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Chinese Journal of Management Science ›› 2025, Vol. 33 ›› Issue (6): 171-181.doi: 10.16381/j.cnki.issn1003-207x.2022.1030

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Decision Making Method of Major Epidemic Prevention and Control Strategy Based on Fuzzy Influence Diagrams and Prospect Theory

Zhipeng Chang1(), Zhiying Wang2, Wenhe Chen3   

  1. 1.School of Business,Anhui University of Technology,Maanshan 243032,China
    2.School of Management Science and Engineering,Anhui University of Technology,Maanshan 243032,China
    3.School of Economics and Management,Anhui Normal University,Wuhu 241000,China
  • Received:2022-05-10 Revised:2022-10-13 Online:2025-06-25 Published:2025-07-04
  • Contact: Zhipeng Chang E-mail:changzp@126.com

Abstract:

In order to minimize the impact of major epidemic on economic development, and balance the relationship between major epidemic prevention and control and economic development, a decision-making method of major epidemic prevention and control strategy is proposed, which is constructed by fuzzy influence diagrams and prospect theory. Considering that the decision-making of major epidemic prevention and control strategies is characterized by reference dependence, loss avoidance and probability judgment distortion, the prospect theory is used to make the decision of alternative strategies. In order to solve the problem that it is difficult to select specific reference points to evaluate the impact of prevention and control strategies on economic development, "before the implementation of prevention and control strategies" is selected as the psychological reference point for decision-makers, and the fuzzy influence diagrams are used to analyze the fuzzy influence relationship of prevention and control strategies on economic development. Fuzzy inference and fuzzy synthesis are used to evaluate the profit and loss of economic development brought by the prevention and control strategy and its probability distribution. Finally, the prospect theory parameters obtained from the experiments in China and the United States are compared by examples. The results show that the same optimal prevention and control strategy could be obtained regardless of the experimental parameters in the United States or in China, and the optimal prevention and control strategy is not sensitive to the loss avoidance coefficient λ. However, the suboptimal prevention and control strategy is sensitive to loss aversion coefficient λ, especially when λ=2.25, which requires decision makers to make careful decisions. If the decision maker is sensitive to the loss, it is recommended to adopt the experimental parameters in China.

Key words: major epidemic, prevention and control strategy, fuzzy influence diagram, prospect theory, decision-making method

CLC Number: