DocumentCode
2560568
Title
New score functions based on risk preference in vague set theory
Author
Wang, Weiping ; Wu, Qizong ; Hu, Xiaodong
Author_Institution
Sch. of Manage. & Econ., Beijing Inst. of Technol., Beijing
fYear
2008
fDate
2-4 July 2008
Firstpage
2106
Lastpage
2111
Abstract
The characters and disadvantages of some main present score functions in the vague set theory are analyzed. The meaning and essence of score functions are discussed and the concept of vague valuepsilas equilibrium point is introduced. From the risk preference point of view and regarding uncertainty information as potential risk, three risk type score functions are defined. A risk aversion type score function and a risk proneness type score function are constructed which can reflect risk aversion decision makerspsila preference and maintain it consistency. The character of these new score functions are detailed discussed and proved.
Keywords
decision theory; fuzzy set theory; risk analysis; multicriterion fuzzy decision making; risk aversion type score function; risk proneness type score function; uncertainty information; vague set theory; vague value equilibrium; Set theory; multi-criterion fuzzy decision-making; risk preference; score function; vague set; vague values’ equilibrium point;
fLanguage
English
Publisher
ieee
Conference_Titel
Control and Decision Conference, 2008. CCDC 2008. Chinese
Conference_Location
Yantai, Shandong
Print_ISBN
978-1-4244-1733-9
Electronic_ISBN
978-1-4244-1734-6
Type
conf
DOI
10.1109/CCDC.2008.4597696
Filename
4597696
Link To Document