Abstract
This paper puts forward the concept of incentive utility, which converts the value of each attribute in multi-attribute decision-making into a unified index for measurement, thus simplifying multi-attribute decision-making. In this paper, a comprehensive evaluation model based on the TOPSIS of incentive utility is established. Through the establishment of incentive index, the utility of incentive and the calculation of ideal point of utility, the disadvantage of "ideal point is not ideal" in the TOPSIS is overcome. It can better synthesize the sub-attribute value and realize the subjective multi-attribute decision-making. The example shows that the model can apply subjective factors to decision-making scientifically, and the result is more reasonable and effective.
Highlights
The multi-value thing widely exists in the real world
This paper puts forward the concept of incentive utility, which converts the value of each attribute in multi-attribute decision-making into a unified index for measurement, simplifying multi-attribute decision-making
A comprehensive evaluation model based on the TOPSIS of incentive utility is established
Summary
The multi-value thing widely exists in the real world. In order to determine its value, we must consider how to synthesize the values existing in various attributes, which requires the use of multi-attribute utility theory. In the multi-attribute utility theory, the form of the multiattribute utility function is very complex, and it is generally difficult to obtain, only when certain conditions are satisfied among the attributes (such as the condition of "value independence"). It is difficult or even impossible to get the conditions of value independence between attributes, so finding a unified measurement standard and transforming subattribute value into a unified index has become an important research orientation of multi-attribute decisionmaking. According to this idea, this paper puts forward the concept of incentive utility, unifies the index value of each attribute, and the incentive utility index can be applied to multi-attribute decision-making
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