Probabilistic double hierarchy linguistic alternative queuing method for real economy development evaluation under the perspective of economic financialization

With the development of science and technology, the new road of scientific economic and financial development has played a decisive role in supporting the financial undertaking. To accelerate the economic development, it is very important to increase the guiding role of financial undertaking in the real economy. Therefore, it is necessary to promote the development of the real economy under the perspective of economic financialization based on some actions. To judge the implementation effect of these actions, this paper develops a multiple criteria decisionmaking (MCDM) method to evaluate them. First, the decisionmaking matrices are established with the probabilistic double hierarchy linguistic term set in which the probabilities are added to all double hierarchy linguistic terms. Additionally, a weightdetermining method is developed to obtain the weight vector of criteria, and we develop a MCDM method named the probabilistic double hierarchy linguistic alternative queuing method (PDHLAQM), where the decision-making result is intuitive by a directed graph or a 0–1 precedence relationship matrix. Furthermore, we apply the PDHL-AQM to solve a practical MCDM problem involving the real economy development evaluation under the perspective of economic financialization. Finally, some comparative analyses are made to show the advantages and reasonableness of the PDHL-AQM

Underground Mining Method Selection With the Hesitant Fuzzy Linguistic Gained and Lost Dominance Score Method

Underground mining method selection is a critical decision problem for available underground ore deposits in exploitation design. As many comprehensive factors, such as physical parameters, economic benefits, and environmental effects, are claimed to be established and a group of experts are involved in the issue, the underground mining method selection is deemed as a multiple experts multiple criteria decision making problem. Classical mining method assessment exists some gaps due to the way of representing opinions. To address this matter, a hesitant fuzzy linguistic gained and lost dominance score method is investigated in this paper. To enhance the flexibility and gain more information, mining planning engineers are allowed to convey their knowledge using hesitant fuzzy linguistic term sets in the underground mining method selection process. A novel score function of hesitant fuzzy linguistic term set is introduced to compare any hesitant fuzzy linguistic term sets. Then, based on the score function, a weight determining function is proposed to calculate the weights of criteria, which can magnify the ‘‘importance’’ and ‘‘unimportance’’ of criteria. To select the mining method, the hesitant fuzzy linguistic gained and dominance score method is developed. A case study concerning selecting a extraction method for a real mine in Yunnan province of China is presented to illustrate the applicability of the proposed method. The effectiveness of the proposed method is finally verified by comparing with other ranking methodsNational Natural Science Foundation of China under Grant 71501135 and Grant 717711562019 Sichuan Planning Project of Social Science under Grant SC18A0072018 Key Project of the Key Research Institute of Humanities and Social Sciences in Sichuan Province under Grant Xq18A01 and Grant LYC18-02Electronic Commerce and Modern Logistics Research Center Program, Key Research Base of Humanities and Social Science, Sichuan Provincial Education Department, under Grant DSWL18-2Spark Project of Innovation, Sichuan University, under Grant 2018hhs-43Scientific Research Foundation for Excellent Young Scholars, Sichuan University, under Grant 2016SCU04A23

A decision-making framework based on the Fermatean hesitant fuzzy distance measure and TOPSIS

A particularly useful assessment tool for evaluating uncertainty and dealing with fuzziness is the Fermatean fuzzy set (FFS), which expands the membership and non-membership degree requirements. Distance measurement has been extensively employed in several fields as an essential approach that may successfully disclose the differences between fuzzy sets. In this article, we discuss various novel distance measures in Fermatean hesitant fuzzy environments as research on distance measures for FFS is in its early stages. These new distance measures include weighted distance measures and ordered weighted distance measures. This justification serves as the foundation for the construction of the generalized Fermatean hesitation fuzzy hybrid weighted distance (DGFHFHWD) scale, as well as the discussion of its weight determination mechanism, associated attributes and special forms. Subsequently, we present a new decision-making approach based on DGFHFHWD and TOPSIS, where the weights are processed by exponential entropy and normal distribution weighting, for the multi-attribute decision-making (MADM) issue with unknown attribute weights. Finally, a numerical example of choosing a logistics transfer station and a comparative study with other approaches based on current operators and FFS distance measurements are used to demonstrate the viability and logic of the suggested method. The findings illustrate the ability of the suggested MADM technique to completely present the decision data, enhance the accuracy of decision outcomes and prevent information loss

Stochastic multiple attribute decision making with Pythagorean hesitant fuzzy set based on regret theory

The objective of this paper is to present an extended approach to address the stochastic multi-attribute decision-making problem. The novelty of this study is to consider the regret behavior of decision makers under a Pythagorean hesitant fuzzy environment. First, the group satisfaction degree of decision-making matrices is used to consider the different preferences of decision-makers. Second, the nonlinear programming model under different statues is provided to compute the weights of attributes. Then, based on the regret theory, a regret value matrix and a rejoice value matrix are constructed. Furthermore, the feasibility and superiority of the developed approach is proven by an illustrative example of selecting an air fighter. Eventually, a comparative analysis with other methods shows the advantages of the proposed methods

A Hesitant Fuzzy Linguistic Multicriteria Decision-Making Method with Interactive Criteria and Its Application to Renewable Energy Projects Selection

A variety of multicriteria decision-making (MCDM) methods for renewable energy projects evaluation have been proposed, of which the premise of using these methods is to assume that the criteria are independent of each other. However, it may be difficult or costly to build independent criteria set in some cases because renewable energy planning is to pursue a balance of economic, social, and environmental goals, which makes the existence of interaction among criteria be of great possibility. In this paper, we consider a highly ambiguous decision situation, where the experts are allowed to give the evaluations in the form of hesitant fuzzy linguistic terms set (HFLTS). We build a hesitant fuzzy linguistic decision-making model handling the interaction among criteria from the perspective of distance measure and apply it to renewable energy projects selection. The proposed method can consider more fuzzy factors and deal with the interaction among criteria more approximately. It can reduce the decision pressure and improve the decision-making efficiency because the decision makers are allowed to express their preference in form of HFLTS and a decision criteria set of which the criteria are independent of each other is not necessary

Research on VIKOR group decision making using WOWA operator based on interval Pythagorean triangular fuzzy numbers

A new decision-making method based on interval Pythagorean triangular fuzzy numbers is proposed for fuzzy information decision-making problems, taking the advantages of interval Pythagorean fuzzy numbers and triangular fuzzy numbers into account. The VIse Kriterijumski Optimizacioni Racun (VIKOR) group decision-making method is based on the Weighted Ordered Weighted Average (WOWA) operator of interval Pythagorean triangular fuzzy numbers (IVPTFWOWA). First, this article provides the definition of the IVPTFWOWA operator and proves its degeneracy, idempotence, monotonicity, and boundedness. Second, the decision steps of the VIKOR decision method using the IVPTFWOWA operator are presented. Finally, the scientificity and effectiveness of the proposed method were verified through case studies and comparative discussions. The research results indicate that the following: (1) the IVPTFWOWA operator combines interval Pythagorean fuzzy numbers and triangular fuzzy numbers, complementing the shortcomings of the two fuzzy numbers, and can characterize fuzzy information on continuous geometry, thereby reducing decision errors caused by inaccurate and fuzzy information; (2) the VIKOR decision-making method based on the IVPTFWOWA operator applies comprehensive weights, fully considering the positional weights of the scheme attributes and the weights of raters, and fully utilizing the attribute features of decision-makers and cases; and (3) compared to other methods, there is a significant gap between the decision results obtained using this method, making it easier to identify the optimal solution

A contribution to consensus modeling in decision-making by means of linguistic assessments

Decision-making is an active field of research. Specifically, in recent times, a lot of contributions have been presented on decision-making under linguistic assessments. To tackle this kind of processes, hesitant fuzzy linguistic term sets have been introduced to grasp the uncertainty inherent in human reasoning when expressing preferences. This thesis introduces an extension of the set of hesitant fuzzy linguistic term sets to capture differences between non-compatible assessments. Based on this extension, a distance between linguistic assessments is defined to quantify differences between several opinions. This distance is used in turn to present a representative opinion from a group in a decision-making process. In addition, different consensus measures are introduced to determine the level of agreement or disagreement within a decision-making group and are used to define a decision maker’s profile to keep track of their dissension with respect to the group as well as their level of hesitancy. Furthermore, with the aim of allowing decision makers to choose the linguistic terms that they feel more comfortable with, the concept of free double hierarchy hesitant fuzzy linguistic term set is developed in this thesis. Finally, a new approach of the TOPSIS methodology for processes in which the assessments are given by means of free double hierarchy hesitant fuzzy information is presented to rank alternatives under these circumstances.Postprint (published version

Integrated Frameworks for Effective Multi-criteria Decision Making in Reliability Centred Maintenance of Industrial Machines

No abstract availabl

An Evaluation of Environmental Governance in Urban China Based on a Hesitant Fuzzy Linguistic Analytic Network Process

The aim of this study is to evaluate the performance of urban environmental governance by developing hesitant fuzzy linguistic analytic network process (HFL-ANP). The study bridges the gaps in current knowledge in the following ways: the study methodically develops the HFL-ANP method to evaluate and pick the optimal environmental governance strategy from alternatives; theoretically, network structure of evaluation indicators system on environmental governance is constructed, and the objective and subjective information in the evaluation process of environmental governance is combined. In detail, based on the environmental Kuznets curve (EKC) and the pollution haven hypothesis, the paper constructs the evaluation indexes system of environmental governance and takes observation time length into consideration. Then, we choose three urban cases of environmental governance by exploring the existing literature. Furthermore, we develop the HFL-ANP method and apply it to the cases. The study calculates the initial weights of all indexes by using multiplicative consistency of the HFL preference relation, and derives the decision matrix through combining objective information with subjective information of environmental governance. Finally, we come to the following conclusions: ANP network stricture is close to real-world practical problems and provides the basis for HFL-ANP method; HFL-ANP is a very suitable method of assessing environmental governance; and based on the urban cases of environmental governance, Shanghai is the optimal alternative. In addition, this indicator system can only be applied to cities in China, and the administrative hierarchy of policies has not been considered by this method. Thus, future studies should expand this method and indicator network to contain different countries and different administrative hierarchy