An Intuitionistic Fuzzy Stochastic Decision-Making Method Based on Case-Based Reasoning and Prospect Theory

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dc.cclicenceCC-BYen
dc.contributor.authorLi, Pengen
dc.contributor.authorYang, Yingjieen
dc.contributor.authorWei, Cuipingen
dc.date.acceptance2017-03-30en
dc.date.accessioned2017-05-26T13:17:59Z
dc.date.available2017-05-26T13:17:59Z
dc.date.issued2017-04-24
dc.descriptionOpen Access articleen
dc.description.abstractAccording to the case-based reasoning method and prospect theory, this paper mainly focuses on finding a way to obtain decision-makers’ preferences and the criterion weights for stochastic multicriteria decision-making problems and classify alternatives. Firstly, we construct a new score function for an intuitionistic fuzzy number (IFN) considering the decision-making environment. Then, we aggregate the decision-making information in different natural states according to the prospect theory and test decision-making matrices. A mathematical programming model based on a case-based reasoning method is presented to obtain the criterion weights. Moreover, in the original decision-making problem, we integrate all the intuitionistic fuzzy decision-making matrices into an expectation matrix using the expected utility theory and classify or rank the alternatives by the case-based reasoning method. Finally, two illustrative examples are provided to illustrate the implementation process and applicability of the developed method.en
dc.exception.reasonopen access articleen
dc.funderLeverhulme Trust International Network on Grey Systems and Applicationsen
dc.identifier.citationLi, P., Yang, Y. and Wei, C. (2017) An Intuitionistic Fuzzy Stochastic Decision-Making Method Based on Case-Based Reasoning and Prospect Theory. Mathematical Problems in Engineering, 2017 Article 2874954en
dc.identifier.doihttps://doi.org/10.1155/2017/2874954
dc.identifier.urihttp://hdl.handle.net/2086/14207
dc.language.isoenen
dc.peerreviewedYesen
dc.projectidIN-2014-020en
dc.publisherHindawien
dc.researchinstituteInstitute of Artificial Intelligence (IAI)en
dc.titleAn Intuitionistic Fuzzy Stochastic Decision-Making Method Based on Case-Based Reasoning and Prospect Theoryen
dc.typeArticleen

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