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Study on the Selection of Pharmaceutical E-Commerce Platform Considering Bounded Rationality under Probabilistic Hesitant Fuzzy Environment

Author

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  • Zixue Guo

    (School of Management, Hebei University, Baoding 071002, China
    Center for Common Prosperity Research, Hebei University, Baoding 071002, China)

  • Sijia Liu

    (School of Management, Hebei University, Baoding 071002, China)

Abstract

The selection of a pharmaceutical e-commerce platform is a typical multi-attribute group decision-making (MAGDM) problem. MAGDM is a common problem in the field of decision-making, which is full of uncertainty and fuzziness. A probabilistic hesitant fuzzy multi-attribute group decision-making method based on generalized TODIM is proposed for the selection of pharmaceutical e-commerce under an uncertain environment. Firstly, the credibility of a probabilistic hesitant fuzzy element is defined, and a credibility-based method for adjusting the weights of decision-makers and determining attribute weights is proposed, which fully considers the reliability of information provided by the decision-makers. Secondly, the power average (PA) operator is extended to the probabilistic hesitant fuzzy environment. The probabilistic hesitant fuzzy power average (PHFPA) operator and the probabilistic hesitant fuzzy power weighted average (PHFPWA) operator are defined, and their properties are discussed. Thirdly, considering the usual information expression of decision-makers in real life and the different risk attitudes towards gain and loss, the generalized TODIM method is extended to the probabilistic hesitant fuzzy environment to construct a prospect theory-based group decision-making method in the probabilistic hesitant fuzzy environment. Finally, the feasibility of the method in this paper is proved through the case of pharmaceutical e-commerce platform selection, and the stability of the method in this paper is verified by sensitivity analysis.

Suggested Citation

  • Zixue Guo & Sijia Liu, 2023. "Study on the Selection of Pharmaceutical E-Commerce Platform Considering Bounded Rationality under Probabilistic Hesitant Fuzzy Environment," Mathematics, MDPI, vol. 11(8), pages 1-21, April.
    • Handle: RePEc:gam:jmathe:v:11:y:2023:i:8:p:1859-:d:1123108
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    References listed on IDEAS

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    1. Llamazares, Bonifacio, 2018. "An analysis of the generalized TODIM method," European Journal of Operational Research, Elsevier, vol. 269(3), pages 1041-1049.
    2. Zeshui Xu & Wei Zhou, 2017. "Consensus building with a group of decision makers under the hesitant probabilistic fuzzy environment," Fuzzy Optimization and Decision Making, Springer, vol. 16(4), pages 481-503, December.
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    1. Wajid Ali & Tanzeela Shaheen & Hamza Ghazanfar Toor & Faraz Akram & Md. Zia Uddin & Mohammad Mehedi Hassan, 2023. "An Innovative Decision Model Utilizing Intuitionistic Hesitant Fuzzy Aczel-Alsina Aggregation Operators and Its Application," Mathematics, MDPI, vol. 11(12), pages 1-22, June.

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