Journal
JOURNAL OF INTELLIGENT & FUZZY SYSTEMS
Volume 28, Issue 4, Pages 1877-1883Publisher
IOS PRESS
DOI: 10.3233/IFS-141475
Keywords
Intuitionistic fuzzy set; multi-attribute decision making; TOPSIS; ranking function
Categories
Funding
- Key Program of National Natural Science Foundation of China [71231003]
- National Natural Science Foundation of China [71171055]
- Program for New Century Excellent Talents in University (the Ministry of Education of China) [NCET-10-0020]
- Specialized Research Fund for the Doctoral Program of Higher Education of China [20113514110009]
- Science and Technology Innovation Team Cultivation Plan of Colleges and Universities in Fujian Province
- Central Finance Special Fund to Support the Development of Local Colleges and Universities Project [2014-4]
- Foundation of Jiangxi Province Educational Committee [GJJ14449]
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Imprecision and vagueness often occur in practical multi-attribute decision making (MADM) problems. Intuitionistic fuzzy (IF) sets are flexible to simulate these situations. The aim of this paper is to develop an effective method for solving MADM problems in which the attribute values are expressed with IF sets. Inspired by TOPSIS, we propose a new ranking function of IF sets, which takes into the amount and the reliability of an IF set. Hereby we develop a new MADM method. An example of the investment selection problem is examined to demonstrate applicability and feasibility of the proposed method. It is shown that the proposed method has some advantages over other methods.
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