A Regret-Based Three-Way Decision Model Under Interval Type-2 Fuzzy Environment

Abstract

Three-way decision provides a new perspective for dealing with uncertainty and complexity in decision-making problems. However, behaviors of decision-makers may be influenced by different risk attitudes in reality. To address this problem, in this article, we construct a regret-based three-way decision model under interval type-2 fuzzy environment. Basically, regret theory and interval type-2 fuzzy set are utilized to improve three-way decision in coping with the risk and uncertainty. Two core issues focus on the determination of decision rules and estimation of conditional probabilities for different decision-makers under interval type-2 fuzzy environment. The maximum-utility decision rules are derived based on regret theory. An interval type-2 fuzzy technique for order preference by similarity to ideal solution method is utilized to estimate the conditional probability. The results of the illustrative example show that the proposed model can effectively solve uncertain decision problems. The comparative analysis and experimental evaluations are utilized to elaborate on the performance of the regret-based three-way decision model.