Prospect Theory Based Multi-criteria Decision Making Method

摘要：

With respect to risk decision making problems, a multi-criteria decision making method based on prospect theory is proposed. This method firstly describes multi-criteria decision making problem. Reference points of criteria are given and the outcomes for criteria are calculated. Then, 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 Outcome Prospect result

作者: Hu Jun-hua Zhou Yi-wen

作者单位: Business School, Central South University, Changsha 410083, China Research Center of Logistics, SCM Business School, Central South University, Changsha 410083, China

会议类型: 国际会议

会议名称: 2009年中国控制与决策会议(2009 Chinese Control and Decision Conference)

会议地点: 广西桂林

会议语种:英文

页码: 2930-2934

在线出版日期: 2009-06-17（万方平台首次上网日期，不代表论文的发表时间）