• 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