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An Extended EDAS Approach Based on Cumulative Prospect Theory for Multiple Attributes Group Decision Making with Interval-Valued Intuitionistic Fuzzy Information.

Authors :
Wang, Jing
Cai, Qiang
Wei, Guiwu
Liao, Ningna
Source :
Informatica. 2024, Vol. 35 Issue 2, p421-452. 32p.
Publication Year :
2024

Abstract

The interval-valued intuitionistic fuzzy sets (IVIFSs), based on the intuitionistic fuzzy sets (IFSs), combine the classical decision method and its research and application is attracting attention. After a comparative analysis, it becomes clear that multiple classical methods with IVIFSs' information have been applied to many practical issues. In this paper, we extended the classical EDAS method based on the Cumulative Prospect Theory (CPT) considering the decision experts (DEs)' psychological factors under IVIFSs. Taking the fuzzy and uncertain character of the IVIFSs and the psychological preference into consideration, an original EDAS method, based on the CPT under IVIFSs (IVIF-CPT-EDAS) method, is created for multiple-attribute group decision making (MAGDM) issues. Meanwhile, the information entropy method is used to evaluate the attribute weight. Finally, a numerical example for Green Technology Venture Capital (GTVC) project selection is given, some comparisons are used to illustrate the advantages of the IVIF-CPT-EDAS method and a sensitivity analysis is applied to prove the effectiveness and stability of this new method. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
08684952
Volume :
35
Issue :
2
Database :
Academic Search Index
Journal :
Informatica
Publication Type :
Academic Journal
Accession number :
177635065
Full Text :
https://doi.org/10.15388/24-INFOR547