MABAC method based on cumulative prospect theory for MCGDM with dual probabilistic linguistic term set and applications to sustainable supplier selection

Article type: Research Article

Authors: Wang, Zeyuan | Cai, Qiang^{; *} | Lu, Jianping | Wei, Guiwu

Affiliations: School of Business, Sichuan Normal University, Chengdu, P.R. China

Correspondence: [*] Corresponding author. Qiang Cai. E-mail: [email protected].

Abstract: Dual probabilistic linguistic term set (DPLTS) is a new proposed decision-making environment. It uses probabilistic form to represent the appraisal of the alternative from decision makers. There are few methods to deal with DPLTS according to the literature proposed up to now. The purpose of this article is to proposed a new improved Multi-Attribute Border Approximation Area Comparison (MABAC) method extended by cumulative prospect theory (CPT) and combined with DPLTS to address the multi-criteria group decision-making (MCGDM) problem of sustainable supplier selection. In order to make the decision procedure containing more fuzzy information, we also improved the equation of distance between DPLTSs with system of rectangular coordinates. This new improved MABAC method is combined with CPT and it is semi-objective method. Not only in the procedure of calculating distance between alternatives and border approximation area, but also in the procedure of determining the weights of attributes. At the end of this paper, the comparison of this new method with other proposed DPLTS methods, such as Correlation Coefficient Method and DPLTS-TODIM-CRITIC Method, demonstrates the availability and difference.

Keywords: Multi-Criteria Group Decision-Making (MCGDM), dual probabilistic linguistic term sets (DPLTSs), MABAC method, Cumulative prospect theory (CPT), entropy weight, fuzzy distance, sustainable supplier selection

DOI: 10.3233/JIFS-230410

Journal: Journal of Intelligent & Fuzzy Systems, vol. 45, no. 3, pp. 3587-3608, 2023