Multi-attribute decision-making methods with three-parameter interval grey number

Purpose – The paper aims to research the multi-attribute decision-making in which the attribute values are interval grey numbers and the maximum probability of the value of grey number is known. Design/methodology/approach – First, the authors define deviation degree and dominance relation of three-parameter interval grey number and get the equivalence between the dominance relation of decision-making object and the sum of three values of three-parameter interval grey number. Then, considering the uncertainty of goal weight, the authors construct multi-index optimization model based on deviation degree and get the goal weight. Findings – The authors prove the rationality and effectiveness of decision-making methods by examples and give a new thought for grey multi-attribute decision-making methods. Originality/value – As a paper research on theory, it offered a new multi-attribute decision-making method with three-parameter interval grey number.

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

[2]  Zhu Jian-jun,et al.  Intuitionistic fuzzy stochastic multi-criteria decision-making methods based on MYCIN certainty factor and prospect theory , 2013 .

[3]  Ronald R. Yager,et al.  On ordered weighted averaging aggregation operators in multicriteria decision-making , 1988 .

[4]  Yan Shu-l Dynamic risk grey target decision making method based on cumulative prospect theory , 2013 .

[5]  Dang Luo,et al.  Decision-making Methods with Three-parameter Interval Grey Number , 2009 .

[6]  Zhang Xiao-zh A method of dynamic multi-attribute decision making based on variable weight , 2014 .

[7]  Zhao Jing Multi-period and multi-criteria decision making model of grey target based on interval number , 2012 .

[8]  Wei Liu,et al.  D-Tyr-tRNA(Tyr) deacylase, a new role in Alzheimer's-associated disease in SAMP8 mice. , 2010, Chinese medical sciences journal = Chung-kuo i hsueh k'o hsueh tsa chih.

[9]  Dang Luo,et al.  The multi-attribute grey target decision method for attribute value within three-parameter interval grey number , 2012 .

[10]  Yao Zhang,et al.  Risk decision analysis in emergency response: A method based on cumulative prospect theory , 2014, Comput. Oper. Res..

[11]  Feng Qi-lei,et al.  Research on multiple-attribute decision making problems based on the superiority index , 2010 .

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

[13]  L. Si-feng Method of ranking three parameters interval grey numbers and its application in interval DEA model , 2011 .

[14]  Wei Jing,et al.  Study on the extending multi-attribute decision model of grey target , 2012 .

[15]  Liu Si-feng Research on the Ranking of Multiple Decision Object for Attribute Value within Interval Numbers , 2010 .

[16]  Rao Cong-jun,et al.  Method of grey matrix relative degree for dynamic hybrid multi-attribute decision making under risk , 2006 .

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

[18]  Liu Bei-shang,et al.  Relative entropy evaluation method for multiple attribute decision making , 2010 .

[19]  Xiao Zhang,et al.  Multiple attribute decision making considering aspiration-levels: A method based on prospect theory , 2013, Comput. Ind. Eng..

[20]  Liu Si-feng,et al.  An Improved Approach for Determining Weights of Attributes in Decision Making Based on Grey incidence , 2008 .

[21]  A. Tversky,et al.  Prospect theory: an analysis of decision under risk — Source link , 2007 .