An overview on managing additive consistency of reciprocal preference relations for consistency-driven decision making and Fusion: Taxonomy and future directions

The file attached to this record is the author's final peer reviewed version. The Publisher's final version can be found by following the DOI link.The reciprocal preference relation (RPR) is a powerful tool to represent decision makers’ preferences in decision making problems. In recent years, various types of RPRs have been reported and investigated, some of them being the ‘classical’ RPRs, interval-valued RPRs and hesitant RPRs. Additive consistency is one of the most commonly used property to measure the consistency of RPRs, with many methods developed to manage additive consistency of RPRs. To provide a clear perspective on additive consistency issues of RPRs, this paper reviews the consistency measurements of the different types of RPRs. Then, consistency-driven decision making and information fusion methods are also reviewed and classified into four main types: consistency improving methods; consistency-based methods to manage incomplete RPRs; consistency control in consensus decision making methods; and consistency-driven linguistic decision making methods. Finally, with respect to insights gained from prior researches, further directions for the research are proposed

ELECTRE I Method Using Hesitant Linguistic Term Sets: An Application to Supplier Selection

Decision making is a common process in human activities. Every person or organization needs to make decisions besides dealing with uncertainty and vagueness associated with human cognition. The theory of fuzzy logic provides a mathematical base to model the uncertainities. Hesitant fuzzy linguistic term set (HFLTS) creates an appropriate method to deal with uncertainty in decision making. Managerial decision making generally implies that decision making process conducts multiple and conflicting criteria. Multi criteria decision analysis (MCDA) is a widely applied decision making method. Outranking methods are one type of MCDA methods which facilitate the decision making process through comparing binary relations in order to rank the alternatives. Elimination et Choix Traduisant la Réalité (ELECTRE), means elimination and choice that translates reality, is an outranking method. In this paper, an extended version of ELECTRE I method using HFLTS is proposed. Finally, a real case problem is provided to illustrate the HFLTS-ELECTRE I method

A GRP-basedHesitant Fuzzy Multiple Attribute Decision MakingMethod and Its Application to E-Commerce Risk Assessment

With respect to multiple attribute decision making (MADM) problems in which the attribute values take the form of hesitant fuzzy elements, the traditional grey relational projection (GRP) method is extended to solve multiple attribute decision making problems under hesitant fuzzy environment. Based on the hesitant fuzzy decision matrix provided by decision makers, all feasible alternatives are ranked according to the descending order of relative grey relational projections, and the most desirable alternative(s) should have the largest grey relational projection on positive ideal solution and the smallest grey relational projection on negative ideal solution. Finally, a numerical example of e-commerce risk assessment is given to illustrate the application of the proposed method

Fuzzy Techniques for Decision Making 2018

Zadeh's fuzzy set theory incorporates the impreciseness of data and evaluations, by imputting the degrees by which each object belongs to a set. Its success fostered theories that codify the subjectivity, uncertainty, imprecision, or roughness of the evaluations. Their rationale is to produce new flexible methodologies in order to model a variety of concrete decision problems more realistically. This Special Issue garners contributions addressing novel tools, techniques and methodologies for decision making (inclusive of both individual and group, single- or multi-criteria decision making) in the context of these theories. It contains 38 research articles that contribute to a variety of setups that combine fuzziness, hesitancy, roughness, covering sets, and linguistic approaches. Their ranges vary from fundamental or technical to applied approaches

RISK PRIORITY EVALUATION OF POWER TRANSFORMER PARTS BASED ON HYBRID FMEA FRAMEWORK UNDER HESITANT FUZZY ENVIRONMENT

The power transformer is one of the most critical facilities in the power system, and its running status directly impacts the power system's security. It is essential to research the risk priority evaluation of the power transformer parts. Failure mode and effects analysis (FMEA) is a methodology for analyzing the potential failure modes (FMs) within a system in various industrial devices. This study puts forward a hybrid FMEA framework integrating novel hesitant fuzzy aggregation tools and CRITIC (Criteria Importance Through Inter-criteria Correlation) method. In this framework, the hesitant fuzzy sets (HFSs) are used to depict the uncertainty in risk evaluation. Then, an improved HFWA (hesitant fuzzy weighted averaging) operator is adopted to fuse risk evaluation for FMEA experts. This aggregation manner can consider different lengths of HFSs and the support degrees among the FMEA experts. Next, the novel HFWGA (hesitant fuzzy weighted geometric averaging) operator with CRITIC weights is developed to determine the risk priority of each FM. This method can satisfy the multiplicative characteristic of the RPN (risk priority number) method of the conventional FMEA model and reflect the correlations between risk indicators. Finally, a real example of the risk priority evaluation of power transformer parts is given to show the applicability and feasibility of the proposed hybrid FMEA framework. Comparison and sensitivity studies are also offered to verify the effectiveness of the improved risk assessment approach

Managing Incomplete Preference Relations in Decision Making: A Review and Future Trends

In decision making, situations where all experts are able to efficiently express their preferences over all the available options are the exception rather than the rule. Indeed, the above scenario requires all experts to possess a precise or sufficient level of knowledge of the whole problem to tackle, including the ability to discriminate the degree up to which some options are better than others. These assumptions can be seen unrealistic in many decision making situations, especially those involving a large number of alternatives to choose from and/or conflicting and dynamic sources of information. Some methodologies widely adopted in these situations are to discard or to rate more negatively those experts that provide preferences with missing values. However, incomplete information is not equivalent to low quality information, and consequently these methodologies could lead to biased or even bad solutions since useful information might not being taken properly into account in the decision process. Therefore, alternative approaches to manage incomplete preference relations that estimates the missing information in decision making are desirable and possible. This paper presents and analyses methods and processes developed on this area towards the estimation of missing preferences in decision making, and highlights some areas for future research