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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Chen-Tung Chen & Wei-Zhan Hung & Hui-Ling Cheng, 2018. "Applying Linguistic Cognitive Map Method to Deal with Multiple Criteria Decision-making Problems," Journal of Economics and Management, College of Business, Feng Chia University, Taiwan, vol. 14(2), pages 133-146, August.
    • Handle: RePEc:jec:journl:v:14:y:2018:i:2:p:133-146
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    More about this item

    Keywords

    linguistic variables; fuzzy cognitive map; multiple criteria decision making (MCDM);
    All these keywords.

    JEL classification:

    • C00 - Mathematical and Quantitative Methods - - General - - - General
    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General

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