2021
DOI: 10.1002/int.22552
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Intuitionistic fuzzy MABAC method based on cumulative prospect theory for multiple attribute group decision making

Abstract: Intuitionistic fuzzy sets are often employed to depict complex and uncertain environments. The purpose of this article is to construct a new approach for dealing with multiattribute group decision making (MAGDM) problems. In this paper, we introduce the concept of cumulative prospect theory (CPT) into the original multiattributive border approximation area comparison (MABAC) method and create the intuitionistic fuzzy MABAC method based on CPT (CPT‐IF‐MABAC method). The new CPT‐IF‐MABAC method not only has fair… Show more

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Cited by 75 publications
(20 citation statements)
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“…Those who dislike being blocked think that the efficiency loss is greater than the actual loss, which is in line with the cumulative prospect theory(CPT). The CPT [20,21] argues that decision-making choices under uncertainty depend on the difference between the outcome and the expectation rather than the outcome itself, i.e., people make decisions with a reference standard in mind and then measure how much the outcome of each decision differs from this reference standard, and they tend to prefer risk when faced with losses, which is more in line with psychological observations. Due to the existence of such psychological expectations of people, it is likely to take the action of accelerating the completion of work to reduce the loss of efficiency, but this also dramatically increases the collision risk, so the robot must pay attention to such psychological perception of people when making decisions.…”
Section:  mentioning
confidence: 94%
“…Those who dislike being blocked think that the efficiency loss is greater than the actual loss, which is in line with the cumulative prospect theory(CPT). The CPT [20,21] argues that decision-making choices under uncertainty depend on the difference between the outcome and the expectation rather than the outcome itself, i.e., people make decisions with a reference standard in mind and then measure how much the outcome of each decision differs from this reference standard, and they tend to prefer risk when faced with losses, which is more in line with psychological observations. Due to the existence of such psychological expectations of people, it is likely to take the action of accelerating the completion of work to reduce the loss of efficiency, but this also dramatically increases the collision risk, so the robot must pay attention to such psychological perception of people when making decisions.…”
Section:  mentioning
confidence: 94%
“…The evaluation results of the MABAC are highly robust, but the evaluation results are less affected by the criteria weight. Therefore, the impact of the importance of criteria is ignored to a certain extent [47,48]. The MARCOS considers both ideal solutions and anti-ideal solutions and calculates the utility functions of alternatives to rank them.…”
Section: The Framework and Applicability Of Proposed Hybrid Mcdm Modelmentioning
confidence: 99%
“…It is extremely difficult to eliminate the impact of psychological characteristics of DMs in the process of GEDM under a major epidemic. At present, several behavioral theories have been incorporated into MCGDM, such as prospect theory [ 26 ], cumulative prospect theory (CPT) [ 27 29 ], the interactive and multiple attribute decision making (TODIM) [ 24 , 30 32 ], and regret theory [ 33 , 34 ].…”
Section: Introductionmentioning
confidence: 99%