Title :
Validating fuzzy decision model using risk and confidence analysis
Author_Institution :
Fac. of Comput. & Math. Sci., Univ. Teknol. MARA, Kota Kinabalu, Malaysia
Abstract :
This paper proposes two validation analyses, namely the risk attitudes and level of confidence for fuzzy multi-criteria decision-making model. Risk attitudes are employed to test the outcomes in dealing with the different decision maker´s attitude towards risk and uncertainty. Conversely, confidence analysis are used to test how confidence (i.e., pessimistic, moderate, optimistic, etc.) decision makers make a decision which respect to the difference situation and condition. A case study related to the municipal solid waste disposal decision in the state of Selangor and Kuala Lumpur Federal Territory was used to demonstrate the feasibility of the proposed analysis. The result shows that the proposed analysis can improve the relevance and acceptability of the model. Thus, more confident decision and better solution can be derived concurrently in decision-making process.
Keywords :
decision making; fuzzy set theory; risk analysis; Kuala Lumpur Federal Territory; Selangor; confidence analysis; fuzzy multicriteria decision making model; risk analysis; risk attitudes; Analytical models; Computational modeling; Decision making; Mathematical model; Pragmatics; Sensitivity analysis; Uncertainty; confidence analysis; fuzzy decision model; risk attitudes;
Conference_Titel :
Computer Applications and Industrial Electronics (ISCAIE), 2012 IEEE Symposium on
Conference_Location :
Kota Kinabalu
Print_ISBN :
978-1-4673-3032-9
DOI :
10.1109/ISCAIE.2012.6482077