scholarly journals Equitable Preference Relations on Infinite Utility Streams

2020 ◽  
Author(s):  
Ram Sewak Dubey ◽  
Giorgio Laguzzi
Keyword(s):  
Preference Relations ◽  
Infinite Utility Streams

Decision making based on intuitionistic fuzzy preference relations with additive approximate consistency

2020 ◽  
Vol 39 (3) ◽  
pp. 4041-4058
Author(s):  
Fang Liu ◽  
Xu Tan ◽  
Hui Yang ◽  
Hui Zhao
Keyword(s):  
Decision Making ◽  
Decision Makers ◽  
Real Interval ◽  
Preference Relations ◽  
Intuitionistic Fuzzy ◽  
Proposed Model ◽  
Fuzzy Preference Relations ◽  
Novel Concept ◽  
Fuzzy Weights ◽  
Fuzzy Preference

Intuitionistic fuzzy preference relations (IFPRs) have the natural ability to reflect the positive, the negative and the non-determinative judgements of decision makers. A decision making model is proposed by considering the inherent property of IFPRs in this study, where the main novelty comes with the introduction of the concept of additive approximate consistency. First, the consistency definitions of IFPRs are reviewed and the underlying ideas are analyzed. Second, by considering the allocation of the non-determinacy degree of decision makers’ opinions, the novel concept of approximate consistency for IFPRs is proposed. Then the additive approximate consistency of IFPRs is defined and the properties are studied. Third, the priorities of alternatives are derived from IFPRs with additive approximate consistency by considering the effects of the permutations of alternatives and the allocation of the non-determinacy degree. The rankings of alternatives based on real, interval and intuitionistic fuzzy weights are investigated, respectively. Finally, some comparisons are reported by carrying out numerical examples to show the novelty and advantage of the proposed model. It is found that the proposed model can offer various decision schemes due to the allocation of the non-determinacy degree of IFPRs.

Sensitivity of Stationary Equitable Preferences

2017 ◽  
Author(s):  
Tapan Mitra
Keyword(s):  
Finite Number ◽  
Social Preference ◽  
Social Preferences ◽  
Principal Result ◽  
Fundamental Difficulty ◽  
The Future ◽  
Utility Stream ◽  
Preference Orders ◽  
Infinite Utility Streams

The paper studies the sensitivity implications of the class of monotone social preference orders on infinite utility streams which satisfy the axioms of Equity (Finite Anonymity) and Stationarity (Independent Future). The principal result of this investigation is that representability of such preference orders implies a certain lack of sensitivity to the utility stream of any finite number of generations, which we refer to as ‘insensitivity to the present’. Our result points to a fundamental difficulty in implementing the sustainability principle, which requires intertemporal social preferences to reflect fairly the interests of the generations in the present and in the future.

Expected consistency-based model and multiplicative DEA cross-efficiency for group decision-making with incomplete distribution linguistic preference relations

2021 ◽  
pp. 1-21
Author(s):  
Jinpei Liu ◽  
Longlong Shao ◽  
Ligang Zhou ◽  
Feifei Jin
Keyword(s):  
Decision Making ◽  
Group Decision Making ◽  
Optimization Model ◽  
Group Decision ◽  
Preference Relation ◽  
Preference Relations ◽  
Priority Vector ◽  
Linguistic Preference Relation ◽  
Multiplicative Preference Relations ◽  
High Consistency

Faced with complex decision problems, Distribution linguistic preference relation (DLPR) is an effective way for decision-makers (DMs) to express preference information. However, due to the complexity of the decision-making environment, DMs may not be able to provide complete linguistic distribution for all linguistic terms in DLPRs, which results in incomplete DLPRs. Therefore, in order to solve group decision-making (GDM) with incomplete DLPRs, this paper proposes expected consistency-based model and multiplicative DEA cross-efficiency. For a given incomplete DLPRs, we first propose an optimization model to obtain complete DLPR. This optimization model can evaluate the missing linguistic distribution and ensure that the obtained DLPR has a high consistency level. And then, we develop a transformation function that can transform DLPRs into multiplicative preference relations (MPRs). Furthermore, we design an improved multiplicative DEA model to obtain the priority vector of MPR for ranking all alternatives. Finally, a numerical example is provided to show the rationality and applicability of the proposed GDM method.

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