Journal
EXPERT SYSTEMS WITH APPLICATIONS
Volume 39, Issue 13, Pages 11487-11493Publisher
PERGAMON-ELSEVIER SCIENCE LTD
DOI: 10.1016/j.eswa.2012.04.006
Keywords
Multi-criteria decision making (MCDM); Fuzzy logic; Risk; Prospect theory; TODIM
Ask authors/readers for more resources
Many multi-criteria decision making (MCDM) methods have been proposed to handle uncertain decision making problems. Most of them are based on fuzzy numbers and they are not able to cope with risk in decision making. In recent years, some MCDM methods based on prospect theory to handle risk MCDM problems have been developed. In this paper, we propose a hybrid approach combining prospect theory and fuzzy numbers to handle risk and uncertainty in MCDM problems. So, it is possible to tackle more challenging MCDM problems. A case study involving oil spill in the sea illustrates the application of the novel method. (c) 2012 Elsevier Ltd. All rights reserved.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available