NORTH- HOIJ-AND Development and Evaluation of Five Fuzzy Multiattribute Decision-Making Methods

We present the development of five fuzzy multiattribute decision-making methods. These methods are based on the analytic hierarchy process (original and ideal mode), the weighted-sum model, the weighted-product model, and the TOPSlS method. Moreover, these methods are examined in terms of two evaluative criteria. Computational results on test problems suggest that although all the methods are inaccurate, some of them seem to be more accurate than the others. The proposed evaluation methodology can easily be used in evaluating more fuzzy multiattribute decision making methods

Development of Interactive Support Systems for Multiobjective Decision Analysis under Uncertainty

This paper presents interactive multiobjective decision analysis support systems, called MIDASS, which is a newly developed interactive computer program for strategic use of expected utility theory. Decision analysis based on expected utility hypothesis is an established prescriptive approach for supporting business decisions under uncertainty, which embodies an effective procedure for seeking the best choice among alternatives. It is usually difficult, however, for the decision maker (DM) to apply it for the strategic use in the realistic business situations. MIDASS provides an integrated interactive computer system for supporting multiobjective decision analysis under uncertainty, which assists to derive an acceptable business solution for DM with the construction of his/her expected multiattribute utility fuction (EMUF).expected multiobjective decision analysis, MIDASS, expected multiattribute utility function (EMUF), intelligent decision support systems (IDSS).

Simulation-based evaluation of defuzzification-based approaches to fuzzy multi-attribute decision making

This paper presents a simulation-based study to evaluate the performance of 12 defuzzification-based approaches for solving the general fuzzy multiattribute decision-making (MADM) problem requiring cardinal ranking of decision alternatives. These approaches are generated based on six defuzzification methods in conjunction with the simple additive weighting (SAW) method and the technique for order preference by similarity to the ideal solution method. The consistency and effectiveness of these approaches are examined in terms of four new objective performance measures, which are based on five evaluation indexes. The Simulation result shows that the approaches, which are capable of using all the available information on fuzzy numbers, effectively in the defuzzification process, produce more consistent ranking outcomes. In particular, the SAW method with the degree of dominance defuzzification is proved to be the overall best performed approach, which is, followed by the SAW method with the area center defuzzification. These findings are of practical significance in real-world settings where the selection of the defuzzification-based approaches is required in solving the general fuzzy MADM problems under specific decision contexts

Modelling and optimizing multiple attribute decisions by using fuzzy sets

The purpose of this paper is to present a coherent perspective of modeling and optimizing multiple attribute decisions by using fuzzy sets. In management practice we face most of the time the situation in which a problem have several possible solutions and each solution can be analyzed using multiple criteria models. In the same time, in real life decision making process there is a given level of uncertainty which makes difficult a clear cut analytical analysis. The object of this article is to build a model approach for making multiple criteria decision using fuzzy sets of objects. Elaborating multiple attribute decisions involves performing an assessment and selecting from a given and finite set of possible alternative courses of action in the presence of a given and finite, and usually conflicting set of attributes and criteria.decision making, fuzzy sets, modeling, multiple criteria optimization.