A Grey Interval Relational Degree-Based Dynamic Multiattribute Decision Making Method and Its Application in Investment Decision Making

Yuhong Wang, Xiaojuan Shi, Jihong Sun and Wuyong Qian

Mathematical Problems in Engineering, 2014, vol. 2014, 1-6

Abstract:

The purpose of this paper is to propose a three-dimensional grey interval relational degree model for dynamic Multiattribute decision making. In the model, the observed values are interval grey numbers. Elements are selected in the system as the points in an m -dimensional linear space. Then observation data of each element to different time and objects are as the coordinates of point. An optimization model is employed to obtain each scheme’s affiliate degree for the positive and negative ideal schemes. And a three-dimensional grey interval relational degree model based on time, index, and scheme is constructed in the paper. The result shows that the three-dimensional grey relational degree simplifies the traditional dynamic multiattribute decision making method and can better resolve the dynamic multiattribute decision making problem of interval numbers. The example illustrates that the method presented in the paper can be used to deal with problems of uncertainty such as dynamic multiattribute decision making.

Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:hin:jnlmpe:607016

DOI: 10.1155/2014/607016

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