Affiliations: [a]
School of Business, Sichuan Normal University, Chengdu, P.R. China | [b]
School of Finance, Southwestern University of Finance and Economics, Chengdu, P.R. China
Correspondence:
[*]
Corresponding author. Yanfeng Guo, School of Finance, Southwestern University of Finance and Economics, Chengdu, 610074, P.R. China. E-mail: [email protected].
Abstract: The main research of this paper is decision making under the dual probabilistic linguistic term sets (DPLTSs). This paper introduces a method, which combined TODIM method and CRITIC method. In this research, the CRITIC method is used to determine the weight, and the distance formula of TODIM method has been modified in order to adapt to DPLTS situation. Then, the TODIM method is used for multi-attribute group decision making (MAGDM) problem. Finally, a case study concerning investment project selection is given to demonstrate the merits of the developed methods. This combined method can be used for the automatic areal feature matching, medical quality assessment, and ranking of matching processes. There are very few papers about using TODIM method under DPLTS situation at present, so this is a new perspective on MAGDM. The DPLTS-TODIM-CRITIC method was compared with correlation coefficient method and closeness coefficient method, and it is easy to find the advantage of this new method over the other two existing methods.
Keywords: Multi-attribute group decision making
(MAGDM), dual probabilistic linguistic term set, TODIM, CRITIC, Generalized normalized distance measure; investment project selection
