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A Novel Method for Dynamic Multicriteria Decision Making with Hybrid Evaluation Information

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  • Shihu Liu
  • Tauqir Ahmed Moughal

Abstract

How to select the most desirable pattern(s) is often a crucial step for decision making problem. By taking uncertainty as well as dynamic of database into consideration, in this paper, we construct a dynamic multicriteria decision making procedure, where the evaluation information of criteria is expressed by real number, intuitionistic fuzzy number, and interval‐valued intuitionistic fuzzy number. During the process of algorithm construction, the evaluation information at all time episodes is firstly aggregated into one, and then it is transformed into the unified interval‐valued intuitionistic fuzzy number representational form. Similar to most multicriteria decision making approaches, the TOPSIS method is applied in the proposed decision making algorithm. In particular, the distance between possible patterns and the ideal solutions is defined in terms of cosine similarity by considering all aspects of the unified evaluation information. Experimental results show that the proposed decision making approach can effectively select desirable pattern(s).

Suggested Citation

  • Shihu Liu & Tauqir Ahmed Moughal, 2014. "A Novel Method for Dynamic Multicriteria Decision Making with Hybrid Evaluation Information," Journal of Applied Mathematics, John Wiley & Sons, vol. 2014(1).
    • Handle: RePEc:wly:jnljam:v:2014:y:2014:i:1:n:864628
    DOI: 10.1155/2014/864628
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    References listed on IDEAS

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    1. Prato, Tony, 1999. "Multiple attribute decision analysis for ecosystem management," Ecological Economics, Elsevier, vol. 30(2), pages 207-222, August.
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    Cited by:

    1. Shah Nazir & Sajid Anwar & Sher Afzal Khan & Sara Shahzad & Muhammad Ali & Rohul Amin & Muhammad Nawaz & Pavlos Lazaridis & John Cosmas, 2014. "Software Component Selection Based on Quality Criteria Using the Analytic Network Process," Abstract and Applied Analysis, John Wiley & Sons, vol. 2014(1).

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