Interval-valued intuitionistic fuzzy multi-criteria decision-making approach based on prospect score function

This paper analyzes the limitations of existing score functions of intuitionistic fuzzy set. A new score function is defined based on the prospect value function, and examples are given to demonstrate the validity of this score function. As for the interval-valued intuitionistic fuzzy multi-criteria decision-making problems in which criteria weights are fixed, and the criteria values of alternatives are in the form of interval intuitionistic fuzzy numbers, an interval-valued intuitionistic fuzzy multi-criteria decision-making approach is proposed based on the prospect score function. This approach gives a matrix of score function values and a comprehensive evaluation value of each alternative. And the order of alternatives is listed by comparing the projection values of each alternative to the positive ideal solution. Finally, an example shows the feasibility and validity of this approach.

[1]  Jian-qiang Wang,et al.  Multi-criteria fuzzy decision-making method based on cross entropy and score functions , 2011, Expert Syst. Appl..

[2]  Huawen Liu,et al.  Multi-criteria decision-making methods based on intuitionistic fuzzy sets , 2007, Eur. J. Oper. Res..

[3]  Zhiguo Liu,et al.  Up-regulation of VLDL receptor expression and its signaling pathway induced by VLDL and β-VLDL , 2009, Journal of Huazhong University of Science and Technology. Medical sciences = Hua zhong ke ji da xue xue bao. Yi xue Ying De wen ban = Huazhong keji daxue xuebao. Yixue Yingdewen ban.

[4]  A. Tversky,et al.  Prospect theory: analysis of decision under risk , 1979 .

[5]  Jin-Han Park,et al.  Correlation coefficient of interval-valued intuitionistic fuzzy sets and its application to multiple attribute group decision making problems , 2009, Math. Comput. Model..

[6]  Tan Chun-qiao TOPSIS Multiple Attribute Decision Making Based on Interval-valued Intuitionistic Fuzzy Sets , 2010 .

[7]  Jun Ye,et al.  Improved method of multicriteria fuzzy decision-making based on vague sets , 2007, Comput. Aided Des..

[8]  Liu Fu-xiang The Analysis of Project Investment Based on Vague Set and Multi-Criteria Fuzzy Decision , 2008 .

[9]  Jun Ye,et al.  Using an improved measure function of vague sets for multicriteria fuzzy decision-making , 2010, Expert Syst. Appl..

[10]  A. Tversky,et al.  Prospect Theory : An Analysis of Decision under Risk Author ( s ) : , 2007 .

[11]  Shyi-Ming Chen,et al.  Handling multicriteria fuzzy decision-making problems based on vague set theory , 1994 .

[12]  WU Qi-zong Multicriteria Fuzzy Decision Making Method Based on Vague Set , 2005 .

[13]  Guiwu Wei,et al.  A Method for Interval-valued Intuitionistic Fuzzy Multiple Attribute Decision Making with Incomplete Weight Information , 2007 .

[14]  Krassimir T. Atanassov,et al.  Intuitionistic fuzzy sets , 1986 .

[15]  Dug Hun Hong,et al.  Multicriteria fuzzy decision-making problems based on vague set theory , 2000, Fuzzy Sets Syst..

[16]  Humberto Bustince,et al.  Vague sets are intuitionistic fuzzy sets , 1996, Fuzzy Sets Syst..

[17]  Ruixia Yan,et al.  Vague set methods of multi-criteria fuzzy decision-making , 2010, 2010 Chinese Control and Decision Conference.

[18]  Zeshui Xu,et al.  Induced generalized intuitionistic fuzzy operators , 2011, Knowl. Based Syst..

[19]  Sanyang Liu,et al.  A New Score Function for Fuzzy MCDM Based on Vague Set Theory , 2006 .

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

[21]  Z. Xu,et al.  Methods for aggregating interval-valued intuitionistic fuzzy information and their application to decision making , 2007 .

[22]  Jun Ye Multicriteria fuzzy decision-making method using entropy weights-based correlation coefficients of interval-valued intuitionistic fuzzy sets , 2010 .

[23]  Zun-Quan Xia,et al.  Multicriteria fuzzy decision-making methods based on intuitionistic fuzzy sets , 2007, J. Comput. Syst. Sci..

[24]  Ching-Lai Hwang,et al.  Fuzzy Multiple Attribute Decision Making - Methods and Applications , 1992, Lecture Notes in Economics and Mathematical Systems.

[25]  Zeshui Xu,et al.  Approaches to multiple attribute group decision making based on intuitionistic fuzzy power aggregation operators , 2011, Knowl. Based Syst..

[26]  Pavel V. Sevastjanov,et al.  An interpretation of intuitionistic fuzzy sets in terms of evidence theory: Decision making aspect , 2010, Knowl. Based Syst..

[27]  Chen Xiao-hong Multi-criteria decision-making method based on vague sets and risk attitudes of decision makers , 2009 .

[28]  Zeshui Xu,et al.  Some geometric aggregation operators based on intuitionistic fuzzy sets , 2006, Int. J. Gen. Syst..