◽  
Multicriteria Decision ◽  
Decision Making Problem ◽  
Criteria Weights ◽  
Office Rooms

Multicriteria decision‐making (MCDM) methods are used in many areas of human activities. Each alternative in a multicriteria decision‐making problem can be described by a set of criteria. Criteria can be qualitative and quantitative. They usually have different units of measurement and a different optimization direction. The normalization aims at obtaining comparable scales of criteria values. The paper introduces a new Additive Ratio ASsessment (ARAS) method. In order to illustrate the described ARAS method a real case study of evaluation of microclimate in office rooms is presented. The case study aims to determine the inside climate of the premises, where people work, and to define measures to be taken to improve their environment. Based on the analysis, the following criteria for inside climate evaluation are suggested: air turnover inside the premises, air humidity, air temperature, illumination intensity, air flow rate, and dew point. The criteria weights were determined by the method of pairwise comparison based on the estimates of experts. Santrauka Daugiakriteriniai sprendimų metodai taikomi daugelyje žmogaus veiklos sričių. Kiekviena alternatyva, sprendžiant daugiakriterinius uždavinius, gali būti apibūdinta kriteriju aibe. Kriterijai gali būti kokybiniai ir kiekybiniai. Jie paprastai turi skirtingus matavimo vienetus ir įvairią optimizavimo kryptį. Kriterijų vertės yra normalizuojamos lyginamos skalės vertėms gauti. Straipsnyje pateikiamas naujas adityvinis kriterijų santykių įvertinimo metodas (ARAS) daugiakriteriniams uždaviniams spręsti. ARAS metodo taikymui pavaizduoti pateiktas realus mikroklimato biuro patalpose vertinimo tyrimas. Tyrimo tikslas ‐ įvertinti patalpų, kurioje žmonės dirba, mikroklimata ir nustatyti priemones, kurių reikia imtis aplinkai pagerinti. Remiantis uždavinio tikslų analize, siūlomi šie kriterijai vidaus klimatui įvertinti: oro pasikeitimas, patalpų oro santykinė dregmė, oro temperatūra, apšvietimo intensyvumas, oro srautas ir rasos taškas. Kriterijų svoriai nustatomi porinio lyginimo metodu, remiantis ekspertų vertinimais. Kriterijų reikšmės nustatytos sertifikuotu prietaisu.

scholarly journals Linguistic Picture Fuzzy Dombi Aggregation Operators and Their Application in Multiple Attribute Group Decision Making Problem

Mathematics ◽  
2019 ◽  
Vol 7 (8) ◽  
pp. 764 ◽  
Author(s):  
Muhammad Qiyas ◽  
Saleem Abdullah ◽  
Shahzaib Ashraf ◽  
Lazim Abdullah
Keyword(s):  
Decision Making ◽  
Group Decision ◽  
Multiple Attribute Decision Making ◽  
Aggregation Operators ◽  
Comparison Analysis ◽  
Fuzzy Information ◽  
Multiple Attribute ◽  
Decision Making Problem ◽  
Operational Rule ◽  
Picture Fuzzy Sets

The aims of this study are to propose the linguistic picture fuzzy Dombi (LPFD) aggregation operators and decision-making approach to deal with uncertainties in the form of linguistic picture fuzzy sets. LPFD operators have more flexibility due to the general fuzzy set. Utilizing the Dombi operational rule, the series of Dombi aggregation operators were proposed, namely linguistic picture fuzzy Dombi arithmetic/geometric, ordered arithmetic/ordered geometric and Hybrid arithmetic/Hybrid geometric aggregation operators. The distinguished feature of these proposed operators is studied. At that point, we have used these Dombi operators to design a model to deal with multiple attribute decision-making (MADM) issues under linguistic picture fuzzy information. Finally, an illustrative example to evaluate the emerging technology enterprises is provided to demonstrate the effectiveness of the proposed approach, together with a sensitivity analysis and comparison analysis, proving that its results are feasible and credible.

CPT-MABAC-Based multiple attribute group decision making method with probabilistic hesitant fuzzy information

2021 ◽  
pp. 1-16
Author(s):  
Ningna Liao ◽  
Hui Gao ◽  
Guiwu Wei ◽  
Xudong Chen
Keyword(s):  
Decision Making ◽  
Group Decision Making ◽  
Group Decision ◽  
Decision Makers ◽  
Fuzzy Information ◽  
Fuzzy Environment ◽  
Multiple Attribute ◽  
Probabilistic Hesitant Fuzzy Sets ◽  
Magdm Problems

Facing with a sea of fuzzy information, decision makers always feel it difficult to select the optimal alternatives. Probabilistic hesitant fuzzy sets (PHFs) utilize the possible numbers and the possible membership degrees to describe the behavior of the decision makers. though this environment has been introduced to solve problems using different methods, this circumstance can still be explored by using different method. This paper’ s aim is to develop the MABAC (Multi-Attributive Border Approximation area Comparison) decision-making method which based on cumulative prospect theory (CPT) in probabilistic hesitant fuzzy environment to handle multiple attributes group decision making (MAGDM) problems. Then the weighting vector of attributes can be calculated by the method of entropy. Then, in order to show the applicability of the proposed method, it is validated by a case study for buying a house. Finally, through comparing the outcome of comparative analysis, we conclude that this designed method is acceptable.

scholarly journals Coupling Fuzzy Multi-Criteria Decision-Making and Clustering Algorithm for MSW Landfill Site Selection (Case Study: Lanzhou, China)

2021 ◽  
Vol 10 (6) ◽  
pp. 403
Author(s):  
Jiamin Liu ◽  
Yueshi Li ◽  
Bin Xiao ◽  
Jizong Jiao
Keyword(s):  
Decision Making ◽  
Clustering Algorithm ◽  
Fuzzy Membership Function ◽  
Multi Criteria Decision Making ◽  
Landfill Site Selection ◽  
Spatial Distribution Characteristics ◽  
Criteria Weights ◽  
Spatial Decision Making ◽  
Complex Decision

The siting of Municipal Solid Waste (MSW) landfills is a complex decision process. Existing siting methods utilize expert scores to determine criteria weights, however, they ignore the uncertainty of data and criterion weights and the efficacy of results. In this study, a coupled fuzzy Multi-Criteria Decision-Making (MCDM) approach was employed to site landfills in Lanzhou, a semi-arid valley basin city in China, to enhance the spatial decision-making process. Primarily, 21 criteria were identified in five groups through the Delphi method at 30 m resolution, then criteria weights were obtained by DEMATEL and ANP, and the optimal fuzzy membership function was determined for each evaluation criterion. Combined with GIS spatial analysis and the clustering algorithm, candidate sites that satisfied the landfill conditions were identified, and the spatial distribution characteristics were analyzed. These sites were subsequently ranked utilizing the MOORA, WASPAS, COPRAS, and TOPSIS methods to verify the reliability of the results by conducting sensitivity analysis. This study is different from the previous research that applied the MCDM approach in that fuzzy MCDM for weighting criteria is more reliable compared to the other common methods.

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