Abstract
Real-world decision-making problems often consist in considering multiple and antithetic objectives. Therefore, multi-objective decision making (MODM) is a practical framework in implicational areas. In this paper, a fuzzy MODM problem is considered, where all of its parameters are defined fuzzily, and a solution inspired by multi-attribute VIKOR method is proposed. The proposed method tries to find fuzzy efficient solution for a problem by minimizing its combinational distance from an ideal and anti-ideal solution. This method can reveal the efficient frontier of the problem. Applicability of the proposed method is shown in an illustrative example and its application is summarized in an investment problem. Both examples show applicability of the proposed method.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal of Information Technology & Decision Making
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
