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A Possibility Priority Degree Analyzing Process for Multiple Attributes Decision Making Problems

Received: 6 December 2017     Accepted: 4 January 2018     Published: 19 January 2018
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Abstract

A multiple attributes decision making model is wildly used and studied. The goal of multiple attributes decision making problems is to select a perfect alternative. The existed methods pay attention to rank the alternatives and suggest a best alternative to decision makers. However, there is risk hiding on the priority order. When accepting the order, decision makers undertake the risk at the same time. It is unknown for decision makers. To show the advantages and disadvantages for each alternative, and the risk of a selection, we propose a possibility priority degree analyzing model. With this model, decision makers can be aware of the possibility of priority degree, similar degree and the priority risk, and then make decision. It will effectively reduce the decision risk and improve the decision efficiency.

Published in European Business & Management (Volume 4, Issue 2)
DOI 10.11648/j.ebm.20180402.11
Page(s) 44-54
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2018. Published by Science Publishing Group

Keywords

MADM, Possibility, Priority Degree, Alternatives, Attributes

References
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[3] Terry, H. (1963). Comparative evaluation of performance using multiple criteria. Management Science, 9 (3), 431-442.
[4] Papandreou, A. G. (1957). A test of a stochastic theory of choice (Vol. 16). University of California Press.
[5] Churchman, C. W., Ackoff, R. L., & Arnoff, E. L. (1957). Introduction to operations research.
[6] Aumann, R. J., & Kruskal, J. B. (1958). The coefficients in an allocation problem. Naval Research Logistics Quarterly, 5 (2), 111-123.
[7] Wohlstetter, A. (1964). Analysis and design of conflict systems. Analysis for military decisions, 103-148.
[8] Simon, H. A. (1955). A behavioral model of rational choice. The quarterly journal of economics, 99-118.
[9] Fishburn, P. C. (1964). Decision and value theory (No. 511.65 F5).
[10] Shepard, R. N. (1962). The analysis of proximities: Multidimensional scaling with an unknown distance function. I. Psychometrika, 27 (2), 125-140.
[11] Hwang, C. L., Yoon, K. (1981). Multiple Attribute Decision Making, Springer-Verlag, Berlin.
[12] Milani, A. S., Shanian, A., Madoliat, R., & Nemes, J. A. (2005). The effect of normalization norms in multiple attribute decision making models: a case study in gear material selection. Structural and multidisciplinary optimization, 29 (4), 312-318.
[13] Yoon, K. P., & Hwang, C. L. (1995). Multiple attribute decision making: an introduction (Vol. 104). Sage publications.
[14] Wang, T. C., & Lee, H. D. (2009). Developing a fuzzy TOPSIS approach based on subjective weights and objective weights. Expert Systems with Applications, 36 (5), 8980-8985.
[15] Saaty, T. L. (1988). What is the analytic hierarchy process?. In Mathematical models for decision support (pp. 109-121). Springer Berlin Heidelberg.
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  • APA Style

    Mingming Hu, Xinmiao Ye, Jibin Lan, Fang Liu. (2018). A Possibility Priority Degree Analyzing Process for Multiple Attributes Decision Making Problems. European Business & Management, 4(2), 44-54. https://doi.org/10.11648/j.ebm.20180402.11

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    ACS Style

    Mingming Hu; Xinmiao Ye; Jibin Lan; Fang Liu. A Possibility Priority Degree Analyzing Process for Multiple Attributes Decision Making Problems. Eur. Bus. Manag. 2018, 4(2), 44-54. doi: 10.11648/j.ebm.20180402.11

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    AMA Style

    Mingming Hu, Xinmiao Ye, Jibin Lan, Fang Liu. A Possibility Priority Degree Analyzing Process for Multiple Attributes Decision Making Problems. Eur Bus Manag. 2018;4(2):44-54. doi: 10.11648/j.ebm.20180402.11

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  • @article{10.11648/j.ebm.20180402.11,
      author = {Mingming Hu and Xinmiao Ye and Jibin Lan and Fang Liu},
      title = {A Possibility Priority Degree Analyzing Process for Multiple Attributes Decision Making Problems},
      journal = {European Business & Management},
      volume = {4},
      number = {2},
      pages = {44-54},
      doi = {10.11648/j.ebm.20180402.11},
      url = {https://doi.org/10.11648/j.ebm.20180402.11},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ebm.20180402.11},
      abstract = {A multiple attributes decision making model is wildly used and studied. The goal of multiple attributes decision making problems is to select a perfect alternative. The existed methods pay attention to rank the alternatives and suggest a best alternative to decision makers. However, there is risk hiding on the priority order. When accepting the order, decision makers undertake the risk at the same time. It is unknown for decision makers. To show the advantages and disadvantages for each alternative, and the risk of a selection, we propose a possibility priority degree analyzing model. With this model, decision makers can be aware of the possibility of priority degree, similar degree and the priority risk, and then make decision. It will effectively reduce the decision risk and improve the decision efficiency.},
     year = {2018}
    }
    

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  • TY  - JOUR
    T1  - A Possibility Priority Degree Analyzing Process for Multiple Attributes Decision Making Problems
    AU  - Mingming Hu
    AU  - Xinmiao Ye
    AU  - Jibin Lan
    AU  - Fang Liu
    Y1  - 2018/01/19
    PY  - 2018
    N1  - https://doi.org/10.11648/j.ebm.20180402.11
    DO  - 10.11648/j.ebm.20180402.11
    T2  - European Business & Management
    JF  - European Business & Management
    JO  - European Business & Management
    SP  - 44
    EP  - 54
    PB  - Science Publishing Group
    SN  - 2575-5811
    UR  - https://doi.org/10.11648/j.ebm.20180402.11
    AB  - A multiple attributes decision making model is wildly used and studied. The goal of multiple attributes decision making problems is to select a perfect alternative. The existed methods pay attention to rank the alternatives and suggest a best alternative to decision makers. However, there is risk hiding on the priority order. When accepting the order, decision makers undertake the risk at the same time. It is unknown for decision makers. To show the advantages and disadvantages for each alternative, and the risk of a selection, we propose a possibility priority degree analyzing model. With this model, decision makers can be aware of the possibility of priority degree, similar degree and the priority risk, and then make decision. It will effectively reduce the decision risk and improve the decision efficiency.
    VL  - 4
    IS  - 2
    ER  - 

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Author Information
  • College of Mathematics and Information Science, Guangxi University, Nanning, China

  • College of Mathematics and Information Science, Guangxi University, Nanning, China

  • College of Mathematics and Information Science, Guangxi University, Nanning, China

  • College of Mathematics and Information Science, Guangxi University, Nanning, China

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