Decision-Making Method of Interval Number Reciprocal and Complementary Comparison Matrix

2012 ◽  
pp. 27-62
Keyword(s):  
Decision Making ◽  
Interval Number ◽  
Comparison Matrix

scholarly journals Risky Multi-Attribute Decision-Making Method Based on the Interval Number of Normal Distribution

Symmetry ◽  
2020 ◽  
Vol 12 (2) ◽  
pp. 264
Author(s):  
Sha Fu ◽  
Xi-Long Qu ◽  
Ye-Zhi Xiao ◽  
Hang-Jun Zhou ◽  
Guo-Bing Fan
Keyword(s):  
Decision Making ◽  
Normal Distribution ◽  
Interval Number ◽  
Information Environment ◽  
Decision Makers ◽  
Standard Normal Distribution ◽  
Risky Decision ◽  
Possibility Degree ◽  
Standard Normal ◽  
Multi Attribute Decision Making

Focusing on risky decision-making problems taking the interval number of normal distribution as the information environment, this paper proposes a decision-making method based on the interval number of normal distribution. Firstly, the normalized matrix based on the decision maker’s attitude is obtained through analysis and calculation. Secondly, according to the existing properties of standard normal distribution, the risk preference factors of the decision makers are considered to confirm the possibility degree of each scheme. The possibility degree is then used for establishing a possibility degree matrix and, consequently, sequencing of all schemes is conducted according to existing theories of possibility degree meaning and the value size of possibility degree. Finally, the feasibility and validity of this method is verified through calculation example analysis.

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