Open AccessA novel distance of intuitionistic trapezoidal fuzzy numbers and its-based prospect theory algorithm in multi-attribute decision making model
Author(s) -
Haiping Ren,
Lai Jun Luo
Publication year - 2020
Publication title -
mathematical biosciences and engineering
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.451
H-Index - 45
eISSN - 1551-0018
pISSN - 1547-1063
DOI - 10.3934/mbe.2020163
Subject(s) - prospect theory , group decision making , fuzzy logic , algorithm , mathematics , computer science , measure (data warehouse) , mathematical optimization , artificial intelligence , data mining , psychology , economics , social psychology , finance
The aim of this paper is to develop a new decision making method considering decision makers' psychological behavior for multi-attribute decision making problem under intuitionistic trapezoidal fuzzy environment. We first put forward a new distance measure of intuitionistic trapezoidal fuzzy numbers. Then combining with cumulative prospect theory, we develop a novel decision making method, which can consider risk attitude of decision makers. Finally, an example is given to demonstrate the effectiveness and practicability of the proposed method.