Multi-Attribute Decision-Making with Independent Trapezoidal Intuitionistic Fuzzy Information Based on Risk Orientation and Similarity Measure

Zhangxu Lin (), Jian Lin, Zeshui Xu () and Yihong Zhou ()
Additional contact information
Zhangxu Lin: College of Computer and Information Sciences, Fujian Agriculture and Forestry University, Fuzhou 350002, P. R. China
Jian Lin: College of Computer and Information Sciences, Fujian Agriculture and Forestry University, Fuzhou 350002, P. R. China
Zeshui Xu: Business School, Sichuan University, Chengdu 610064, P. R. China
Yihong Zhou: College of Computer and Information Sciences, Fujian Agriculture and Forestry University, Fuzhou 350002, P. R. China

International Journal of Information Technology & Decision Making (IJITDM), 2024, vol. 23, issue 05, 1835-1875

Abstract: The strategy production in intuitionistic fuzzy multi-attribute decision-making is influenced by various factors. More realistic data representations are needed to portray ambiguity under increasingly complex decision-making contexts. Firstly, this study proposes a new approach for ranking independent trapezoidal intuitionistic fuzzy numbers based on the risk attitudes of decision-makers. The proposed ranking approach incorporates the decision-makers’ risk preferences and considers all possible values in the feasible domain. After that, a novel similarity measure between two independent trapezoidal intuitionistic fuzzy numbers is presented based on the three-segment projection. The constructed similarity measure uses the image structure of the data to reflect the variation of vagueness and then also combines deviation to achieve optimization. Moreover, this study improves the VIKOR method under the independent trapezoidal intuitionistic fuzzy environment (V-ITIFE) to solve the multi-attribute decision-making problems. Finally, a numerical example is presented to illustrate the applicability and efficiency of the V-ITIFE method.

Keywords: Multi-attribute decision-making; order relationship; similarity measure; independent trapezoidal intuitionistic fuzzy numbers; projection (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0219622023500578
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:ijitdm:v:23:y:2024:i:05:n:s0219622023500578

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0219622023500578

Access Statistics for this article

International Journal of Information Technology & Decision Making (IJITDM) is currently edited by Yong Shi

More articles in International Journal of Information Technology & Decision Making (IJITDM) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().