Some new basic operations of probabilistic linguistic term sets and their application in multi-criteria decision making

Yue, Na; Xie, Jiancang; Chen, Shui-Li

doi:10.1007/s00500-019-04651-7

Cited by 28 publications

(14 citation statements)

References 62 publications

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“…Fuzzy theory results in things that are not only "yes" and "no" but leads to a concept of degree between "yes" and "no" [88,[102][103][104]. The linguistic variable of fuzzy theory is used as the experts' scoring scale to solve the inconsistency of subjective cognition and make the question degree closer to reality [105][106][107][108]. Then, designing fuzzy numbers (FNs) represented by different linguistic variables, let the respondents select the most appropriate meaning [109,110].…”

Section: Fuzzy Decision-making Trial and Evaluation Laboratory Methodsmentioning

confidence: 99%

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An Examination of the Catalyst for Tapping into Mobile Financial Services in the Post-COVID-19 World

Sun

Chang

2021

Mathematics

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Amid the widespread impact of COVID-19, mobile financial services (MFS) have experienced extensive requests due to the failure to perform physical installments and the need for secure transactions. This trend cannot end the utility of cash but it may promote portable monetary administration toward a cashless world. MFS is anticipated to have a bright future as m-commerce increasingly becomes widely known. This study proposes the choice of making a trial and assessment research facility by using a fuzzy model as the most expository device. General forms of a triangular fuzzy number are subjective categories for a linguistic variable. Linguistic variables take on values defined in their term set, that is, the set of linguistic terms. The essential components, including personal innovativeness, transaction completeness, user-friendliness, anonymity, and privacy, are causal competitive advantages of the mobile payment system framework and may play a critical part in reacting to MFS. This study shows that transaction completeness, innovative interface design, privacy, and security facilitate MFS adoption. Furthermore, reliability is necessary to enhance trust in the MFS technology. This study draws on the outcomes of administrative suggestions and recommends a few observational strategies to improve the monetary administration in the MFS industry.

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Section: Fuzzy Decision-making Trial and Evaluation Laboratory Methodsmentioning

confidence: 99%

“…The assessment scale for causal relations and a pair-wise comparison of the quality variables are built on [68,72]. We alluded to the scale planned by Yue et al [108] and Büyüközkan and Göçer [111] and accepted 0, 1, 2, 3, and 4 as five levels of estimation.…”

Section: Fuzzy Decision-making Trial and Evaluation Laboratory Methodsmentioning

confidence: 99%

An Examination of the Catalyst for Tapping into Mobile Financial Services in the Post-COVID-19 World

Sun

Chang

2021

Mathematics

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“…(1) Define the quality factor characteristics and establish an evaluation scale The evaluation scale for causal relations and a pair-wise comparison of the quality factors is then constructed. We referred to the scale designed by Yue et al (2020) and Büyüközkan and Göçer (2019) and adopted 0, 1, 2, 3, and 4 as the five levels of measurement.…”

Section: Expert Interviewsmentioning

confidence: 99%

Fuzzy Decision-Making Soft Model for Family Financial Planning in The Post COVID-19 World

Sun

2021

Preprint

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With COVID-19 making headlines around the world, it is normal to feel uncertain about many aspects of life right now, including family financial planning and wealth management. With the increase in family wealth and the size of organizations, there is a comparable increase in their assets. There is considerable demand for professionals to manage these assets and coordinate investment activities in order to maintain growth. The issue arises of how to increase a wealth management bank’s competitive advantages by segmenting a set of the selection criteria for a wealth management bank to effectively manage personal wealth. The results showed that the management’s learning and growth perspective was the most important causal dimension of wealth management bank selection. This paper also draws on the research results for managerial practice implications.

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“…Furthermore, many improvements have been made in decision-making issues on PLTSs. Yue et al (2020b) put forward the group utility measure, the individual regret measure and the compromise measure under PLTSs. Some studies discussed decision making methods under PLTSs.…”

Section: Introductionmentioning

confidence: 99%

Location Selection of Express Distribution Centre with Probabilistic Linguistic MABAC Method Based on the Cumulative Prospect Theory

Tang¹,

Wei²,

Chen³

2022

Informatica

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In our daily life, we could be confronted with numerous multiple attribute group decision making (MAGDM) problems. For such problems we designed a model which employs probabilistic linguistic MABAC (multi-attributive border approximation area comparison) based on the cumulative prospect theory (CPT-PL-MABAC) method to solve the MAGDM. The CPT-PL-MABAC method can take experts' psychological behaviour and preferences into consideration. Furthermore, we utilize the combined weight consisting of subjective weight and objective weight. The objective weight is acquired by the entropy method. Additionally, the concrete calculating steps of CPT-PL-MABAC method are proposed to solve the MAGDM for selecting the optimal location of express distribution centre. Also, a numerical example for location selection of express distribution centre is given as the justification of the usefulness of the designed method. Finally, we compare the designed model with the other three existing models, and summarize the advantages and shortcomings.

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Some new basic operations of probabilistic linguistic term sets and their application in multi-criteria decision making

Cited by 28 publications

References 62 publications

An Examination of the Catalyst for Tapping into Mobile Financial Services in the Post-COVID-19 World

An Examination of the Catalyst for Tapping into Mobile Financial Services in the Post-COVID-19 World

Fuzzy Decision-Making Soft Model for Family Financial Planning in The Post COVID-19 World

Location Selection of Express Distribution Centre with Probabilistic Linguistic MABAC Method Based on the Cumulative Prospect Theory

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