Heterogeneous group decision making with thermodynamical parameters

There often exist different types of information due to the subjective and objective criteria in practical decision-making problems, thus it is necessary to develop some efficient frameworks to deal with the decision-making problems with heterogeneous information. The paper proposes a framework for group decisionmaking problems with heterogeneous information with thermodynamical parameters consisting of three parts to achieving this goal. The first part builds the rectifications of criteria weights according to decision makers’ confidence in evaluations. The second part adopts thermodynamical parameters to measure the numerical values and the data distribution of heterogeneous information to characterize the heterogeneous information fully. The last part applies the TODIM (an acronym in Portuguese for Interactive and Multicriteria Decision Making) to aggregate the decision-making results based on the characterized heterogeneous information without transforming it into a unified form. By depicting decision makers’ different sensitive attitudes towards uncertainty by several mathematical expressions, experiments are performed to assess the sensitive attitudes’ impacts on decisionmaking results with the proposed framework. Finally, a case study on the selection of a green supplier under the low-carbon economy is provided to illustrate the flexibility and feasibility of the proposed framework

Combining mixed logit models and random effects models to identify the determinants of willingness to pay for rural landscape improvements

This paper reports the findings from a discrete choice experiment study designed to estimate the economic benefits associated with rural landscape improvements in Ireland. Using a mixed logit model, the panel nature of the dataset is exploited to retrieve willingness to pay values for every individual in the sample. This departs from customary approaches in which the willingness to pay estimates are normally expressed as measures of central tendency of an a priori distribution. In a different vein from analysis conducted in previous discrete choice experiment studies, this paper uses random effects models for panel data to identify the determinants of the individual-specific willingness to pay estimates. In comparison with the standard methods used to incorporate individual-specific variables into the analysis of discrete choice experiments, the analytical approach outlined in this paper is shown to add considerably more validity and explanatory power to welfare estimatesAgri-environment, discrete choice experiments, mixed logit, panel data, random effects, willingness to pay, Demand and Price Analysis, Environmental Economics and Policy, C33, C35, Q24, Q51,

Large-scale consensus with endo-confidence under probabilistic linguistic circumstance and its application

In real decision-making problems, decision makers (DMs) usually select the most potential project from several ones. However, they unconsciously show different confidence levels in decisionmaking process because they come from various backgrounds and have different experiences, etc., which affects the decision results. Moreover, the probabilistic linguistic term set, which not only includes the linguistic expressions used by DMs in their daily life but also contains the probability for each linguistic term, can well portray the real perceptions of DMs for the projects. Furthermore, large-scale consensus has gradually been a popular way to effectively solve complex decision-making problems. To sum up, in this paper, we are dedicated to constructing a largescale consensus model considering the confidence levels of DMs under probabilistic linguistic circumstance. Firstly, the endo-confidence is defined and measured by DM’s probabilistic linguistic information. Then, the DMs are clustered according to the similarities of both evaluation information and the endo-confidence levels. Both evaluation of the non-consensus cluster and evaluation integrated by the clusters with higher endo-confidence level than this non-consensus cluster are used as the reference to adjust its evaluation information. Then, a case study and the comparative analysis are carried out. Finally, some conclusions and future work are given