Abstract
Abstract This article proposes a distribution function based on normal distribution to express the distribution of criterion values in the interval. This method considers that the economic evaluation target of investment projects is multi-attribute. The economic management risk control environment is divided into information environment, time and space environment, and subject environment. The paper gives the corresponding multi-attribute economic evaluation method for the six possible combinations of project risk environments under the possibility of mutual comparison between interval numbers under the normal distribution. In the end, an example is used to illustrate the practicability and simplicity of the decision-making method.
Highlights
The traditional economic evaluation theory of investment projects believes that the subject of investment decision-making is an ‘economic man.’ The broker’s investment behavior is ‘completely rational’, and he pursues the goal of maximization
Evaluation methods improved based on traditional investment project evaluation methods, such as the multiobjective analytic hierarchy process (AHP) method, data envelopment analysis (DEA), accurate options method, etc
The economic evaluation theory of investment projects under the perspective of Multi-attribute decision-making (MADM) researched and discussed in this article is conducive to the ultimate realisation of a multi-attribute synergy of the investment project’s goals of its value, economic benefits, social benefits and ecological benefits
Summary
The traditional economic evaluation theory of investment projects believes that the subject of investment decision-making is an ‘economic man.’ The broker’s investment behavior is ‘completely rational’, and he pursues the goal of maximization. The broker’s investment behavior is ‘completely rational’, and he pursues the goal of maximization When he makes a ‘maximum’ selection decision, all measures or programmes are ‘known’ or ‘given’. The random variable whose attribute value obeys or approximately obeys the normal distribution is the most common form. Some scholars have put forward the possibility of mutual comparison between interval numbers under the normal distribution. They still adopt a MADM method based on interval numbers [2]. The paper gives the corresponding multi-attribute economic evaluation method for the six possible combinations of project risk environments under the possibility of mutual comparison between interval numbers under the normal distribution
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