Parameter-Free Elicitation of Utility and Probability Weighting Functions
Management Science
Fuzzy Optimization and Decision Making
Induced uncertain linguistic OWA operators applied to group decision making
Information Fusion
Fuzzy aggregation and averaging for group decision making: A generalization and survey
Knowledge-Based Systems
Short communication: A novel method for hybrid multiple attribute decision making
Knowledge-Based Systems
Decider: A fuzzy multi-criteria group decision support system
Knowledge-Based Systems
Prospect theory based multi-criteria decision making method
CCDC'09 Proceedings of the 21st annual international conference on Chinese control and decision conference
Algorithms for fuzzy multi expert multi criteria decision making (ME-MCDM)
Knowledge-Based Systems
A compensatory model for computing with words under discrete labels and incomplete information
Knowledge-Based Systems
A linguistic aggregation operator with three kinds of weights for nuclear safeguards evaluation
Knowledge-Based Systems
Combining prospect theory and fuzzy numbers to multi-criteria decision making
Expert Systems with Applications: An International Journal
A linguistic decision support model for QoS priorities in networking
Knowledge-Based Systems
Computers & Mathematics with Applications
Group consensus based on evidential reasoning approach using interval-valued belief structures
Knowledge-Based Systems
Group decision making with distance measures and probabilistic information
Knowledge-Based Systems
Extended TODIM method for hybrid multiple attribute decision making problems
Knowledge-Based Systems
Journal of Intelligent & Fuzzy Systems: Applications in Engineering and Technology - Computational intelligence models for image processing and information reasoning
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With respect to risk decision making problems with interval probability in which the attribute values take the form of the uncertain linguistic variables, a multi-attribute decision making method based on prospect theory is proposed. To begin with, the uncertain linguistic variables can be transformed into the trapezoidal fuzzy number, and the prospect value function of the trapezoidal fuzzy number based on the decision-making reference point of each attribute and the weight function of interval probability can be constructed; then the prospect value of attribute for every alternative is calculated through prospect value function of the trapezoidal fuzzy number and the weight function of interval probability, and the weighted prospect value of alternative is acquired by using weighted average method according to attribute weights, and all the alternatives are sorted according to the expected values of the weighted prospect values; Finally, an illustrate example is given to show the decision-making steps, the influence on decision making for different parameters of value function and different decision-making reference point, and the feasibility of the method.