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This paper investigates an intuitionistic fuzzy multiple attribute decision-making method based on weighted induced distance and its application to investment selection. Specifically, an intuitionistic fuzzy weighted induced ordered weighted averaging operator is proposed to eliminate the drawbacks of existing methods by extending the functions of the order-induced variables. The main advantage of the proposed operator is its dual roles of the order-inducing variables that can simultaneously induce arguments and moderate associated weights. A further extension of the proposed operator is its adaptation towards measuring intuitionistic fuzzy information more effectively. In addition, a multiple attribute decision-making model based on the proposed distance operators is proposed. Finally, the practicability and validity of the proposed model are illustrated by using a numerical example related to investment selection.

Intuitionistic Fuzzy Multiple Attribute Decision-Making Model Based on Weighted Induced Distance Measure and Its Application to Investment Selection