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主办:中国优选法统筹法与经济数学研究会
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Chinese Journal of Management Science ›› 2018, Vol. 26 ›› Issue (8): 179-185.doi: 10.16381/j.cnki.issn1003-207x.2018.08.018

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Prospect Decision-making Method Based on Hesitant Fuzzy Linguistic Information

XU Hai-jun, TIAN Xiao-li, XU Ze-shui   

  1. School of business, Sichuan University, Chengdu 610064, China
  • Received:2017-07-04 Revised:2018-03-16 Online:2018-08-20 Published:2018-10-22

Abstract: The hesitant fuzzy linguistic information is a very general way to express the evaluation information of the decision makers. Also, the prospect theory is a popular framework to portray the different risk attitudes of the decision makers for gains and losses in real decision-making. Considering both the uncertain decision-making situations and the expressions of evaluation information, a prospect decision-making method is developed based on hesitant fuzzy linguistic information. Furthermore, the detailed steps and the visual procedure of the proposed method are given. Finally, the feasibility and the effectiveness of this method are verified by the comparative analysis in case study. The data of the case is derived from the questionnaire of the experts. The comparative result shows that decision-making with prospect framework is superior to the utility framework because of the risk attitude in former one. The construction of the prospect decision-making method with hesitant fuzzy information will promote more researches to focus on the behavior decision-making with fuzzy information.

Key words: prospect theory, hesitant fuzzy linguistic information, multi-criteria decision-making, uncertainty

CLC Number: