A statistical approach to large-scale group decision making with incomplete hesitant fuzzy linguistic information by incorporating risk attitude

Abstract

In response to the lack of information and the arguments among the decision-makers (DMs) in large-scale group decision making (LSGDM), this study proposes a method that integrates decision risk and risk attitude into LSGDM with hesitant fuzzy linguistic preference relations (HFLPRs) based on statistical estimation. Firstly, the DMs are arranged into several subgroups via their risk attitudes. Next, the whole or part of the five-number summary for subgroups from incomplete information provided by DMs are collected. After that, the optimization model and Monte Carlo simulation are utilized to obtain mean and standard deviation estimators of the decision information, and the mean estimator is regarded as the evaluation information of subgroup. Then, the hesitant fuzzy linguistic term sets (HFLTSs) with different number of linguistic variables are normalized according to their risk attitudes and confidence interval. Meanwhile, the number of members in subgroups and the decision risk level of subgroups are combined to determine the weights of subgroups. Moreover, a minimum deviation model is derived to rank alternatives. Finally, a case study, sensitivity analysis and comparison are used to guarantee the rationality and availability of the proposed method.