Work

Approach to Multi-Criteria Group Decision-Making Problems Based on the Best-Worst-Method and ELECTRE Method

Year: 2016

Type: article

Abstract: This paper proposes a novel approach to cope with the multi-criteria group decision-making problems. We give the pairwise comparisons based on the best-worst-method (BWM), which can decrease comparison times. Additionally, our comparison results are determined with the positive and negative aspects. In order to deal with the decision matrices effectively, we consider the elimination and choice translation reality (ELECTRE III) method under the intuitionistic multiplicative preference relations environment. The ELECTRE III method is designed for a double-automatic system. Under a certain limitation, without bothering the decision-makers to reevaluate the alternatives, this system can adjust some special elements that have the most influence on the group’s satisfaction degree. Moreover, the proposed method is suitable for both the intuitionistic multiplicative preference relation and the interval valued fuzzy preference relations through the transformation formula. An illustrative example is followed to demonstrate the rationality and availability of the novel method.

Source: Symmetry

DOI: 10.3390/sym8090095

Authors: Xinshang You, Tong Chen, Qing Yang

Institution: Tianjin University

Language: English

Topic: Multi-Criteria Decision Making

Subfield: Management Science and Operations Research

Field: Decision Sciences

Domain: Social Sciences

Open Access status: gold

Estimated APC paid: $2,896

Funder: National Natural Science Foundation of China