This paper focuses on the aggregation or scoring methods to evaluate the alternatives in Multiple Attribute Decision Making problems (MADM), e.g. Weighted Sum Model (WSM) and Weighted Product Model (WPM). The paper deals with the incorporation of the two concepts into the scoring methods, which has not been studied yet. These concepts are decision maker’s Indifference Thresholds (IT) and Yearning Thresholds (YT) on the decision making criteria. Reviewing the related literature reveals that the existent scoring methods do not have a suitable structure to involve the IT, and there is no scoring method which addresses a way to take the YT into account. The paper shows that there is an important drawback to the famous Aspiration Level (AL) concept. Hence, the YT idea is given to resolve the AL limitation. Based on the IT and YT concepts, two new scoring methods are developed: Extended WPM (EWPM) and Extended WSM (EWSM). The EWPM and EWSM are compared with the other scoring methods using a set of simulation analysis. A real-world case extracted from Exploration and Production (E&P) companies in oil industry is examined.
QNN-MAGDM strategy for E-commerce site selection using quadripartition neutrosophic neutrality aggregative operators
Pub. online:23 Mar 2020Type:Research ArticleOpen Access
Journal:Informatica
Volume 31, Issue 1 (2020), pp. 35–63
Abstract
Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) is a very common and useful method for solving multi-criteria decision making problems in certain and uncertain environments. Single valued neutrosophic hesitant fuzzy set (SVNHFS) and interval neutrosophic hesitant fuzzy set (INHFS) are developed on the integration of neutrosophic set and hesitant fuzzy set. In this paper, we extend TOPSIS method for multi-attribute decision making based on single valued neutrosophic hesitant fuzzy set and interval neutrosophic hesitant fuzzy set. Furthermore, we assume that the attribute weights are known, incompletely known or completely unknown. We establish two optimization models for SVNHFS and INHFS with the help of maximum deviation method. Finally, we provide two numerical examples to validate the proposed approach.
The energy of multi-valued neutrosophic matrix and neutrosophic hesitant matrix and relationship between them in multi-criteria decision-making