Research on grey multi-attribute risk group decision-making method

Author

Dang, Luo ; Ling, Zhou ; Shuai, Sheng

Author_Institution

North China Univ. of Conservancy & Hydroelectric Power, Zhengzhou

fYear

2007

fDate

18-20 Nov. 2007

Firstpage

754

Lastpage

758

Abstract

The problem of grey multi-attribute group decision making under risk, in which the attributes are interval grey number and the attribute weights are unknown is studied. Based on the ideal matrix, relative subordinate degree method is presented. Combining thoughts and method of grey system theory with classical risk decision-making method, the attribute of each alternative is obtained by grey relation degree. Then the relative subordinate degree in which an alternative corresponds to the ideal matrix is obtained by means of the synthetically weighted distance among the alternative and positive and the negative matrix. An example illustrates the validity and efficiency of this method.

Keywords

decision making; decision theory; grey systems; group theory; matrix algebra; risk analysis; grey system theory; ideal matrix; interval grey number; multiattribute risk group decision making method; relative subordinate degree method; Decision making; Intelligent systems; Project management; Random variables; Risk management; Sorting;

fLanguage

English

Publisher

ieee

Conference_Titel

Grey Systems and Intelligent Services, 2007. GSIS 2007. IEEE International Conference on

Conference_Location

Nanjing

Print_ISBN

978-1-4244-1294-5

Electronic_ISBN

978-1-4244-1294-5

Type

conf

DOI

10.1109/GSIS.2007.4443375

Filename

4443375