Applying Linguistic Cognitive Map Method to Deal with Multiple Criteria Decision-making Problems

Chen-Tung Chen (), Wei-Zhan Hung and Hui-Ling Cheng
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Chen-Tung Chen: Department of Information Management, National United University, Taiwan
Wei-Zhan Hung: Department of Industrial Engineering and Enterprise Information, Tunghai University, Taiwan
Hui-Ling Cheng: College of General Education, Hung Kuang University, Taiwan

Journal of Economics and Management, 2018, vol. 14, issue 2, 133-146

Abstract: In general, decision-makers must consider many influence factors when dealing with decision-making problems, and these factors will interact with each other. The fuzzy cognitive map (FCM) is an analysis tool that can illustrate the causal relationships among influence factors by a network structure. In addition, the opinions of experts are subjective and vague in the decision-making process. It is suitable for experts to use linguistic variables to express their opinions. Therefore, this paper presented a linguistic cognitive map decision method (LCMDM) by combining linguistic variables with a fuzzy cognitive map to deal with multiple criteria decision-making problems. Finally, a numerical example was implemented to illustrate the computational process of the proposed method. The conclusions and future research directions were discussed at the end of this paper.

Keywords: linguistic variables; fuzzy cognitive map; multiple criteria decision making (MCDM) (search for similar items in EconPapers)
JEL-codes: C00 C02 C18 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:jec:journl:v:14:y:2018:i:2:p:133-146

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