Modified EDAS Method Based on Cumulative Prospect Theory for Multiple Attributes Group Decision Making with Interval-valued Intuitionistic Fuzzy Information

The Interval-valued intuitionistic fuzzy sets (IVIFSs) based on the intuitionistic fuzzy sets combines the classical decision method is in its research and application is attracting attention. After comparative analysis, there are multiple classical methods with IVIFSs information have been applied into many practical issues. In this paper, we extended the classical EDAS method based on cumulative prospect theory (CPT) considering the decision makers (DMs) psychological factor under IVIFSs. Taking the fuzzy and uncertain character of the IVIFSs and the psychological preference into consideration, the original EDAS method based on the CPT under IVIFSs (IVIF-CPT-MABAC) method is built for MAGDM issues. Meanwhile, information entropy method is used to evaluate the attribute weight. Finally, a numerical example for project selection of green technology venture capital has been given and some comparisons is used to illustrate advantages of IVIF-CPT-MABAC method and some comparison analysis and sensitivity analysis are applied to prove this new methods effectiveness and stability.Comment: 48 page

An Extended TODIM Method for Group Decision Making with the Interval Intuitionistic Fuzzy Sets

For a multiple-attribute group decision-making problem with interval intuitionistic fuzzy sets, a method based on extended TODIM is proposed. First, the concepts of interval intuitionistic fuzzy set and its algorithms are defined, and then the entropy method to determine the weights is put forward. Then, based on the Hamming distance and the Euclidean distance of the interval intuitionistic fuzzy set, both of which have been defined, function mapping is given for the attribute. Finally, to solve multiple-attribute group decision-making problems using interval intuitionistic fuzzy sets, a method based on extended TODIM is put forward, and a case that deals with the site selection of airport terminals is given to prove the method

Evaluating strategies for implementing industry 4.0: a hybrid expert oriented approach of B.W.M. and interval valued intuitionistic fuzzy T.O.D.I.M.

open access articleDeveloping and accepting industry 4.0 influences the industry structure and customer willingness. To a successful transition to industry 4.0, implementation strategies should be selected with a systematic and comprehensive view to responding to the changes flexibly. This research aims to identify and prioritise the strategies for implementing industry 4.0. For this purpose, at first, evaluation attributes of strategies and also strategies to put industry 4.0 in practice are recognised. Then, the attributes are weighted to the experts’ opinion by using the Best Worst Method (BWM). Subsequently, the strategies for implementing industry 4.0 in Fara-Sanat Company, as a case study, have been ranked based on the Interval Valued Intuitionistic Fuzzy (IVIF) of the TODIM method. The results indicated that the attributes of ‘Technology’, ‘Quality’, and ‘Operation’ have respectively the highest importance. Furthermore, the strategies for “new business models development’, ‘Improving information systems’ and ‘Human resource management’ received a higher rank. Eventually, some research and executive recommendations are provided. Having strategies for implementing industry 4.0 is a very important solution. Accordingly, multi-criteria decision-making (MCDM) methods are a useful tool for adopting and selecting appropriate strategies. In this research, a novel and hybrid combination of BWM-TODIM is presented under IVIF information

INVESTIGATION OF INDUSTRY 5.0 HURDLES AND THEIR MITIGATION TACTICS IN EMERGING ECONOMIES BY TODIM ARITHMETIC AND GEOMETRIC AGGREGATION OPERATORS IN SINGLE VALUE NEUTROSOPHIC ENVIRONMENT

Industry 5.0 acceptance is accelerating, but research is still in its infancy, and existing research covers a small subset of context-specific obstacles. This study aims to enumerate all potential obstacles, quantitatively rank them, and assess interdependencies at the organizational level for Industry 5.0 adoption. To achieve this, we thoroughly review the literature, identify obstacles, and investigate causal relationships using a multi-criteria decision-making approach called single value Neutrosophic TODIM. Single-valued Neutrosophic sets (SVNS) ensembles are employed in a real-world setting to deal with uncertainty and indeterminacy. The suggested strategy enables the experts to conduct group decision-making by focusing on ranking the smaller collection of criterion values and the comparison with the decision-making trial and evaluation laboratory method (DEMATEL). According to the findings, the most significant hurdles are expenses and the funding system, capacity scalability, upskilling, and reskilling of human labor. As a result, a comfortable atmosphere is produced for decision-making, enabling the experts to handle an acceptable amount of data while still making choices

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

Intuitionistic fuzzy edas method: an application to solid waste disposal site selection

Evaluation based on Distance from Average Solution (EDAS) is a new multicriteria decision making (MCDM) method, which is based on the distances of alternatives from the average scores of attributes. Classical EDAS has been already extended by using ordinary fuzzy sets in case of vague and incomplete data. In this paper, we propose an interval-valued intuitionistic fuzzy EDAS method, which is based on the data belonging to membership, nonmembership, and hesitance degrees. A sensitivity analysis is also given to show how robust decisions are obtained through the proposed intuitionistic fuzzy EDAS. The proposed intuitionistic fuzzy EDAS method is applied to the evaluation of solid waste disposal site selection alternatives. The comparative and sensitivity analyses are also included

Multi-Attribute Decision Making Method Based on Aggregated Neutrosophic Set

Multi-attribute decision-making refers to the decision-making problem of selecting the optimal alternative or sorting the scheme when considering multiple attributes, which is widely used in engineering design, economy, management and military, etc. But in real application, the attribute information of many objects is often inaccurate or uncertain, so it is very important for us to find a useful and efficient method to solve the problem

Large-Scale Green Supplier Selection Approach under a Q-Rung Interval-Valued Orthopair Fuzzy Environment

As enterprises pay more and more attention to environmental issues, the green supply chain management (GSCM) mode has been extensively utilized to guarantee profit and sustainable development. Greensupplierselection(GSS),whichisakeysegmentofGSCM,hasbeeninvestigated to put forward plenty of GSS approaches