DocumentCode :
2617592
Title :
An algorithm for fuzzy multi-criteria decision making
Author :
Yeh, Chung-Hsing ; Deng, Hepu
Author_Institution :
Dept. of Bus. Syst., Monash Univ., Clayton, Vic., Australia
Volume :
2
fYear :
1997
fDate :
28-31 Oct 1997
Firstpage :
1564
Abstract :
The paper presents a new algorithm for solving the general fuzzy multi-criteria decision making (MCDM) problem involving fully data expressed by means of linguistic terms. A fuzzy performance matrix representing the overall assessment of alternatives with respect to each criterion is obtained by using interval arithmetic. To avoid the complex and unreliable ranking process of fuzzy numbers, the α-cut concept is used to transform the fuzzy performance matrix into an interval performance matrix. Incorporated with the decision maker´s attitude towards risk, an overall preference index is obtained by applying the concept of the degree of similarity to the ideal solution using a vector matching function. The algorithm developed is simple and comprehensible with easy computation which facilitates its use in a decision support system for the general fuzzy MCDM problem. An example is presented to demonstrate its applicability
Keywords :
algorithm theory; computational linguistics; decision theory; fuzzy logic; matrix algebra; operations research; α-cut concept; fuzzy multi-criteria decision making algorithm; fuzzy performance matrix; interval arithmetic; interval performance matrix; linguistic terms; overall preference index; risk attitude; similarity; vector matching function; Arithmetic; Decision making; Decision support systems; Delta modulation; Fuzzy set theory; Fuzzy systems; Utility theory;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Intelligent Processing Systems, 1997. ICIPS '97. 1997 IEEE International Conference on
Conference_Location :
Beijing
Print_ISBN :
0-7803-4253-4
Type :
conf
DOI :
10.1109/ICIPS.1997.669295
Filename :
669295
Link To Document :
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