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MEREC-Based Combined Framework for Multiple-Attribute Group Decision-Making in Probabilistic Linguistic Environment: Applications to Technology Finance Development Efficiency Evaluation

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  • Xiaotong Liang

    (China National Gold Group Asset Management Corporation, China)

Abstract

The deployment of our country's innovation driven strategy has been implemented, and transforming the economic development mode has become an important content. It is particularly important to use finance to serve technological innovation and promote economic development. The efficiency evaluation of technology finance development is multiple-attribute group decision-making (MAGDM). Presently, the utilization of Logarithmic TODIM (LogTODIM) and CoCoSo approach was implemented to address the MAGDM challenges. To effectively evaluate the development of technology finance, the application of probabilistic linguistic term sets (PLTSs) has been illustrated as a method to characterize uncertain information. This research introduces the probabilistic linguistic LogTODIM-CoCoSo (PL-LogTODIM-CoCoSo) approach to address MAGDM concerns within PLTSs. Additionally, the MEREC approach is illustrated to handle the weight assignment process under PLTSs. Finally, numerical example for efficiency evaluation of technology finance development is put forward to validate the LogTODIM-CoCoSo approach.

Suggested Citation

  • Xiaotong Liang, 2024. "MEREC-Based Combined Framework for Multiple-Attribute Group Decision-Making in Probabilistic Linguistic Environment: Applications to Technology Finance Development Efficiency Evaluation," International Journal of Decision Support System Technology (IJDSST), IGI Global Scientific Publishing, vol. 16(1), pages 1-18, January.
  • Handle: RePEc:igg:jdsst0:v:16:y:2024:i:1:p:1-18
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    References listed on IDEAS

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    1. Aichuan Li & Tian Li, 2023. "Fusion of XLNet and BiLSTM-TextCNN for Weibo Sentiment Analysis in Spark Big Data Environment," International Journal of Ambient Computing and Intelligence (IJACI), IGI Global, vol. 14(1), pages 1-18, January.
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