Multiple attribute decision making based on fuzzy preference information on alternatives: Ranking and weighting

  • Authors:
  • Ying-Ming Wang;Celik Parkan

  • Affiliations:
  • Manchester Business School, The University of Manchester, P.O. Box 88, Manchester M60 1QD, UK and School of Public Administration, Fuzhou University, Fuzhou 350002, PR China and Center for Account ...;Department of Management, C.W. Post Campus, Long Island University, 720 Northern Blvd., Brookville, NY 11548, USA

  • Venue:
  • Fuzzy Sets and Systems
  • Year:
  • 2005

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Abstract

This paper investigates the multiple attribute decision making (MADM) problem with fuzzy preference information on alternatives and proposes an eigenvector method to rank them. Three optimization models are introduced to assess the relative importance weights of attributes in a MADM problem, which integrate subjective fuzzy preference relations and objective information in different ways. Since the decisions these models lead to are based on both subjective and objective information, they are more balanced and credible than those that consider only one type of information. An example is provided to illustrate the application of the proposed models.