Abstract
In this paper, a new method for ranking interval grey numbers to address the challenge in multi-criteria decision-making problems with interval grey numbers has been proposed. This new method involves the risk preferences of decision makers. First, we propose a new method to rank the interval grey numbers by comparing the possibility degree or whitened value. Second, we classify the decision makers into three different types according to their risk preferences then we establish the corresponding risk preference assumptions to solve the problem that different interval grey numbers with the same possibility degree or whitened value. Finally, we use a realistic voting example to demonstrate the practicability and effectiveness of the proposed method.
Recommended Citation
Z. Li et al., "The Interval Grey Numbers Ranking based on Risk Preferences," 2017 IEEE International Conference on Grey Systems and Intelligent Services Gsis 2017, pp. 8 - 13, article no. 8077660, Institute of Electrical and Electronics Engineers, Oct 2017.
The definitive version is available at https://doi.org/10.1109/GSIS.2017.8077660
Department(s)
Electrical and Computer Engineering
Keywords and Phrases
Advantage relation; Interval grey number; Multi-criteria decision making; Possibility degree; Risk preferences
International Standard Book Number (ISBN)
978-150906667-4
Document Type
Article - Conference proceedings
Document Version
Citation
File Type
text
Language(s)
English
Rights
© 2025 Institute of Electrical and Electronics Engineers, All rights reserved.
Publication Date
19 Oct 2017
Comments
National Natural Science Foundation of China, Grant 71301075