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Uncertain Multiattribute Decision-Making Based on Interval Number with Extension-Dependent Degree and Regret Aversion

Author

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  • Libo Xu
  • Xingsen Li
  • Chaoyi Pang

Abstract

In view of the uncertainty multiattribute decision-making problem with attribute values and weights both being interval number, a new solution based on regret theory and extension-dependent degree is proposed. It can define pass value of each attribute, which means decision-maker’s acceptance for the scheme under the pass value will decline quickly. Then according to traditional regret theory, the method defines an extension-dependent function based on pass value which can improve the flexibility of the traditional utility function and the ability to describe the risk aversion actions from decision-makers. Then the extension-dependent function for interval number is built, and the perceived utility value of each scheme is obtained based on the interval’s optimal value. The method can also reflect the decision-maker’s reference to high or low evaluation score by setting attitude coefficients. At last, an example is presented to examine the feasibility, effectiveness, and stability of our method.

Suggested Citation

  • Libo Xu & Xingsen Li & Chaoyi Pang, 2018. "Uncertain Multiattribute Decision-Making Based on Interval Number with Extension-Dependent Degree and Regret Aversion," Mathematical Problems in Engineering, Hindawi, vol. 2018, pages 1-10, August.
  • Handle: RePEc:hin:jnlmpe:6508636
    DOI: 10.1155/2018/6508636
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