Affiliations: [a] School of Economics and Management, Chongqing University of Posts and Telecommunications, Chongqing, P.R. China | [b] Chongqing Key Laboratory of Electronic Commerce and Supply Chain System, Chongqing Technology and Business University, Chongqing, P.R. China | [c] School of Management and Economics, University of Electronic Science and Technology of China, Chengdu, P.R. China
Correspondence:
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Corresponding author. Jiafu Su, Chongqing Key Laboratory of Electronic Commerce and Supply Chain System, Chongqing Technology and Business University, Chongqing 400067, P.R. China. E-mail: [email protected].
Abstract: In the field of engineering economy, engineering investment selection is a common problem, where the preference information is usually intuitionistic and fuzzy. To deal with the consistency and integrity of the information in the selection process, the aim of this article is to extend the superiority and inferiority ranking method and use the interval-valued intuitionistic fuzzy theory, where the individual evaluation values and the weights information of criteria and decision-makers are all described by interval-valued intuitionistic fuzzy numbers. First, some concepts of interval-valued intuitionistic fuzzy set are introduced. Then, the interval-valued intuitionistic fuzzy superiority and inferiority ranking (IVIF-SIR) method is developed. Moreover, an engineering investment selection model based on IVIF-SIR method is investigated. Finally, an illustration of choosing investment alternatives is used to prove the developed approach and a comparative study is also use to demonstrate the effectiveness.
Keywords: SIR method, multiple criteria group decision making, interval-valued
intuitionistic fuzzy Set
