Journal ArticleDOI
Extended TODIM method for hybrid multiple attribute decision making problems
TLDR
An extended TODIM method is proposed to solve the hybrid MADM problem and two numerical examples are used to illustrate the use of the proposed method.Abstract:
TODIM (an acronym in Portuguese of interactive and multiple attribute decision making) is a method for solving the multiple attribute decision making (MADM) problem considering decision maker's (DM's) behavior, in which the attribute values are in the format of crisp numbers. It cannot be used to handle hybrid MADM problems with various formats of attribute values. In this paper, an extended TODIM method is proposed to solve the hybrid MADM problem. First, three formats of attribute values (crisp numbers, interval numbers and fuzzy numbers) are expressed in the format of random variables with cumulative distribution functions. Then, according to the concept of the classical TODIM method, the gain and loss matrices concerning each attribute are constructed by calculating the gain and loss of each alternative relative to the others. Further, by calculating the dominance degree of each alternative over the others, the overall value of each alternative can be obtained to rank the alternatives. Finally, two numerical examples are used to illustrate the use of the proposed method.read more
Citations
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Journal ArticleDOI
Sustainable supplier selection in healthcare industries using a new MCDM method: Measurement of alternatives and ranking according to COmpromise solution (MARCOS)
TL;DR: A new Measurement of Alternatives and Ranking according to COmpromise Solution (MARCOS) method for a sustainable supplier selection in the healthcare industry (in a polyclinic) in Bosnia and Herzegovina is developed and shows that A2 remains the best alternative.
Journal ArticleDOI
Pythagorean fuzzy TODIM approach to multi-criteria decision making
Peijia Ren,Zeshui Xu,Xunjie Gou +2 more
TL;DR: This paper first extends the TODIM approach to solve the MCDM problems with Pythagorean fuzzy information, and conducts simulation tests to analyze how the risk attitudes of the decision makers exert the influence on the results of M CDM under uncertainty.
Journal ArticleDOI
An extended TODIM multi-criteria group decision making method for green supplier selection in interval type-2 fuzzy environment
TL;DR: The TODIM (an acronym in Portuguese of interactive and multi-criteria decision making) technique is extended to solve MCGDM problems within the context of interval type-2 fuzzy sets (IT2FSs) and presented its application to green supplier selection problem.
Journal ArticleDOI
The TODIM analysis approach based on novel measured functions under hesitant fuzzy environment
Xiaolu Zhang,Zeshui Xu +1 more
TL;DR: The TODIM (an acronym in Portuguese of interactive and multi-criteria decision making) method is extended, which is based on prospect theory and can effectively capture the decision maker's psychological behavior, to solve this type of problems under hesitant fuzzy environment.
Journal ArticleDOI
A Hesitant Fuzzy Linguistic TODIM Method Based on a Score Function
TL;DR: The classical TODIM (an acronym in Portuguese of interactive and multi-criteria decision-making) method is extended to solve MCDM problems dealing with HFLTSs and considering the decision maker's psychological behavior.
References
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Book ChapterDOI
Prospect theory: an analysis of decision under risk
Daniel Kahneman,Amos Tversky +1 more
TL;DR: In this paper, the authors present a critique of expected utility theory as a descriptive model of decision making under risk, and develop an alternative model, called prospect theory, in which value is assigned to gains and losses rather than to final assets and in which probabilities are replaced by decision weights.
Journal ArticleDOI
Prospect theory: analysis of decision under risk
Daniel Kahneman,Amos Tversky +1 more
Journal ArticleDOI
Advances in prospect theory: cumulative representation of uncertainty
Amos Tversky,Daniel Kahneman +1 more
TL;DR: Cumulative prospect theory as discussed by the authors applies to uncertain as well as to risky prospects with any number of outcomes, and it allows different weighting functions for gains and for losses, and two principles, diminishing sensitivity and loss aversion, are invoked to explain the characteristic curvature of the value function and the weighting function.
BookDOI
Multiple criteria decision analysis: state of the art surveys
TL;DR: In this article, the authors present a survey of the state of the art in multiple criterion decision analysis (MCDA) with an overview of the early history and current state of MCDA.
Book
Multiple Criteria Decision Analysis: An Integrated Approach
TL;DR: This book is not only a theoretical document, but also provides good coverage of practical issues and can be recommended to a broad audience, ranging from those in academic institutions to practitioners, as well as those who are interested in finding information on multiple criteria approaches, methods and techniques.