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HFMADM method based on nondimensionalization and its application in the evaluation of inclusive growth

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  • Xiaodi Liu
  • Zengwen Wang
  • Antoinette Hetzler

Abstract

Inclusive growth, which encompasses different aspects of life, is a growth pattern that allows all people to participate in and contribute to growth process. In this paper, a novel hesitant fuzzy multiple attribute decision making (HFMADM) approach based on the nondimensionalization of decision making attributes is presented and then applied to the evaluation of inclusive growth in China. Firstly, a novel generalized hesitant fuzzy distance measure is proposed to calculate the difference and deviation between two hesitant fuzzy elements (HFEs) without adding any values into the shorter hesitant fuzzy element. Secondly, the coefficient of variation and efficacy coefficient method are extended to accommodate hesitant fuzzy environment and then used to cope with HFMADM. In the analysis process, non-dimensional treatment for hesitant fuzzy decision data is produced. Lastly, the method proposed in this paper is applied to an example of inclusive growth evaluation problem under hesitant fuzzy environment and the case study illustrates the practicality of the proposed method. Beyond that, a comparative analysis with some other approaches is also conducted to demonstrate the superiority and feasibility of the proposed method.

Suggested Citation

  • Xiaodi Liu & Zengwen Wang & Antoinette Hetzler, 2017. "HFMADM method based on nondimensionalization and its application in the evaluation of inclusive growth," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 18(4), pages 726-744, July.
    • Handle: RePEc:taf:jbemgt:v:18:y:2017:i:4:p:726-744
    DOI: 10.3846/16111699.2017.1341848
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    References listed on IDEAS

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    1. Collins, Ross D. & Selin, Noelle E. & de Weck, Olivier L. & Clark, William C., 2017. "Using inclusive wealth for policy evaluation: Application to electricity infrastructure planning in oil-exporting countries," Ecological Economics, Elsevier, vol. 133(C), pages 23-34.
    2. Collins, Ross D. & Selin, Noelle E. & de Weck, Olivier L. & Clark, William C., 2017. "Using inclusive wealth for policy evaluation: Application to electricity infrastructure planning in oil-exporting countries," Scholarly Articles 32696191, Harvard Kennedy School of Government.
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    6. Juan-Juan Peng & Jian-Qiang Wang & Xiao-Hui Wu, 2016. "Novel Multi-criteria Decision-making Approaches Based on Hesitant Fuzzy Sets and Prospect Theory," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 15(03), pages 621-643, May.
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