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Fuzzy grey relation method for multiple criteria decision-making problems

Author

Listed:
  • Mao-Sheng Liao
  • Gin-Shuh Liang
  • Chin-Yuan Chen

Abstract

Combining the concepts of fuzzy set theory, entropy, ideal, and grey relation analysis, a fuzzy grey relation method for multiple criteria decision-making problems is proposed. First, triangular fuzzy numbers and linguistic values characterized by triangular fuzzy numbers are used to evaluate the importance weights of all criteria and the superiority of all alternatives versus various criteria above the alternative level. Then, the concept of entropy is utilized to solve the adjusted integration weight of all objective criteria above the alternative level. Furthermore, using the concepts of ideal, the grey ration grades of various alternatives versus ideal solution are ranked to determine the best alternative. Finally, a numerical example of selecting most appropriate company to build a new highway is used to demonstrate the applicability of proposed method. The study results show that this method is an effective means for tackling MCDM problems in fuzzy and grey environments. Copyright Springer Science+Business Media B.V. 2013

Suggested Citation

  • Mao-Sheng Liao & Gin-Shuh Liang & Chin-Yuan Chen, 2013. "Fuzzy grey relation method for multiple criteria decision-making problems," Quality & Quantity: International Journal of Methodology, Springer, vol. 47(6), pages 3065-3077, October.
    • Handle: RePEc:spr:qualqt:v:47:y:2013:i:6:p:3065-3077
    DOI: 10.1007/s11135-012-9704-5
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    References listed on IDEAS

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    1. Liang, Gin-Shuh, 1999. "Fuzzy MCDM based on ideal and anti-ideal concepts," European Journal of Operational Research, Elsevier, vol. 112(3), pages 682-691, February.
    2. Kuo-Liang Lee & Wen-Chih Huang & Junn-Yuan Teng, 2009. "Locating the competitive relation of global logistics hub using quantitative SWOT analytical method," Quality & Quantity: International Journal of Methodology, Springer, vol. 43(1), pages 87-107, January.
    3. Hsu, Yueh-Ling & Li, Wen-Chin & Chen, Kuang-Wei, 2010. "Structuring critical success factors of airline safety management system using a hybrid model," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 46(2), pages 222-235, March.
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