Optimization for Decision Making II

In the current context of the electronic governance of society, both administrations and citizens are demanding the greater participation of all the actors involved in the decision-making process relative to the governance of society. This book presents collective works published in the recent Special Issue (SI) entitled “Optimization for Decision Making II”. These works give an appropriate response to the new challenges raised, the decision-making process can be done by applying different methods and tools, as well as using different objectives. In real-life problems, the formulation of decision-making problems and the application of optimization techniques to support decisions are particularly complex and a wide range of optimization techniques and methodologies are used to minimize risks, improve quality in making decisions or, in general, to solve problems. In addition, a sensitivity or robustness analysis should be done to validate/analyze the influence of uncertainty regarding decision-making. This book brings together a collection of inter-/multi-disciplinary works applied to the optimization of decision making in a coherent manner

A bi-objective score-variance based linear assignment method for group decision making with hesitant fuzzy linguistic term sets

open access articleDecision makers usually prefer to express their preferences by linguistic variables. Classic fuzzy sets allowed expressing these preferences using a single linguistic value. Considering inevitable hesitancy of decision makers, hesitant fuzzy linguistic term sets allowed them to express individual evaluation using several linguistic values. Therefore, these sets improve the ability of humans to determine believes using their own language. Considering this feature, in this paper a method upon linear assignment method is proposed to solve group decision making problems using this kind of information, when criteria weights are known or unknown. The performance of the proposed method is illustrated in a numerical example and the results are compared with other methods to delineate the models efficiency. Following a logical and well-known mathematical logic along with simplicity of execution are the main advantages of the proposed method

VIKOR Technique:A Systematic Review of the State of the Art Literature on Methodologies and Applications

The main objective of this paper is to present a systematic review of the VlseKriterijuska Optimizacija I Komoromisno Resenje (VIKOR) method in several application areas such as sustainability and renewable energy. This study reviewed a total of 176 papers, published in 2004 to 2015, from 83 high-ranking journals; most of which were related to Operational Research, Management Sciences, decision making, sustainability and renewable energy and were extracted from the “Web of Science and Scopus” databases. Papers were classified into 15 main application areas. Furthermore, papers were categorized based on the nationalities of authors, dates of publications, techniques and methods, type of studies, the names of the journals and studies purposes. The results of this study indicated that more papers on VIKOR technique were published in 2013 than in any other year. In addition, 13 papers were published about sustainability and renewable energy fields. Furthermore, VIKOR and fuzzy VIKOR methods, had the first rank in use. Additionally, the Journal of Expert Systems with Applications was the most significant journal in this study, with 27 publications on the topic. Finally, Taiwan had the first rank from 22 nationalities which used VIKOR technique

A bi-objective score-variance based linear assignment method for group decision making with hesitant fuzzy linguistic term sets

Decision makers usually prefer to express their preferences by linguistic variables. Classic fuzzy sets allowed expressing these preferences using a single linguistic value. Considering inevitable hesitancy of decision makers, hesitant fuzzy linguistic term sets allowed them to express individual evaluation using several linguistic values. Therefore, these sets improve the ability of humans to determine believes using their own language. Considering this feature, in this paper a method upon linear assignment method is proposed to solve group decision making problems using this kind of information, when criteria weights are known or unknown. The performance of the proposed method is illustrated in a numerical example and the results are compared with other methods to delineate the models efficiency. Following a logical and well-known mathematical logic along with simplicity of execution are the main advantages of the proposed method

Sustainability performance assessment with intuitionistic fuzzy composite metrics and its application to the motor industry

The performance assessment of companies in terms of sustainability requires to find a balance between multiple and possibly conflicting criteria. We here rely on composite metrics to rank a set of companies within an industry considering environmental, social and corporate governance criteria. To this end, we connect intuitionistic fuzzy sets and composite programming to propose novel composite metrics. These metrics allow to integrate important environmental, social and governance principles with the gradual membership functions of fuzzy set theory. The main result of this paper is a sustainability assessment method to rank companies within a given industry. In addition to consider multiple objectives, this method integrates two important social principles such as maximum utility and fairness. A real-world example is provided to describe the application of our sustainability assessment method within the motor industry. A further contribution of this paper is a multicriteria generalization of the concept of magnitude of a fuzzy number

Sustainable cloud service provider development by a Z-number-based DNMA method with Gini-coefficient-based weight determination

The sustainable development of cloud service providers (CSPs) is a significant multiple criteria decision making (MCDM) problem, involving the intrinsic relations among multiple alternatives, (quantitative and qualitative) decision criteria and decision-experts for the selection of trustworthy CSPs. Most existing MCDM methods for CSP selection incorporated only one normalization technique in benefit and cost criteria, which would mislead the decision results and limit the applications of these methods. In addition, these methods did not consider the reliability of information given by decision-makers. Given these research gaps, this study introduces a Z-number-based double normalization-based multiple aggregation (DNMA) method to tackle quantitative and qualitative criteria in forms of benefit, cost, and target types for sustainable CSP development. We extend the original DNMA method to the Z-number environment to handle the uncertain and unreliability information of decision-makers. To make trade-offs between normalized criteria values, we develop a Gini-coefficient based weighting method to replace the mean-square-based weighting method used in the original DNMA method to enhance the applicability and isotonicity of the DNMA method. A case study is conducted to demonstrate the effectiveness of the proposed method. Furthermore, comparative analysis and sensitivity analysis are implemented to test the stability and applicability of the proposed method.info:eu-repo/semantics/publishedVersio

Interval Type-2 Fuzzy Programming Method for Risky Multicriteria Decision-Making with Heterogeneous Relationship

We propose a new interval type-2 fuzzy (IT2F) programming method for risky multicriteria decision-making (MCDM) problems with IT2F truth degrees, where the criteria exhibit a heterogeneous relationship and decision-makers behave according to bounded rationality. First, we develop a technique to calculate the Banzhaf-based overall perceived utility values of alternatives based on 2-additive fuzzy measures and regret theory. Subsequently, considering pairwise comparisons of alternatives with IT2F truth degrees, we define the Banzhaf-based IT2F risky consistency index (BIT2FRCI) and the Banzhaf-based IT2F risky inconsistency index (BIT2FRII). Next, to identify the optimal weights, an IT2F programming model is established based on the concept that BIT2FRII must be minimized and must not exceed the BIT2FRCI using a fixed IT2F set. Furthermore, we design an effective algorithm using an external archive-based constrained state transition algorithm to solve the established model. Accordingly, the ranking order of alternatives is derived using the Banzhaf-based overall perceived utility values. Experimental studies pertaining to investment selection problems demonstrate the state-of-the-art performance of the proposed method, that is, its strong capability in addressing risky MCDM problems

A probabilistic linguistic thermodynamic method based on the water-filling algorithm and regret theory for emergency decision making

Since thermodynamics can describe the energy of matter and its form of storage or transformation in the system, it is introduced to resolve the uncertain decision-making problems. The paper proposes the thermodynamic decision-making method which considers both the quantity and quality of the probabilistic linguistic decision information. The analogies for thermodynamical indicators: energy, exergy and entropy are developed under the probabilistic linguistic circumstance. The probabilistic linguistic thermodynamic method combines the regret theory which captures decision makers’ regret-aversion and the objective weight of criterion obtained by the water-filling algorithm. The proposed method is applied to select the optimal solution to respond to the floods in Chongqing, China. The self-comparison is conducted to verify the effectiveness of the objective weight obtained by the water-filling algorithm and regret theory in the probabilistic linguistic thermodynamic method. The reliability and feasibility of the proposed method are verified by comparative analysis with other decision-making methods by some simulation experiments and non-parametric tests

Multi-Objective and Multi-Attribute Optimisation for Sustainable Development Decision Aiding

Optimization is considered as a decision-making process for getting the most out of available resources for the best attainable results. Many real-world problems are multi-objective or multi-attribute problems that naturally involve several competing objectives that need to be optimized simultaneously, while respecting some constraints or involving selection among feasible discrete alternatives. In this Reprint of the Special Issue, 19 research papers co-authored by 88 researchers from 14 different countries explore aspects of multi-objective or multi-attribute modeling and optimization in crisp or uncertain environments by suggesting multiple-attribute decision-making (MADM) and multi-objective decision-making (MODM) approaches. The papers elaborate upon the approaches of state-of-the-art case studies in selected areas of applications related to sustainable development decision aiding in engineering and management, including construction, transportation, infrastructure development, production, and organization management