The Relative Grey Relation Closeness Multicriteria Decision Making Method

Author

Kong, Feng ; Liu, Hongyan

Author_Institution

Dept. of Econ. & Manage., North China Electr. Power Univ., Baoding

Volume

3

fYear

2006

fDate

16-18 Oct. 2006

Firstpage

46

Lastpage

50

Abstract

Grey relation decision (GRD) model has the shortcoming of how to determine the value of resolution coefficient and how to deal with the grey relation degree of alternative to the negative solution. In this paper, those shortcomings are discussed and a new index of alternative ranking, relative grey relation closeness (RGRC), is put forward. The value of RGRC not only takes into account the grey relation degree between an alternative and the positive and negative ideal solutions, but also has the advantage of not affected by the value of resolution coefficient. Through comparison analysis, the effectiveness of RGRC is proved

Keywords

decision making; grey systems; operations research; grey relation closeness multicriteria decision making; grey relation decision model; relative grey relation closeness; resolution coefficient; Data analysis; Decision making; Energy management; Information analysis; Intelligent systems; Logic; Power generation economics; System analysis and design; Decision Making; Grey Relation Decision; Multicriteria; Relative Grey Relation Closeness;

fLanguage

English

Publisher

ieee

Conference_Titel

Intelligent Systems Design and Applications, 2006. ISDA '06. Sixth International Conference on

Conference_Location

Jinan

Print_ISBN

0-7695-2528-8

Type

conf

DOI

10.1109/ISDA.2006.51

Filename

4021856