Projection-based probabilistic linguistic multi-criteria decision-making method for new energy project selection

2021 ◽  
pp. 1-16
Author(s):  
Min-Hui Deng ◽  
Xiao-Yu Zhou ◽  
Jian-Qiang Wang ◽  
Jun-Bo Li ◽  
Peng-Fei Cheng
Keyword(s):  
Decision Making ◽  
Numerical Study ◽  
Project Selection ◽  
Decision Makers ◽  
Maximum Deviation ◽  
Multi Criteria Decision Making ◽  
Uncertain Information ◽  
Projection Model ◽  
Energy Projects ◽  
New Energy

The development of new energy industry is a pressing issue due to the deterioration of the environment. The selection of new energy projects is a critical problem for decision makers. Incomplete and uncertain information appears in the process of new energy project selection. Compared with other linguistic expressions, probabilistic linguistic term set (PLTS) simultaneously reflects all possible linguistic terms and their corresponding weights, which conforms to the cognitive habits of people. Thus, a multi-criteria decision-making framework under PLTS environment is constructed for energy project selection. Firstly, a normalised projection model of PLTS, which considers the distance and the angle between two objects, is proposed to overcome the limitations of distance measurement. Secondly, a comprehensive weight-determination method combining the maximum deviation and expert scoring methods is developed to calculate the weight vector of the criteria. Furthermore, a projection-based VIKOR (Višekriterijumska optimizacija i kompromisno rešenje) method is established to select new energy projects, which can reflect the preferences of decision makers for group utility and individual regret. Finally, a numerical study on new energy project selection is performed to determine the validity and applicability of this method. Sensitive and comparative analyses are also conducted to reflect the rationality and feasibility of the method.

A GMCDM approach with linguistic Z-numbers based on TOPSIS and Choquet integral considering risk preference

2020 ◽  
Vol 39 (3) ◽  
pp. 4285-4298
Author(s):  
Ran Tao ◽  
Fuyuan Xiao
Keyword(s):  
Decision Making ◽  
Supplier Selection ◽  
Choquet Integral ◽  
Risk Preference ◽  
Decision Makers ◽  
Multi Criteria Decision Making ◽  
Uncertain Information ◽  
Human Knowledge ◽  
Mcdm Method ◽  
Evaluation Information

Group multi-criteria decision-making (GMCDM) is an important part of decision theory, which is aimed to assess alternatives according to multiple criteria by collecting the wisdom of experts. However, in the process of evaluating, because of the limitation of human knowledge and the complexity of problems, an efficient GMCDM approach under uncertain environment still need to be further explored. Thus, in this paper, a novel GMCDM approach with linguistic Z-numbers based on TOPSIS and Choquet integral is proposed. Firstly, since linguistic Z-numbers performs better in coping with uncertain information, it is used to express the evaluation information. Secondly, TOPSIS, one of the most useful and systematic multi-criteria decision-making (MCDM) method, is adopted as the framework of the proposed approach. Thirdly, frequently it exists interaction between criteria, so Choquet integral is introduced to capture this kind of influence. What’s more, viewing that decision makers (DMs) show different preferences for uncertainty, the risk preference is regarded as a vital parameter when calculating the score of linguistic Z-numbers. An application in supplier selection is illustrated to demonstrate the effectiveness of the proposed approach. Finally, a further comparison and discussion of the proposed GMCDM method is given.

scholarly journals An Overview of Multi-Criteria Decision-Making Methods in Dealing with Sustainable Energy Development Issues

Energies ◽  
2018 ◽  
Vol 11 (10) ◽  
pp. 2754 ◽  
Author(s):  
Indre Siksnelyte ◽  
Edmundas Zavadskas ◽  
Dalia Streimikiene ◽  
Deepak Sharma
Keyword(s):  
Decision Making ◽  
Swot Analysis ◽  
Sustainable Energy ◽  
Energy Development ◽  
Decision Makers ◽  
Multi Criteria Decision Making ◽  
Energy Sustainability ◽  
Widespread Application ◽  
Sustainability Problems ◽  
Scientific Achievements

The measurement of sustainability is actively used today as one of the main preventative instruments in order to reduce the decline of the environment. Sustainable decision-making in solving energy issues can be supported and contradictory effects can be evaluated by scientific achievements of multi-criteria decision-making (MCDM) techniques. The main goal of this paper is to overview the application of decision-making methods in dealing with sustainable energy development issues. In this study, 105 published papers from the Web of Science Core Collection (WSCC) database are selected and reviewed, from 2004 to 2017, related to energy sustainability issues and MCDM methods. All the selected papers were categorized into 9 fields by the application area and into 10 fields by the used method. After the categorization of the scientific articles and detailed analysis, SWOT analysis of MCDM approaches in dealing with sustainable energy development issues is provided. The widespread application and use of MCDM methods confirm that MCDM methods can help decision-makers in solving energy sustainability problems and are highly popular and used in practice.

Some Conflicting Results in the Analytic Hierarchy Process

2019 ◽  
Vol 18 (02) ◽  
pp. 465-486 ◽  
Author(s):  
Ardalan Bafahm ◽  
Minghe Sun
Keyword(s):  
Decision Making ◽  
Analytic Hierarchy Process ◽  
Decision Makers ◽  
Unexpected Result ◽  
Multi Criteria Decision Making ◽  
Analytic Hierarchy ◽  
Preference Relations ◽  
The Analytic Hierarchy Process ◽  
Hierarchy Process

The analytic hierarchy process (AHP) has been believed to be one of the most pragmatic and widely accepted methods for multi-criteria decision making. However, there have been various criticisms of this method within the last four decades. In this study, the results of AHP contradicting common expectations are examined for both the distributive and ideal modes. Specifically, conflicting priorities, conflicting decisions, and conflicting preference relations are investigated. A decision-making scenario is used throughout the paper and an illustrative example constructed from the decision-making scenario is provided to demonstrate each of the conflicting results recommended by AHP. With a parametric formulation of each unexpected result, the possibility of unexpected results of AHP is generalized irrespective of applying the distributive or ideal mode. The logic and causes of these contradictions are also analyzed. This study shows that AHP is not always reliable, and could lead the decision makers towards incorrect decisions.

Multi-Criteria Decision-Making Model using Intuitionistic Fuzzy Entropy and Variable Weight Theory

Mekatronika ◽  
2021 ◽  
Vol 3 (1) ◽  
pp. 18-25
Author(s):  
Omar Ayasrah ◽  
Faiz Mohd Turan
Keyword(s):  
Decision Making ◽  
Fuzzy Entropy ◽  
Decision Makers ◽  
Entropy Measure ◽  
Multi Criteria Decision Making ◽  
Intuitionistic Fuzzy ◽  
Variable Weight ◽  
Intuitionistic Fuzzy Entropy ◽  
Perform Sensitivity Analysis ◽  
Almost All

The aim of this research is to develop a new multi-criteria decision-making method that integrates an intuitionistic fuzzy entropy measure and variable weight theory to be implemented in different fields to provide a solution for MCDM problems when the available information is incomplete. A limited number of studies have considered determining decision maker’s weights by performing objective techniques, and almost all of these researches detected a constant weights for the decision makers. In addition, most of the MCDM studies were not formulated to perform sensitivity analysis. The new method is based on the TOPSIS model with an intuitionistic fuzzy entropy measure in the exponential-related function form and the engagement of the variable weight theory to determine weights for the decision-makers that vary as per attibutes. Lastly, a mathematical model was developed in this research to be as an input for developing the mobile-aplication based method in future for virtual use of the new MCDM method.

A Multi-Criteria Intuitionistic Fuzzy Group Decision Making Method for Supplier Selection with VIKOR Method

2012 ◽  
pp. 967-983
Author(s):  
Razieh Roostaee ◽  
Mohammad Izadikhah ◽  
Farhad Hosseinzadeh Lotfi ◽  
Mohsen Rostamy-Malkhalifeh
Keyword(s):  
Decision Making ◽  
Group Decision Making ◽  
Supplier Selection ◽  
Group Decision ◽  
Decision Makers ◽  
Uncertain Information ◽  
Vikor Method ◽  
Intuitionistic Fuzzy Numbers ◽  
Intuitionistic Fuzzy ◽  
The Right

Supplier selection, the process of finding the right suppliers who are able to provide the buyer with the right quality products and/or services at the right price, at the right time and in the right quantities, is one of the most critical activities for establishing an effective supply chain, and is typically a multi-criteria group decision problem. In many practical situations, there usually exists incomplete and uncertain information, and the decision makers cannot easily express their judgments on the candidates with exact and crisp values. Therefore, in this paper an extended VIKOR method for group decision making with intuitionistic fuzzy numbers is proposed to solve the supplier selection problem under incomplete and uncertain information environment. In other researches in this area, the weights of each decision makers and in many of them the weights of criteria are pre-determined, but these weights have been calculated in this paper by using the decision matrix of each decision maker. Also, normalized Hamming distance is proposed to calculate the distance between intuitionistic fuzzy numbers. Finally, a numerical example for supplier selection is given to clarify the main results developed in this paper.

A Decision Model for Selecting the Optimum Oil Production Profile Using Multi Criteria Decision Making and Social Choice Theory

2014 ◽  
Author(s):  
Samira Keivanpour ◽  
Hassan Haleh ◽  
Hamed Shakouri Ganjavi
Keyword(s):  
Decision Making ◽  
Social Choice ◽  
Choice Theory ◽  
Social Choice Theory ◽  
Oil Field ◽  
Decision Makers ◽  
Multi Criteria Decision Making ◽  
Statistic Model ◽  
Development Plans ◽  
Decision Making Model

Applying a MCDM model has many benefits for decision makers in the course of oil field master development plans preparation and evaluation. In this study, a multi-criteria decision making model is proposed in order to achieve an optimum production profile. The most important criteria and parameters for selection of best production profile are identified. These parameters are derived by several interviews with Iranian oil Industry’s experts. The candidate alternatives for production profile are ranked using a combination of group decision making approach and social choice theory. The degree of group consensus is evaluated by using a statistic model to confirm the validity of decision making model.

scholarly journals Single-Valued Neutrosophic Power Shapley Choquet Average Operators and Their Applications to Multi-Criteria Decision-Making

Mathematics ◽  
2019 ◽  
Vol 7 (11) ◽  
pp. 1081 ◽  
Author(s):  
Peng ◽  
Tian ◽  
Zhang ◽  
Song ◽  
Wang
Keyword(s):  
Decision Making ◽  
Programming Model ◽  
Aggregation Operator ◽  
Aggregation Operators ◽  
Decision Makers ◽  
Multi Criteria Decision Making ◽  
Neutrosophic Sets ◽  
Preference Information ◽  
Fuzzy Measures ◽  
Correlative Relationship

Single-valued neutrosophic sets (SVNSs), which involve in truth-membership, indeterminacy-membership and falsity-membership, play a significant role in describing the decision-makers’ preference information. In this study, a single-valued neutrosophic multi-criteria decision-making (MCDM) approach is developed based on Shapley fuzzy measures and power aggregation operator that takes a correlative relationship among criteria into account and also simultaneously reduces the effects of abnormal preference information. Firstly, two aggregation operators, namely, generalized weighted single-valued neutrosophic power Shapley Choquet average (GWSVNPSCA) operator and generalized weighted single-valued neutrosophic power Shapley Choquet geometric (GWSVNPSCG) operator, are accordingly defined, and the corresponding properties are discussed as well. Secondly, based on the proposed aggregation operators, an integrated MCDM approach is proposed to effectively solve single-valued neutrosophic problems where the weight information is incompletely known. A programming model is constructed to obtain the optimal Shapley fuzzy measure. Next, the proposed operators are utilized to aggregate the decision-makers’ preference information. Finally, a theoretical example with tourism attraction selection is provided to examine the efficacy of the developed approach, in which the results is found reasonable and credible.

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