Multi-criteria decision making method with interval values based on prospect theory

摘要：

With respect to uncertain decision making problems with interval value for criteria preference, a multi-criteria decision making method based on prospect theory is proposed. This method regards criteria value as a random variable in the interval and a probability function is constructed so that the highest value is in the middle of the interval and the lowest value is in the endpoints of the interval. Then, Reference points of criteria are given and the outcomes for criteria are calculated. According to value function and decision weight function, the prospect value of criteria for every alternative is calculated, and the prospect value of alternative is acquired by weighted average method. At last, all the alternatives are sorted and the optimal one is chosen according to the prospect values. Feasibility of the method is demonstrated by a simple illustrative example.

关键词： Prospect theory Multi-criteria decision making Reference point Interval value

作者: ZHOU Jian-da CHEN Xiao-hong

作者单位: Postdoctoral Station of Management Science and Engineer The Third Xiang-ya Hospital, Central South U Postdoctoral Station of Management Science and Engineer

会议类型: 国际会议

会议名称: 第八届武汉电子商务国际会议(The Eighth Wuhan International Conference on E-Business)

会议地点: 武汉

会议语种:英文

页码: 1179-1185

在线出版日期: 2009-05-30（万方平台首次上网日期，不代表论文的发表时间）