Affiliations: [a] School of Business, Ningbo University, Ningbo, China
| [b] Manchester Business School, University of Manchester, Manchester, UK
| [c] Department of Business Administration, Universitat Politècnica de Valencia, Spain
| [d] Hangzhou College of Commerce, Zhejiang Gongshang University, Hangzhou, China
| [e] College of Computer and Information, Zhejiang Wanli University, Ningbo, China
Abstract: In this paper, we develop a new method for intuitionistic fuzzy decision making problems with induced aggregation operators and distance measures. Firstly, we introduce the intuitionistic fuzzy induced ordered weighted averaging distance (IFIOWAD) operator. It is an extension of the ordered weighted averaging (OWA) operator that uses the main characteristics of the induced OWA (IOWA), the distance measures and uncertain information represented by intuitionistic fuzzy numbers. The main advantage of this operator is that it is able to consider complex attitudinal characters of the decision-maker by using order-inducing variables in the aggregation of the distance measures. We further generalize the IFIOWAD by using weighted average. The result is the intuitionistic fuzzy induced ordered weighted averaging weighted average distance (IFIOWAWAD) operator. Finally, a practical example about the selection of investments is provided to illustrate the developed intuitionistic fuzzy aggregation operators.
