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Group Decision-Making Technique for Risk Assessment of Corporate Financial Management Under Probability Hesitant Fuzzy Sets

Author

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  • Xueqing Liu

    (Tianjin University of Science and Technology, China)

  • Sirui Wang

    (Tianjin University of Science and Technology, China)

  • Siyu Wang

    (Nankai University, China)

  • Yong Lei

    (Changsha Normal University, China)

Abstract

Corporate financial management risk evaluation is the process of identifying, analyzing, and assessing potential risks that may impact a company's financial stability and performance. It involves examining areas such as liquidity risk, credit risk, market risk, and operational risk. The risk assessment of corporate financial management is MAGDM. The probabilistic hesitant fuzzy sets (PHFSs) are used as a tool for characterizing uncertain data during the risk assessment of corporate financial management. In this paper, we extend the grey relational analysis (GRA) approach to the probabilistic hesitant fuzzy MAGDM with incompletely known weight information. Then, the attribute weight values are obtained through GRA approach and single objective optimization model. Then, probabilistic hesitant fuzzy GRA (PHF-GRA) approach is built for MAGDM under PHFSs. Finally, a practical study for risk assessment of corporate financial management is designed to validate the proposed approach and some comparative studies are also designed to verify the applicability.

Suggested Citation

  • Xueqing Liu & Sirui Wang & Siyu Wang & Yong Lei, 2025. "Group Decision-Making Technique for Risk Assessment of Corporate Financial Management Under Probability Hesitant Fuzzy Sets," International Journal of Decision Support System Technology (IJDSST), IGI Global, vol. 17(1), pages 1-18, January.
    • Handle: RePEc:igg:jdsst0:v:17:y:2025:i:1:p:1-18
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    References listed on IDEAS

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    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.
    3. Park, Kyung Sam & Kim, Soung Hie, 1997. "Tools for interactive multiattribute decisionmaking with incompletely identified information," European Journal of Operational Research, Elsevier, vol. 98(1), pages 111-123, April.
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