China’s industrial development has promoted the strong rise of the economy. The undertaking of a large number of global manufacturing industries has brought an unbearable burden on the ecological environment. Low-carbon sustainable green development has become a global consensus. In 2007, the Chinese government officially put forward the concept of “green credit” for the first time, hoping that financial institutions can adjust the demand and flow of social funds by carrying out green credit business to promote energy conservation and low carbon in green industries; In 2015, “green development” was proposed as one of the five development concepts. As the core financial institution in China’s social financing system, the banking industry is an important driver and active practitioner of green credit business. Therefore, building a scientific and reasonable evaluation model to help banks evaluate many green enterprises and select appropriate green enterprises from many green enterprises has become an important topic. The effectiveness of the two MADM techniques constructed is tested through an application example of the GECS.
6.2 Sensitivity Analysis of Parameter
Because the generalized aggregation operator contains parameter
ξ, we think that parameter
ξ will affect the decision ranking results in MADM problems, so we have carried out sensitivity analysis on parameter
ξ, such as parameter
ξ takes some discrete values in closed interval [0,50], respectively. Then, for the proposed MADM technique based on GPSHFWA, GPSHFWG, GPSHFPWA and GPSHFPWG operators, Tables
8–
11 discuss the ranking results of the four alternatives when the parameter
ξ takes the above different values. According to the ranking in Tables
8 and
9, we can clearly see that we apply the GPSHFWA operator to the GECS problem in Example
3, and the optimal GE has some differences, and there are also some differences in the ranking of the four alternatives with different values of parameter
ξ, so we can clearly see that the optimal GE is
$A{L_{3}}$(
$0.5\leqslant \xi \leqslant 11$), the optimal GE is
$A{L_{2}}$(
$12\leqslant \xi \leqslant 50$). Meanwhile, we can clearly see that if we apply the GPSHFWG operator to the GECS problem in Example
3, the optimal GE is always
$A{L_{3}}$(
$0.5\leqslant \xi \leqslant 50$). According to the ranking in Tables
10 and
11, if we apply the GPSHFPWA operator to in Example
3, we can clearly see that the optimal GE is
$A{L_{3}}$(
$0.5\leqslant \xi \leqslant 35$), the optimal GE is
$A{L_{2}}$(
$36\leqslant \xi \leqslant 50$); if we apply the GPSHFPWG operator in Example
3, the optimal GE is
$A{L_{3}}$(
$0.5\leqslant \xi \leqslant 5$), the optimal GE
$A{L_{1}}$(
$6\leqslant \xi \leqslant 11$), the optimal GE
$A{L_{3}}$(
$12\leqslant \xi \leqslant 15$), the optimal GE
$A{L_{1}}$(
$16\leqslant \xi \leqslant 50$). Meanwhile, there are some differences in the ranking of the four alternatives with different values of parameter
ξ. At the same time, we also see that the ranking of the four alternatives changes with the different values of parameter
ξ. Through parameter sensitivity analysis, we found that the process of information aggregation using the proposed generalized aggregation operator will change with the variation of parameters.
For example, when
$\xi =2$, GPSHFWA operator degenerates into PSHF weighted quadratic average (PSHFWQA) operator, namely
When
$\xi =3$, GPSHFWA operator degenerates into PSHF weighted cubic average (PSHFWCA) operator, namely
Table 8
Sensitivity analysis of parameter ξ in GPSHFWA operator.
| Values of parameter ξ
|
$s({\tilde{m}_{1}})$ |
$s({\tilde{m}_{2}})$ |
$s({\tilde{m}_{3}})$ |
$s({\tilde{m}_{4}})$ |
Ranking |
| 0.5 |
0.6168 |
0.6047 |
0.6865 |
0.6172 |
$A{L_{3}}\succ A{L_{4}}\succ A{L_{1}}\succ A{L_{2}}$ |
| 1 |
0.6195 |
0.6180 |
0.6874 |
0.6240 |
$A{L_{3}}\succ A{L_{4}}\succ A{L_{1}}\succ A{L_{2}}$ |
| 2 |
0.6251 |
0.6394 |
0.6892 |
0.6313 |
$A{L_{3}}\succ A{L_{2}}\succ A{L_{4}}\succ A{L_{1}}$ |
| 3 |
0.6303 |
0.6553 |
0.6912 |
0.6367 |
$A{L_{3}}\succ A{L_{2}}\succ A{L_{4}}\succ A{L_{1}}$ |
| 4 |
0.6351 |
0.6669 |
0.6931 |
0.6414 |
$A{L_{3}}\succ A{L_{2}}\succ A{L_{4}}\succ A{L_{1}}$ |
| 5 |
0.6395 |
0.6757 |
0.6949 |
0.6451 |
$A{L_{3}}\succ A{L_{2}}\succ A{L_{4}}\succ A{L_{1}}$ |
| 10 |
0.6569 |
0.6997 |
0.7019 |
0.6558 |
$A{L_{3}}\succ A{L_{2}}\succ A{L_{1}}\succ A{L_{4}}$ |
| 11 |
0.6597 |
0.7026 |
0.7030 |
0.6571 |
$A{L_{3}}\succ A{L_{2}}\succ A{L_{1}}\succ A{L_{4}}$ |
| 12 |
0.6623 |
0.7053 |
0.7040 |
0.6583 |
$A{L_{2}}\succ A{L_{3}}\succ A{L_{1}}\succ A{L_{4}}$ |
| 15 |
0.6690 |
0.7118 |
0.7067 |
0.6614 |
$A{L_{2}}\succ A{L_{3}}\succ A{L_{1}}\succ A{L_{4}}$ |
| 20 |
0.6778 |
0.7202 |
0.7102 |
0.6151 |
$A{L_{2}}\succ A{L_{3}}\succ A{L_{1}}\succ A{L_{4}}$ |
| 50 |
0.5222 |
0.5517 |
0.5403 |
0.5454 |
$A{L_{2}}\succ A{L_{4}}\succ A{L_{3}}\succ A{L_{1}}$ |
Table 9
Sensitivity analysis of parameter ξ in GPSHFWG operator.
| Values of parameter ξ
|
$s({\tilde{m}_{1}})$ |
$s({\tilde{m}_{2}})$ |
$s({\tilde{m}_{3}})$ |
$s({\tilde{m}_{4}})$ |
Ranking |
| 0.5 |
0.5915 |
0.5928 |
0.6709 |
0.6159 |
$A{L_{3}}\succ A{L_{4}}\succ A{L_{2}}\succ A{L_{1}}$ |
| 1 |
0.5831 |
0.5852 |
0.6640 |
0.6076 |
$A{L_{3}}\succ A{L_{4}}\succ A{L_{2}}\succ A{L_{1}}$ |
| 2 |
0.5689 |
0.5715 |
0.6540 |
0.5906 |
$A{L_{3}}\succ A{L_{4}}\succ A{L_{2}}\succ A{L_{1}}$ |
| 3 |
0.5586 |
0.5606 |
0.6481 |
0.5775 |
$A{L_{3}}\succ A{L_{4}}\succ A{L_{2}}\succ A{L_{1}}$ |
| 4 |
0.5511 |
0.5521 |
0.6443 |
0.5686 |
$A{L_{3}}\succ A{L_{4}}\succ A{L_{2}}\succ A{L_{1}}$ |
| 5 |
0.5453 |
0.5454 |
0.6417 |
0.5626 |
$A{L_{3}}\succ A{L_{4}}\succ A{L_{2}}\succ A{L_{1}}$ |
| 10 |
0.5283 |
0.5263 |
0.6348 |
0.5492 |
$A{L_{3}}\succ A{L_{4}}\succ A{L_{1}}\succ A{L_{2}}$ |
| 15 |
0.5658 |
0.5958 |
0.6964 |
0.5771 |
$A{L_{3}}\succ A{L_{2}}\succ A{L_{4}}\succ A{L_{1}}$ |
| 20 |
0.6086 |
0.5913 |
0.8259 |
0.7679 |
$A{L_{3}}\succ A{L_{4}}\succ A{L_{1}}\succ A{L_{2}}$ |
| 50 |
0.7870 |
0.7431 |
0.8210 |
0.7672 |
$A{L_{3}}\succ A{L_{1}}\succ A{L_{4}}\succ A{L_{2}}$ |
Table 10
Sensitivity analysis of parameter ξ in GPSHFPWA operator.
| Values of parameter ξ
|
$s({\tilde{m}_{1}})$ |
$s({\tilde{m}_{2}})$ |
$s({\tilde{m}_{3}})$ |
$s({\tilde{m}_{4}})$ |
Ranking |
| 0.5 |
0.6279 |
0.5891 |
0.6835 |
0.6387 |
$A{L_{3}}\succ A{L_{4}}\succ A{L_{1}}\succ A{L_{2}}$ |
| 1 |
0.6300 |
0.5960 |
0.6842 |
0.6396 |
$A{L_{3}}\succ A{L_{4}}\succ A{L_{1}}\succ A{L_{2}}$ |
| 2 |
0.6347 |
0.6115 |
0.6859 |
0.6424 |
$A{L_{3}}\succ A{L_{4}}\succ A{L_{1}}\succ A{L_{2}}$ |
| 3 |
0.6394 |
0.6249 |
0.6877 |
0.6461 |
$A{L_{3}}\succ A{L_{4}}\succ A{L_{1}}\succ A{L_{2}}$ |
| 4 |
0.6441 |
0.6349 |
0.6895 |
0.6498 |
$A{L_{3}}\succ A{L_{4}}\succ A{L_{1}}\succ A{L_{2}}$ |
| 5 |
0.6485 |
0.6426 |
0.6912 |
0.6528 |
$A{L_{3}}\succ A{L_{4}}\succ A{L_{1}}\succ A{L_{2}}$ |
| 10 |
0.66577 |
0.66581 |
0.6987 |
0.6614 |
$A{L_{3}}\succ A{L_{2}}\succ A{L_{1}}\succ A{L_{4}}$ |
| 15 |
0.6768 |
0.6795 |
0.7043 |
0.6656 |
$A{L_{3}}\succ A{L_{2}}\succ A{L_{1}}\succ A{L_{4}}$ |
| 20 |
0.6842 |
0.6247 |
0.7087 |
0.6181 |
$A{L_{3}}\succ A{L_{1}}\succ A{L_{2}}\succ A{L_{4}}$ |
| 35 |
0.5204 |
0.5455 |
0.6352 |
0.5422 |
$A{L_{3}}\succ A{L_{2}}\succ A{L_{4}}\succ A{L_{1}}$ |
| 36 |
0.5209 |
0.5463 |
0.5370 |
0.5423 |
$A{L_{2}}\succ A{L_{4}}\succ A{L_{3}}\succ A{L_{1}}$ |
| 40 |
0.5228 |
0.5491 |
0.5385 |
0.5430 |
$A{L_{2}}\succ A{L_{4}}\succ A{L_{3}}\succ A{L_{1}}$ |
| 50 |
0.5268 |
0.5548 |
0.5417 |
0.5446 |
$A{L_{2}}\succ A{L_{4}}\succ A{L_{3}}\succ A{L_{1}}$ |
Table 11
Sensitivity analysis of parameter ξ in GPSHFPWG operator.
| Values of parameter ξ
|
$s({\tilde{m}_{1}})$ |
$s({\tilde{m}_{2}})$ |
$s({\tilde{m}_{3}})$ |
$s({\tilde{m}_{4}})$ |
Ranking |
| 0.5 |
0.5971 |
0.4923 |
0.6432 |
0.5859 |
$A{L_{3}}\succ A{L_{1}}\succ A{L_{4}}\succ A{L_{2}}$ |
| 1 |
0.5838 |
0.4408 |
0.6278 |
0.5504 |
$A{L_{3}}\succ A{L_{1}}\succ A{L_{4}}\succ A{L_{2}}$ |
| 2 |
0.5615 |
0.3759 |
0.5953 |
0.4858 |
$A{L_{3}}\succ A{L_{1}}\succ A{L_{4}}\succ A{L_{2}}$ |
| 3 |
0.5474 |
0.3436 |
0.5675 |
0.4448 |
$A{L_{3}}\succ A{L_{1}}\succ A{L_{4}}\succ A{L_{2}}$ |
| 4 |
0.5385 |
0.3246 |
0.5475 |
0.4187 |
$A{L_{3}}\succ A{L_{1}}\succ A{L_{4}}\succ A{L_{2}}$ |
| 5 |
0.5323 |
0.3120 |
0.5333 |
0.4010 |
$A{L_{3}}\succ A{L_{1}}\succ A{L_{4}}\succ A{L_{2}}$ |
| 6 |
0.5278 |
0.3029 |
0.5228 |
0.3883 |
$A{L_{1}}\succ A{L_{3}}\succ A{L_{4}}\succ A{L_{2}}$ |
| 10 |
0.5171 |
0.2827 |
0.4991 |
0.3605 |
$A{L_{1}}\succ A{L_{3}}\succ A{L_{4}}\succ A{L_{2}}$ |
| 11 |
0.5154 |
0.2796 |
0.4949 |
0.3564 |
$A{L_{1}}\succ A{L_{3}}\succ A{L_{4}}\succ A{L_{2}}$ |
| 12 |
0.5139 |
0.2770 |
0.5556 |
0.3529 |
$A{L_{3}}\succ A{L_{1}}\succ A{L_{4}}\succ A{L_{2}}$ |
| 15 |
0.5106 |
0.2708 |
0.5489 |
0.3448 |
$A{L_{3}}\succ A{L_{1}}\succ A{L_{4}}\succ A{L_{2}}$ |
| 16 |
0.6076 |
0.2692 |
0.5471 |
0.3428 |
$A{L_{1}}\succ A{L_{3}}\succ A{L_{4}}\succ A{L_{2}}$ |
| 20 |
0.6043 |
0.2640 |
0.5413 |
0.4640 |
$A{L_{1}}\succ A{L_{3}}\succ A{L_{4}}\succ A{L_{2}}$ |
| 50 |
0.7868 |
0.4148 |
0.5245 |
0.4505 |
$A{L_{1}}\succ A{L_{3}}\succ A{L_{4}}\succ A{L_{2}}$ |
In addition, we can also get some enlightenment from the results in Tables
8–
11:
-
(1) In numerical Example
3, we applied Algorithm
1 based on GPSHFWA and GPSHFWG operator to GECS. We found that the score values of the four alternatives aggregated by GPSHFWA operator and the score values of the four alternatives aggregated by GPSHFWG operator were significantly higher than those of the four alternatives aggregated by GPSHFWG operator. The greater the value of
ξ, the greater the difference between them. This shows that GPSHFWA operator is more suitable for aggregating the decision information given by the DMs with a more optimistic decision attitude, while GPSHFWG operator is more suitable for aggregating the decision information given by the DMs with a more pessimistic decision attitude, and the optimistic and pessimistic attitude will increase with the increase of
ξ value.
-
(2) In numerical Example
3, when the parameter
ξ takes different values, when we use GPSHFPWA and GPSHFPWG operators to aggregate the decision information, the score of each alternative changes relatively little; unlike GPSHFWA and GPSHFWG operators, parameter
ξ can reflect the decision attitude of DMs. When we take different values of
ξ, the best alternative is different, especially when
ξ is relatively large, the best alternative changes greatly. Such results also show that parameter
ξ has a greater impact on the ranking of alternatives by using GPSHFPWA and GPSHFPWG operators than by using GPSHFWA and GPSHFWG operators. In the sensitivity analysis of parameter, we also show that parameter
ξ plays a key role in the MADM problem, especially the impact is greater when it is larger. DMs can choose different parameters
ξ according to the needs of the actual MADM problem. It can be seen that the technique proposed in this study has advantages in dealing with a variety of practical MADM problems.
6.3 Comparative Analysis with Other Existing Methods
In order to fully explain the effectiveness of the MADM techniques proposed in this study, we have fully compared the Example
3 implemented in this paper with several existing MADM techniques in Table
12, such as
$W{A_{\textit{ST-TSHF}}}$ and
$W{G_{\textit{ST-TSHF}}}$ operators in Naeem
et al. (
2021),
$W{A_{SHF}^{(A)}}$,
$W{A_{SHF}^{(E)}}$,
$W{A_{SHF}^{(H)}}$,
$W{G_{SHF}^{(A)}}$,
$W{G_{SHF}^{(E)}}$, and
$W{G_{SHF}^{(H)}}$ operators in Khan
et al. (
2021), SHFYWA operator in Naeem
et al. (
2022).
(1) Comparison with aggregation operators in Naeem
et al. (
2021).
(a) Comparison with
$W{A_{\textit{ST-TSHF}}}$ operator: we brought
$\vartheta ={(0.4,0.2,0.3,0.1)^{T}}$ and the data from Table
6 into the
$W{A_{\textit{ST-TSHF}}}$ operator and obtained the aggregated results of four GEs as follows:
Therefore, according to the score calculation formula, we obtain the scores of the four GEs as follows:
Therefore, we obtained the ranking of the four GEs as $A{L_{3}}\succ A{L_{2}}\succ A{L_{4}}\succ A{L_{1}}$, the optimal GE is $A{L_{3}}$.
(b) Comparison with
$W{G_{\textit{ST-TSHF}}}$ operator: We brought
$\vartheta ={(0.4,0.2,0.3,0.1)^{T}}$ and the data from Table
6 into the
$W{G_{\textit{ST-TSHF}}}$ operator and obtained the aggregated results of four GEs as follows:
Therefore, according to the score calculation formula, we obtain the scores of the four GEs as follows:
Therefore, we obtained the ranking of the four GEs as $A{L_{3}}\succ A{L_{2}}\succ A{L_{4}}\succ A{L_{1}}$, the optimal GE is $A{L_{3}}$.
(2) Comparison with aggregation operators in (Khan
et al.,
2021).
(a) Comparison with
$W{A_{SHF}^{(A)}}$ operator: we brought
$\vartheta ={(0.4,0.2,0.3,0.1)^{T}}$ and the data from Table
6 into the
$W{A_{SHF}^{(A)}}$ operator and obtained the aggregated results of four GEs as follows:
Therefore, according to the score calculation formula, we obtain the scores of the four GEs as follows:
Therefore, we obtained the ranking of the four GEs as $A{L_{3}}\succ A{L_{2}}\succ A{L_{1}}\succ A{L_{4}}$, the optimal GE is $A{L_{3}}$.
(b) Comparison with
$W{A_{SHF}^{(E)}}$ operator: we brought
$\vartheta ={(0.4,0.2,0.3,0.1)^{T}}$ and the data from Table
6 into the
$W{A_{SHF}^{(E)}}$ operator and obtained the aggregated results of four GEs as follows:
Therefore, according to the score calculation formula, we obtain the scores of the four GEs as follows:
Therefore, we obtained the ranking of the four GEs as $A{L_{3}}\succ A{L_{1}}\succ A{L_{2}}\succ A{L_{4}}$, the optimal GE is $A{L_{3}}$.
(c) Comparison with
$W{A_{SHF}^{(H)}}$ operator: we brought
$\vartheta ={(0.4,0.2,0.3,0.1)^{T}}$ and the data from Table
6 into the
$W{A_{SHF}^{(H)}}$ operator and obtained the aggregated results of four GEs as follows:
Therefore, according to the score calculation formula, we obtain the scores of the four GEs as follows:
Therefore, we obtained the ranking of the four GEs as $A{L_{3}}\succ A{L_{1}}\succ A{L_{2}}\succ A{L_{4}}$, the optimal GE is $A{L_{3}}$.
(d) Comparison with
$W{G_{SHF}^{(A)}}$ operator: we brought
$\vartheta ={(0.4,0.2,0.3,0.1)^{T}}$ and the data from Table
6 into the
$W{G_{SHF}^{(A)}}$ operator and obtained the aggregated results of four GEs as follows:
Therefore, according to the score calculation formula, we obtain the scores of the four GEs as follows:
Therefore, we obtained the ranking of the four GEs as $A{L_{3}}\succ A{L_{2}}\succ A{L_{1}}\succ A{L_{4}}$, the optimal GE is $A{L_{3}}$.
(e) Comparison with
$W{G_{SHF}^{(E)}}$ operator: we brought
$\vartheta ={(0.4,0.2,0.3,0.1)^{T}}$ and the data from Table
6 into the
$W{G_{SHF}^{(E)}}$ operator and obtained the aggregated results of four GEs as follows:
Therefore, according to the score calculation formula, we obtain the scores of the four GEs as follows:
Therefore, we obtained the ranking of the four GEs as $A{L_{3}}\succ A{L_{4}}\succ A{L_{1}}\succ A{L_{2}}$, the optimal GE is $A{L_{3}}$.
(f) Comparison with
$W{G_{SHF}^{(H)}}$ operator: we brought
$\vartheta ={(0.4,0.2,0.3,0.1)^{T}}$ and the data from Table
6 into the
$W{G_{SHF}^{(H)}}$ operator and obtained the aggregated results of four GEs as follows:
Therefore, according to the score calculation formula, we obtain the scores of the four GEs as follows:
Therefore, we obtained the ranking of the four GEs as $A{L_{3}}\succ A{L_{2}}\succ A{L_{4}}\succ A{L_{1}}$, the optimal GE is $A{L_{3}}$.
(3) Comparison with SHFYWA operator in (Naeem
et al.,
2022).
We brought
$\vartheta ={(0.2,0.4,0.1,0.3)^{T}}$ and the data from Table
6 into the SHFYWA operator and obtained the aggregated results of four GEs as follows:
Therefore, according to the score calculation formula, we obtain the scores of the four GEs as follows:
Therefore, we obtained the ranking of the four GEs as $A{L_{3}}\succ A{L_{4}}\succ A{L_{2}}\succ A{L_{1}}$, the optimal GE is $A{L_{3}}$.
Table 12
Comparison results of numerical Example
3.
| MADM technique |
Ranking |
Optimal alternative |
| The $W{A_{\textit{ST-TSHF}}}$ operator |
$A{L_{3}}\succ A{L_{1}}\succ A{L_{2}}\succ A{L_{4}}$ |
$A{L_{3}}$ |
| The $W{G_{\textit{ST-TSHF}}}$ operator |
$A{L_{3}}\succ A{L_{1}}\succ A{L_{2}}\succ A{L_{4}}$ |
$A{L_{3}}$ |
| The $W{A_{SHF}^{(A)}}$ operator |
$A{L_{3}}\succ A{L_{2}}\succ A{L_{1}}\succ A{L_{4}}$ |
$A{L_{3}}$ |
| The $W{A_{SHF}^{(E)}}$ operator |
$A{L_{3}}\succ A{L_{1}}\succ A{L_{2}}\succ A{L_{4}}$ |
$A{L_{3}}$ |
| The $W{A_{SHF}^{(H)}}$ operator |
$A{L_{3}}\succ A{L_{1}}\succ A{L_{2}}\succ A{L_{4}}$ |
$A{L_{3}}$ |
| The $W{G_{SHF}^{(A)}}$ operator |
$A{L_{3}}\succ A{L_{2}}\succ A{L_{1}}\succ A{L_{4}}$ |
$A{L_{3}}$ |
| The $W{G_{SHF}^{(E)}}$ operator |
$A{L_{3}}\succ A{L_{4}}\succ A{L_{1}}\succ A{L_{2}}$ |
$A{L_{3}}$ |
| The $W{G_{SHF}^{(H)}}$ operator |
$A{L_{3}}\succ A{L_{2}}\succ A{L_{4}}\succ A{L_{1}}$ |
$A{L_{3}}$ |
| The SHFYWA operator |
$A{L_{3}}\succ A{L_{4}}\succ A{L_{2}}\succ A{L_{1}}$ |
$A{L_{3}}$ |
| The GPSHFWA operator in our paper ($\xi =1$) |
$A{L_{3}}\succ A{L_{4}}\succ A{L_{1}}\succ A{L_{2}}$ |
$A{L_{3}}$ |
| The GPSHFWG operator in our paper ($\xi =1$) |
$A{L_{3}}\succ A{L_{4}}\succ A{L_{2}}\succ A{L_{1}}$ |
$A{L_{3}}$ |
| The GPSHFPWA operator in our paper ($\xi =1$) |
$A{L_{3}}\succ A{L_{4}}\succ A{L_{1}}\succ A{L_{2}}$ |
$A{L_{3}}$ |
| The GPSHFPWG operator in our paper ($\xi =1$) |
$A{L_{3}}\succ A{L_{1}}\succ A{L_{4}}\succ A{L_{2}}$ |
$A{L_{3}}$ |
Table
12 shows that the best alternative of the MADM method developed based on GPSHFWA, GPSHFWG, GPSHFPWA and GPSHFPWG operators in Example
3 is
$A{L_{3}}$ when parameter
$\xi =1$, which is consistent with the results in the existing literature. Such results also show the feasibility and effectiveness of the MADM method proposed in this study. Compared with the existing SFS and SHFS, the PSHFS proposed in this study can more accurately express human opinions including yes, waiver, no and rejection. For example, SFN
$(0.35,0.5,0.7)$, DMs or experts are skeptical that they can give such accurate values when making decisions. For the hesitation attitude of DMs or experts, it is obvious that SFS cannot cope with such a psychological situation. For such a situation, SHFS can cope well, such as SHFE
$\langle \{0.36,0.35\},\{0.5,0.51\},\{0.6,0.7\}\rangle $. However, there is a very realistic situation that although SHFE has solved the hesitation of DMs or experts, the DMs or experts are uncertain about the possibility of taking the exact value of the three membership degrees, that is, the probability of several values in SHFE
$\langle \{0.36,0.35\},\{0.5,0.51\},\{0.6,0.7\}\rangle $. However, for such problems, it is clear that the PSHFS proposed in this study can well solve this complex problem, this can be well reflected, such as PSHFE
$\langle \{0.36|0.4,0.35|0.6\},\{0.5|0.8,0.51|0.2\},\{0.6|0.3,0.7|0.7\}\rangle $, which can also help DMs solve more complex MADM problems in real life. However, the PSHFS proposed in this study also has its own disadvantages. When the amount of data is large, it will lead to a particularly large amount of calculation, which is also the limitation of the technique.
Furthermore, we can find that the aggregation process of the aggregation operator proposed in this paper has some advantages as follows.
(1) PSHFS is more effective in expressing fuzzy information. GSPHFWA, GPSHFWG, GPSHFPWA and GPSHFPWG operators can deal well with the MADM problem in the PSHF environment. The PSHFS proposed in this study can better express the MADM problems and people’s views in real life, and can also express the decision information with several possible values of four MDs. Therefore, PSHFS can better reflect people’s hesitation in making decisions, as well as the possibility of hesitation, which is impossible for SFS and SHFS. Therefore, when the DM cannot accurately evaluate the possibility of the alternatives for each degree of membership, it is very reasonable to use the MADM method to solve such MADM problems. In addition, as a more general form of FS, IFS, SFS and SHFS, the MADM method of PSHFS can be converted into the MADM method in these fuzzy environments, so as to better solve the MADM problem in these fuzzy environments.
(2) The aggregation operators with different value of
ξ are more flexible. Through the sensitivity analysis of parameter
ξ in Section
6.2, we can find that by selecting some special
ξ, GPSHFWA, GPSHFWG, GPSHFPWA and GPSHFPWG operators can degenerate into some existing operators. Therefore, the generalized operators proposed in this study are more flexible and can deal with MADM problems in different situations. In addition, the parameter
ξ in the proposed GPSHFWA, GPSHFWG, GPSHFPWA and GPSHFPWG operators can better reflect the different psychological levels of DMs, and DMs can choose different values of parameter
ξ according to the needs of actual MADM problems.
(3) More advantages in dealing with MADM problems with different standards. In the MADM problem, the decision attributes have different importance in principle, that is, they have different weights, and affect the decision results to a certain extent. In general, decision attributes can be divided into two categories with the same priority and different priorities. In the GPSHFWA, GPSHFWG, GPSHFPWA and GPSHFPWG operators proposed in this study, when the priority of the decision attribute is the same, we can choose GPSHFWA and GPSHFWG operators when solving the MADM problem; when the priority of the decision attribute is different, we can choose GPSHFPWA and GPSHFPWG operators when solving the MADM problem. It shows that the aggregation operator proposed in this study is more flexible and can handle different MADM problems.