Solving dynamic normal distribution stochastic decision-making problems based on time degree and vertical projection distance

How to effectively aggregate time-series information has long been a significant issue in the field of decision-making method and decision support system. This paper studies a dynamic normal distribution stochastic decision-making method that is based on the time degree and vertical projection distance. A dynamic normal distribution number weighted arithmetic average (DNDNWAA) operator is introduced, and a time sequence weight calculation model is constructed that fully considers the subjective preference of the historical information of the decision-maker. An attribute weight-determining model based on vertical projection distance is presented against the characteristics of normally distributed stochastic variables. The original dynamic normal distribution stochastic decision-making information is aggregated via the aggregation operator under the normally distributed stochastic variables. The aggregated comprehensive stochastic decision-making information based on stochastic probability distribution theory is converted into interval numbers, and the interval number possibility degree model is applied to provide a solution ordering result. Finally, the validity and rationality of the method proposed in this paper are verified by analyzing numerical examples. The proposed method can guide decision-makers to make better decisions in dynamic random information environment.

[1]  Yan Zhang,et al.  Multi-criteria decision making method based on possibility degree of interval type-2 fuzzy number , 2013, Knowl. Based Syst..

[2]  Zeshui Xu,et al.  On multi-period multi-attribute decision making , 2008, Knowl. Based Syst..

[3]  C. E. SHANNON,et al.  A mathematical theory of communication , 1948, MOCO.

[4]  Gui-Wu Wei,et al.  Gray relational analysis method for intuitionistic fuzzy multiple attribute decision making , 2011, Expert Syst. Appl..

[5]  Zhongliang Yue,et al.  TOPSIS-based group decision-making methodology in intuitionistic fuzzy setting , 2014, Inf. Sci..

[6]  Zaoli Yang,et al.  Dynamic Stochastic Multiattribute Decision-Making That Considers Stochastic Variable Variance Characteristics under Time-Sequence Contingency Environments , 2017 .

[7]  Ion Iancu,et al.  Intuitionistic fuzzy similarity measures based on Frank t-norms family , 2014, Pattern Recognit. Lett..

[8]  Ting-Yu Chen,et al.  The inclusion-based TOPSIS method with interval-valued intuitionistic fuzzy sets for multiple criteria group decision making , 2015, Appl. Soft Comput..

[9]  Samad Ahmadi,et al.  Optimizing a bi-objective reliable facility location problem with adapted stochastic measures using tuned-parameter multi-objective algorithms , 2016, Knowl. Based Syst..

[10]  Li Cun-bi,et al.  Method for Fuzzy-stochastic Multi-criteria Decision-making Based on Prospect Theory and Improved TOPSIS with its Application , 2015 .

[11]  Junhua Hu,et al.  Dynamic stochastic multi-criteria decision making method based on cumulative prospect theory and set pair analysis , 2011 .

[12]  Zeshui Xu,et al.  Dynamic intuitionistic fuzzy multi-attribute decision making , 2008, Int. J. Approx. Reason..

[13]  Zeshui Xu,et al.  Corrigendum to "Dynamic intuitionistic fuzzy multi-attribute decision making" [Int. J. Approx. Reasoning 48 (2008) 246-262] , 2009, Int. J. Approx. Reason..

[14]  Yang Xiao-juan,et al.  Dynamic stochastic multiple attribute decision making method with incomplete certain information , 2010 .

[15]  Shyi-Ming Chen,et al.  Multicriteria decision making based on the TOPSIS method and similarity measures between intuitionistic fuzzy values , 2016, Inf. Sci..

[16]  P. Liu,et al.  Research on the Stochastic Hybrid Multi-attribute Decision Making Method Based on Prospect Theory , 2014 .

[17]  Witold Pedrycz,et al.  An extended VIKOR method based on prospect theory for multiple attribute decision making under interval type-2 fuzzy environment , 2015, Knowl. Based Syst..

[18]  Ronald R. Yager,et al.  On ordered weighted averaging aggregation operators in multicriteria decisionmaking , 1988, IEEE Trans. Syst. Man Cybern..

[19]  Hong-yu Zhang,et al.  Interval-valued intuitionistic fuzzy multi-criteria decision-making approach based on prospect score function , 2012, Knowl. Based Syst..

[20]  Sanjay Kumar,et al.  Intuitionistic fuzzy entropy and distance measure based TOPSIS method for multi-criteria decision making , 2014 .

[21]  Wei Zhang,et al.  European Journal of Operational Research an Interval-valued Intuitionistic Fuzzy Principal Component Analysis Model-based Method for Complex Multi-attribute Large-group Decision-making , 2022 .

[22]  Xiaohong Chen,et al.  Stochastic multiple criteria decision making with aspiration level based on prospect stochastic dominance , 2014, Knowl. Based Syst..

[23]  Wei Chen,et al.  Evaluation of risk management capability of partners in R&D projects based on error propagation and orthogonal projection , 2017, J. Intell. Fuzzy Syst..

[24]  Changyong Liang,et al.  An intuitionsitic fuzzy judgement matrix and TOPSIS integrated multi-criteria decision making method for green supplier selection , 2015, J. Intell. Fuzzy Syst..

[25]  Naif Alajlan,et al.  Probability weighted means as surrogates for stochastic dominance in decision making , 2014, Knowl. Based Syst..

[26]  Tan Jing-xin Revised TOPSIS Method Based on Vertical Projection Distance -Vertical Projection Method , 2004 .

[27]  Claude E. Shannon,et al.  A mathematical theory of communication , 1948, MOCO.

[28]  Solomon Tesfamariam,et al.  Probability density functions based weights for ordered weighted averaging (OWA) operators: An example of water quality indices , 2007, Eur. J. Oper. Res..

[29]  Pavel V. Sevastjanov,et al.  A new approach to the rule-base evidential reasoning in the intuitionistic fuzzy setting , 2014, Knowl. Based Syst..

[30]  Pingtao Yi,et al.  Method and Application of Dynamic Comprehensive Evaluation , 2007 .

[31]  T. Seager,et al.  Stochastic multi-attribute analysis (SMAA) as an interpretation method for comparative life-cycle assessment (LCA) , 2014, The International Journal of Life Cycle Assessment.

[32]  Hao Jing-jin,et al.  A Method for Multi-stage Stochastic Multi-criteria Decision Making Concerning Prospect Theory , 2015 .

[33]  Maciej Nowak,et al.  Preference and veto thresholds in multicriteria analysis based on stochastic dominance , 2004, Eur. J. Oper. Res..