scholarly journals A Q-RUNG ORTHOPAIR FUZZY GLDS METHOD FOR INVESTMENT EVALUATION OF BE ANGEL CAPITAL IN CHINA

2020 ◽  
Vol 26 (1) ◽  
pp. 103-134 ◽  
Author(s):  
Huchang Liao ◽  
Hongrun Zhang ◽  
Cheng Zhang ◽  
Xingli Wu ◽  
Abbas Mardani ◽  
...  
Keyword(s):  
Decision Making ◽  
Fuzzy Set ◽  
Distance Measure ◽  
Intuitionistic Fuzzy Set ◽  
Multiple Criteria Decision Making ◽  
Multiple Criteria ◽  
Investment Evaluation ◽  
Dominance Score ◽  
Do So

As a generalized form of both intuitionistic fuzzy set and Pythagorean fuzzy sets, the q-rung orthopair fuzzy set (q-ROFS) has strong ability to handle uncertain or imprecision decisionmaking problems. This paper aims to introduce a new multiple criteria decision making method based on the original gain and lost dominance score (GLDS) method for investment evaluation. To do so, we first propose a new distance measure of q-rung orthopair fuzzy numbers (q-ROFNs), which takes into account the hesitancy degree of q-ROFNs. Subsequently, two methods are developed to determine the weights of DMs and criteria, respectively. Next, the original GLDS method is improved from the aspects of dominance flows and order scores of alternatives to address the multiple criteria decision making problems with q-ROFS information. Finally, a case study concerning the investment evaluation of the BE angle capital is given to illustrate the applicability and superiority of the proposed method.

scholarly journals A New Multiple Criteria Decision Making Method and its Application in Cloud Computing for Education

2015 ◽  
Vol 10 (8) ◽  
pp. 21
Author(s):  
Heng Sun
Keyword(s):  
Decision Making ◽  
Cloud Computing ◽  
Membership Function ◽  
Fuzzy Set ◽  
Choquet Integral ◽  
Intuitionistic Fuzzy Set ◽  
Multiple Criteria Decision Making ◽  
Score Function ◽  
Multiple Criteria ◽  
Intuitionistic Fuzzy

Cloud computing can extend the traditional education framework. In education, cloud can provide students and teachers with tools to deploy computing resources on-demand for lectures and labs according to their learning needs. But how to select a perfect cloud server is a key point, which is considered as a multiple criteria decision making problem. So, in this paper, intuitionistic fuzzy set is first introduced to express the decision maker’s views. Intuitionistic fuzzy set (IFS) includes a membership function and a non-membership function. More importantly, a new operator with choquet integral is developed to deal with assessment of education using cloud computing. Meanwhile, score function and accuracy function are demonstrated to obtain the final result. Finally, we develop this method to apply in a case study to show its applicability.

A Hybrid Method for Pythagorean Fuzzy Multiple-Criteria Decision Making

2016 ◽  
Vol 15 (02) ◽  
pp. 403-422 ◽  
Author(s):  
Shouzhen Zeng ◽  
Jianping Chen ◽  
Xingsen Li
Keyword(s):  
Decision Making ◽  
Fuzzy Set ◽  
Intuitionistic Fuzzy Set ◽  
Multiple Criteria Decision Making ◽  
Weighted Average ◽  
Multiple Criteria ◽  
Distance Measures ◽  
Weighted Averaging ◽  
Ordered Weighted Averaging ◽  
Special Cases

As a generalization of intuitionistic fuzzy set, the Pythagorean fuzzy set is interesting and very useful in modeling uncertain information in real-world decision-making problems. In this paper, we develop a new method for Pythagorean fuzzy multiple-criteria decision-making (MCDM) problems with aggregation operators and distance measures. First, we present the Pythagorean fuzzy ordered weighted averaging weighted average distance (PFOWAWAD) operator. The main advantage of the PFOWAWAD operator is that it uses distance measures in a unified framework between the ordered weighted averaging (OWA) operator and weighted average (WA) that considers the degree of importance of each concept in the aggregation. Some of its main properties and special cases are studied. Then, based on the proposed operator, a hybrid TOPSIS method, called PFOWAWAD-TOPSIS is introduced for Pythagorean fuzzy MCDM problem. Finally, a numerical example is provided to illustrate the practicality and feasibility of the developed method.

MULTIPLE CRITERIA CONSTRUCTION MANAGEMENT DECISIONS CONSIDERING RELATIONS BETWEEN CRITERIA / DAUGIATIKSLIAI STATYBOS VALDYMO SPRENDIMAI ATSIŽVELGIANT Į RODIKLIŲ TARPUSAVIO PRIKLAUSOMYBĘ

2010 ◽  
Vol 16 (1) ◽  
pp. 109-125 ◽  
Author(s):  
Jurgita Antuchevičienė ◽  
Edmundas Kazimieras Zavadskas ◽  
Algimantas Zakarevičius
Keyword(s):  
Decision Making ◽  
Mahalanobis Distance ◽  
Construction Management ◽  
Distance Measure ◽  
Multiple Criteria Decision Making ◽  
Multiple Criteria ◽  
Ideal Solution ◽  
Order Preference ◽  
Topsis Technique

Decision making in construction management has been always complicated especially if there were more than one criterion under consideration. Multiple criteria decision making (MCDM) has been often applied for complex decisions in construction when a lot of criteria were involved. Traditional MCDM methods, however, operate with independent and conflicting criteria. While in every day problems a decision maker often faces interactive and interrelated criteria. Accordingly, the need of improving and supplementing the methodology of compromise decisions arose. It was proposed to supplement TOPSIS (Technique for the Order Preference by Similarity to Ideal Solution) method and integrate the Mahalanobis distance in the usual algorythm of TOPSIS. Mahalanobis distance measure offered an option to take the correlations between the criteria into considerations while making the decision. A case study of building redevelopment in Lithuanian rural areas was presented that demonstrated the application of the proposed methodology. The case study proved that the proposed TOPSIS‐M (TOPSIS applying Mahalanobis distance measure) method could have substantial influence in carrying the proper decision. Santrauka Statybos valdymo spendimų priėmimas visuomet yra komplikuotas, ypač jei turime atsižvelgti į daugelį rodiklių. Kompleksiniams statybos sprendimams, kurie apibūdinami daugeliu rodiklių, taikomi daugiatiksliai sprendimų priėmimo metodai (MCDM ‐ Multiple Criteria Decision Making). Šie metodai skirti sprendimams priimti tuomet, kai vertinami konfliktuojantys bei nepriklausomi rodikliai. Tačiau realiose situacijose, priešingai, nuolat susiduriame su saveikaujančiais ir tarpusavio priklausomybę turinčiais rodikliais. Dėl šios priežasties kyla poreikis patobulinti sprendimų metodologiją. Straipsnyje siūloma papildyti variantų racionalumo nustatymo metoda TOPSIS (Technique for the Order Preference by Similarity to Ideal Solution), taikant Mahalanobio metoda atstumams nustatyti. Mahalanobio atstumų nustatymo metodas suteikia galimybę įvertinti koreliacinės rodiklių priklausomybės priimant daugiatikslį sprendimą. Siūlomos metodologijos taikymas įliustruojamas sprendžiant apleistų pastatų Lietuvos kaimo vietovėse racionalaus sutvarkymo uždavinį. Pateiktas pavyzdys patvirtina, kad TOPSIS‐M metodo (t. y. TOPSIS naudojant Mahalanobio atstuma) taikymas gali turėti esminę įtaka priimant sprendimą.

Learning from failures: Design improvements using a multiple criteria decision-making process

2003 ◽  
Vol 217 (4) ◽  
pp. 207-216 ◽  
Author(s):  
G G Davidson ◽  
A W Labib
Keyword(s):  
Decision Making ◽  
Failure Modes ◽  
Multiple Criteria Decision Making ◽  
Multiple Criteria ◽  
Mathematical Representation ◽  
Analytic Hierarchy ◽  
Proposed Model ◽  
Invaluable Tool ◽  
History Of

This paper proposes a new concept of decision analysis based on a multiple criteria decision making (MCDM) process. This is achieved through the provision of a systematic and generic methodology for the implementation of design improvements based on experience of past failures. This is illustrated in the form of a case study identifying the changes made to Concorde after the 2000 accident. The proposed model uses the analytic hierarchy process (AHP) mathematical model as a backbone and integrates elements of a modified failure modes and effects analysis (FMEA). The AHP has proven to be an invaluable tool for decision support since it allows a fully documented and transparent decision to be made with full accountability. In addition, it facilitates the task of justifying improvement decisions. The paper is divided as follows: the first section presents an outline of the background to the Concorde accident and its history of related (non-catastrophic) malfunctions. The AHP methodology and its mathematical representation are then presented with the integrated FMEA applied to the Concorde accident. The case study arrives at the same conclusion as engineers working on Concorde after the accident: that the aircraft may fly again if the lining of the fuel tanks are modified.

Multiple-criteria fuzzy group decision-making with multi-choice goal programming for supplier selection: A case study

2019 ◽  
Vol 11 (03) ◽  
pp. 1950029
Author(s):  
Ashoke Kumar Bera ◽  
Dipak Kumar Jana ◽  
Debamalya Banerjee ◽  
Titas Nandy
Keyword(s):  
Decision Making ◽  
Goal Programming ◽  
Supplier Selection ◽  
Multiple Criteria Decision Making ◽  
Fuzzy Topsis ◽  
Multiple Criteria ◽  
Linguistic Variables ◽  
Manufacturing Organization ◽  
Fuzzy Group Decision Making

In today’s highly turbulent and competitive environment, the success of the organization depends on the performance of its suppliers. However, supplier selection problems are complex as they involve a large number of criteria and, frequently, some of the criteria cannot be evaluated precisely. Moreover, fluctuations of supplier performances and unknown information always exist in real-world decision-making. It is a complex multiple-criteria decision-making (MCDM) problem as it involves a trade-off among various criteria with vagueness and imprecision and also involves a group of experts with diverse opinion. Therefore, to make more practical decisions, this paper is intended to propose an integrated technique for order preference by similarity to ideal solution (TOPSIS) in fuzzy environment with multi-choice goal programming (MCGP) to handle the supplier assessment and order allocation for a battery manufacturing organization. Using linguistic variables, the decision-makers assess the rating of suppliers as well as the importance of various factors. Linguistic variables are expressed in trapezoidal fuzzy numbers (TrFN). Fuzzy-TOPSIS method is proposed to obtain the rank of suppliers and MCGP method is used to allocate suitable orders to the selected suppliers. A case study is implemented to find the applicability and validity of the proposed model. Finally, sensitivity analysis is performed to observe the effect of weights of criteria on supplier evaluation problem.

scholarly journals New approach to decision making by multiple criteria analysis

2018 ◽  
Vol 146 ◽  
pp. 01002 ◽  
Author(s):  
Tomas Vanicek ◽  
Jana Kucerova
Keyword(s):  
Decision Making ◽  
Multiple Criteria Decision Making ◽  
Decision Support Tool ◽  
Decision Processes ◽  
Multiple Criteria ◽  
New Approach ◽  
Support Tool ◽  
Different Types ◽  
Multiple Criteria Evaluation

Many decision processes in technical and economical sciences require multiple criteria decision making. The most widely applied methods for multiple criteria evaluation of alternatives are based on the evaluation of alternatives in terms of an additive preference function. All of them require the estimation of weights of usually conflicting criteria. There are several methods how to find the weights of the criteria and how to find the evaluation of each solution in each criterion. The decision process based on simple weighted sum of values may not be the best approach in all situations. This paper contains a new approach of the evaluation of measured value set by different mathematical operators than the usually used multiple criteria evaluation methods. The approach was applied in a case study for multiple criteria evaluation. Generally, this new decision-support tool can help in various situations where different types of effects caused by a construction or reconstruction can occur. This is a very frequent situation in dealing with building defects, too.

Sign in / Sign up

Export Citation Format

Share Document