Author
Listed:
- Xiaoyi Ding
- Wenjun Chang
- Baoyu Liao
Abstract
In existing linguistic decision-making (LDM) methods, individual decision maker generally evaluates alternatives through a single-round evaluation process, in which only preliminary cognition of individual decision maker can be excavated. This results in the evaluation provided by individual decision maker may not well reflect their integrated preference through the single-round evaluation process. To address this issue, a multi-round evaluation process should be designed, in which the decision maker can constantly renew his or her acquired cognition through previous rounds of evaluation and further updates his or her evaluation. In this paper, a cognitive-driven LDM method based on the multi-round evaluation process is proposed to overcome the insufficiency of existing methods in adequately exploring the decision maker comprehensive cognition. First, the transition process of linguistic term (LT) of the alternative induced by decision maker’s cognition renewal is modeled as a Markov chain. The transition probability from one state to another within the state space is then created to obtain the incomplete transition matrix, whose entropy rate is maximized to derive the complete transition matrix via the constructed convex optimization problem. The stable distributions of alternatives can be generated based on their complete transition matrices. The aggregated stable distributions of alternatives are obtained by minimizing the dissimilarity between them and the individual stable distributions of alternatives on the criteria. On this basis, the ranking order of alternatives can be generated. The proposed method is further applied to a diagnostic ultrasound system selection problem for demonstrating its applicability and effectiveness. The comparative experiment reveals the significance of considering decision maker’s renewal cognition in the multi-round decision-making process. This paper provides insights on improving decision-making quality through the modeling of decision maker's acquired cognition in the multi-round decision-making processes.
Suggested Citation
Xiaoyi Ding & Wenjun Chang & Baoyu Liao, 2025.
"Cognition-driven linguistic decision-making method based on maximum entropy rate Markov chain,"
Journal of Management Analytics, Taylor & Francis Journals, vol. 12(3), pages 486-508, July.
Handle:
RePEc:taf:tjmaxx:v:12:y:2025:i:3:p:486-508
DOI: 10.1080/23270012.2025.2524369
Download full text from publisher
As the access to this document is restricted, you may want to
for a different version of it.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:tjmaxx:v:12:y:2025:i:3:p:486-508. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
We have no bibliographic references for this item. You can help adding them by using this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/tjma .
Please note that corrections may take a couple of weeks to filter through
the various RePEc services.