Information Quality for Intuitionistic Fuzzy Values with Its Application in Decision Making

Abstract

Information quality has attracted increasing attention in recent years. In this paper, we propose a measure to quantify the information quality of intuitionistic fuzzy information based on a pseudo probability transformation, and derive its induced order to rank intuitionistic fuzzy values. The proposed measure and the induced order are proved to possess some well-defined properties that ensure rationality. Further, in order to rank intuitionistic fuzzy alternatives in decision making, we turn the proposed information quality into a ranking-oriented information quality, and present its induced order to generate the ranking. The decision capacity of our method is founded with the goal of rationalizing, simulating and further facilitating the interpretability and transparency in human decision making. A comparative study has been conducted, demonstrating the effectiveness of the proposed approach to ranking alternatives. The proposed approach is shown to outperform existing ranking methods via case-by-case comparisons. Finally, an application involving decision making of drug selection and an application in multi-criteria decision analysis of supplier selection are provided.