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An Extension TOPSIS Method Based on the Decision Maker's Risk Attitude and the Adjusted Probabilistic Fuzzy Set

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The paper studies an extension TOPSIS method with the adjusted probabilistic linguistic fuzzy set in which the decision maker’s behavior tendency is considered. Firstly, we propose a concept of probabilistic… Click to show full abstract

The paper studies an extension TOPSIS method with the adjusted probabilistic linguistic fuzzy set in which the decision maker’s behavior tendency is considered. Firstly, we propose a concept of probabilistic linguistic q-rung orthopair set (PLQROS) based on the probability linguistic fuzzy set (PLFS) and linguistic q-rung orthopair set (LQROS). The operational laws are introduced based on the transformed probabilistic linguistic q-rung orthopair sets (PLQROSs) which have the same probability. Through this adjustment method, the irrationality of the existing methods in the aggregation process is avoided. Furthermore, we propose a comparison rule of PLQROS and the aggregated operators. The distance measure of PLQROSs is also defined, which can deal with the symmetric information in multi-attribute decision making problems. Considering that the decision maker’s behavior has a very important impact on decision-making results, we propose a behavioral TOPSIS decision making method for PLQROS. Finally, we apply the practical problem of investment decision to demonstrate the validity of the extension TOPSIS method, and the merits of the behavior decision method is testified by comparing with the classic TOPSIS method. The sensitivity analysis results of decision-maker’s behavior are also given.

Keywords: decision; topsis method; decision maker; method

Journal Title: Symmetry
Year Published: 2021

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