A method of fuzzy multiple attribute decision making based on the error-eliminating theory

This paper applies the error-eliminating theory to create a new method for fuzzy multiple attribute decision-making problems whose attribute values contain interval numbers, triangular fuzzy numbers, and trapezoidal fuzzy numbers. First, the concepts of error, loss, and extreme loss are discussed in the context of fuzzy multiple attribute decision-making problems combined with error-eliminating theory. Second, the error function is constructed, and the extreme loss value is calculated based on decision makers’ psychological threshold interval and error types. Third, the attribute loss value is calculated through error values and extreme loss values based on the decision makers’ psychological characteristics of loss aversion. And then, the overall loss value of alternatives is obtained by the attribute loss value. Finally, the ranking and selection of alternatives are conducted based on the overall loss value. Using the practical example of the location of agricultural products’ logistics center, the rationality and scientificity of this study are illustrated by comparing the decision-making method proposed in this paper with three other methods.

[1]  Anshu Ohlan,et al.  Intuitionistic fuzzy exponential divergence: Application in multi-attribute decision making , 2016, J. Intell. Fuzzy Syst..

[2]  Ti-chun Wang,et al.  Fuzzy optimizirani model za donošenje odluke o projektu sheme zasnovan na multi-atributnoj ekstenziji , 2014 .

[3]  Zhang Xia Method for risky multiple attribute decision making based on regret theory , 2013 .

[4]  Witold Pedrycz,et al.  A new model for intuitionistic fuzzy multi-attributes decision making , 2016, Eur. J. Oper. Res..

[5]  K. J. Radford,et al.  Decision-making Under Conditions of Uncertainty , 1989 .

[6]  Marcel Zeelenberg,et al.  Consequences of regret aversion in real life : The case of the Dutch postcode lottery , 2004 .

[7]  Katherine L. Milkman,et al.  Policy Bundling to Overcome Loss Aversion: A Method for Improving Legislative Outcomes , 2009 .

[8]  Wanli Zuo,et al.  TOPSIS method for hesitant fuzzy multiple attribute decision making , 2014, J. Intell. Fuzzy Syst..

[9]  Hoang Nguyen,et al.  A new knowledge-based measure for intuitionistic fuzzy sets and its application in multiple attribute group decision making , 2015, Expert Syst. Appl..

[10]  Jianjun Zhu,et al.  Regret theory-based group decision-making with multidimensional preference and incomplete weight information , 2016, Inf. Fusion.

[11]  A. Tversky,et al.  Advances in prospect theory: Cumulative representation of uncertainty , 1992 .

[12]  Ronald R. Yager,et al.  Operations on fuzzy numbers via fuzzy reasoning , 1997, Fuzzy Sets Syst..

[13]  Ti-chun Wang,et al.  MULTI-ATTRIBUTE EXTENSION FUZZY OPTIMIZED DECISION-MAKING MODEL OF SCHEME DESIGN , 2014 .

[14]  Wang Bei,et al.  The Performance Evaluation of University Scientific Research Project Management Based on the FAHP , 2014 .

[15]  Witold Pedrycz,et al.  Frank aggregation operators and their application to hesitant fuzzy multiple attribute decision making , 2016, Appl. Soft Comput..

[16]  Shu-Ping Wan,et al.  Some new generalized aggregation operators for triangular intuitionistic fuzzy numbers and application to multi-attribute group decision making , 2016, Comput. Ind. Eng..

[17]  Huang Hao-ra Method for Hybrid Multi-attribute Error-eliminating Decision-making under Risk , 2015 .

[18]  D. Geltner,et al.  Loss Aversion and Anchoring in Commercial Real Estate Pricing: Empirical Evidence and Price Index Implications , 2010 .

[19]  Ming-yuan Chen,et al.  An interactive method for dynamic intuitionistic fuzzy multi-attribute group decision making , 2011, Expert Syst. Appl..

[20]  Y.-X. Chen,et al.  Emergency Response Capability Assessment of Emergency Supply Chain Coordination Mechanism Based on Hesitant Fuzzy Information , 2014 .

[21]  Guiwu Wei,et al.  Dual hesitant fuzzy aggregation operators in multiple attribute decision making , 2014, J. Intell. Fuzzy Syst..

[22]  Abdollah Hadi-Vencheh,et al.  Fuzzy inferior ratio method for multiple attribute decision making problems , 2014, Inf. Sci..

[23]  Xin Zhang,et al.  Research on the multi-attribute decision-making under risk with interval probability based on prospect theory and the uncertain linguistic variables , 2011, Knowl. Based Syst..

[24]  Zhiping Chen,et al.  A new multiple attribute group decision making method in intuitionistic fuzzy setting , 2011 .

[25]  G. Wei,et al.  Uncertain linguistic Bonferroni mean operators and their application to multiple attribute decision making , 2013 .

[26]  Ronald E. Giachetti,et al.  Analysis of the error in the standard approximation used for multiplication of triangular and trapezoidal fuzzy numbers and the development of a new approximation , 1997, Fuzzy Sets Syst..

[27]  D. Geltner,et al.  Loss Aversion and Anchoring in Commercial Real Estate Pricing: Empirical Evidence and Price Index Implications , 2010 .

[28]  M. Zeelenberg,et al.  Consequences of Regret Aversion: Effects of Expected Feedback on Risky Decision Making , 1996 .