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Risk-oriented group decision making in multi-criteria analysis

conference contribution
posted on 06.12.2017, 00:00 by Santoso WibowoSantoso Wibowo, Hepu DengHepu Deng
Evaluating and selecting alternatives from available alternatives with respect to multiple, often conflicting criteria in a group decision making setting is complex and challenging due to the risk associated with the uncertainty and imprecision existent in the human decision making process. To effectively solve this problem, this paper proposes a risk-oriented group decision making approach for adequately modelling the inherent risk in the multi-criteria group decision making process. Linguistic variables approximated by triangular fuzzy numbers are used for representing the subjective and imprecise assessments of the decision maker in evaluating the relative importance of the evaluation criteria and the performance of alternatives. The concept of ideal solutions is applied for calculating the overall performance index for each alternative across all criteria so that the complex and unreliable process of comparing fuzzy utilities is avoided. An example is presented to demonstrate the applicability of the proposed approach for solving the information system project selection problem in real world settings.

History

Start Page

9

End Page

14

Number of Pages

6

Start Date

01/01/2010

ISBN-13

9781424481989

Location

Yamagata, Japan

Publisher

IEEE

Place of Publication

Yamagata, Japan.

Peer Reviewed

Yes

Open Access

No

External Author Affiliations

Learning and Teaching Education Research Centre (LTERC); RMIT University; TBA Research Institute;

Era Eligible

Yes

Name of Conference

International Conference on Computer and Information Science