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