The Continuous Quasi-OWA Operator and its Application to Group Decision Making

In this paper, we extend the Quasi-OWA operator to the case in which the input argument is a continuous valued interval and present the continuous Quasi-OWA (C-QOWA) operator, which generalizes a wide range of continuous operators such as the continuous ordered weighted averaging (C-OWA) operator, the continuous generalized OWA operator (C-GOWA) and the continuous generalized ordered weighted logarithm aggregation (C-GOWLA) operator. Then an orness measure to reflect the or-like degree of the C-QOWA operator is proposed. Moreover, some desirable properties of the C-QOWA operator associated with its orness measure are investigated. In addition, we apply the C-QOWA operator to the aggregation of multiple interval arguments and obtain the weighted C-QOWA operator, the ordered weighted C-QOWA (OWC-QOWA) operator, the combined C-QOWA (CC-QOWA) operator. Finally, a CC-QOWA operator-based approach for multi-attribute group decision making problem is presented, and a numerical example shows that the developed approach is feasible and the results are credible.     

Generalized Ordered Weighted Reference Dependent Utility Aggregation Operators and Their Applications to Group Decision-Making

To quantify the influence of decision makers’ psychological factors on the group decision process, this paper develops a new class of aggregation operators based on reference-dependent utility functions (RUs) in multi-attribute group decision analysis. RUs include S-shaped RU and non-S-shaped RU. Each RU affords a framework where the psychological factors explicitly enter the decision problem via the basic utility function, reference point and loss aversion coefficient. Under the general framework, we derive a generalized ordered weighted S-shaped RU proportional averaging (GOSP) operator and a generalized ordered weighted non-S-shaped RU proportional averaging (GONSP) operator, respectively. The GOSP operator implies the risk attitude of the DM for relative losses is risk-seeking, while GONSP operator indicates the risk attitude in this case is risk-averse. As a special case, GONSP operator can degenerate into GOWPA operator which means that the attitude of the DM is risk-neutral. Each operator satisfies the desirable properties of general operator, i.e., monotonicity, commutativity, idempotency and boundedness. Furthermore, we consider hyperbolic absolute risk aversion (HARA) function as the basic utility function, and define an S-shaped HARA and a non-S-shaped HARA utility functions. Based on the two new RUs, we propose GOSP–HARA operator and GONSP–HARA operator. Every operator covers many existing aggregation operators. To ascertain weights of such operators, the paper builds an attribute-deviation weight model and a DMs-deviation weight model. Based on these RU operators and weight models, an approach is addressed for solving multiple attribute group decision-making problem. At last, an example is provided to show the feasible of our approach.     

Continuous Ordered Weighted Distance Measure and Its Application to Multiple Attribute Group Decision Making

We develop a new distance measure called the continuous ordered weighted distance (COWD) measure by using the continuous ordered weighted averaging (COWA) operator in the interval distance. We study some properties and different families of the COWD measure. We further generalize the COWD measure. The prominent characteristics of the COWD measure are that it is not only a generalization of some widely used distance measures and the continuous generalized OWA operator, but also it can deal with interval deviations in aggregation on interval arguments by using a controlled parameter. The desirable characteristics make the COWD measure be suitable to wide range situations, such as decision making, engineering and economics. In the end, we develop the new approach to group decision making in investment selection.     

A Note on Linguistic Hybrid Arithmetic Averaging Operator in Multiple Attribute Group Decision Making with Linguistic Information

In this paper, we propose a linguistic hybrid arithmetic averaging (LHAA) operator, which is based on linguistic weighted arithmetic averaging (LWAA) operator and extended ordered weighted averaging (EOWA) operator, and study some desirable properties of the LHAA operator. The LHAA operator can not only reflect the importance degrees of both the given argument and its ordered position, but also relieve the influence of unfair arguments on the decision results by weighting these arguments with small values. Based on the LWAA and LHAA operators, we develop a practical approach to multiple attribute group decision making under linguistic environment. The approach first aggregates the individual linguistic preference values into a collective linguistic preference value for each alternative by using the LWAA and LHAA operators (it is worth pointing out that the aggregation process does not produce any loss of linguistic information), and then orders the collective linguistic preference values to obtain the best alternative(s). Finally, an illustrative example is also given to verify the approach and to demonstrate its feasibility and practicality.     

Induced and Linguistic Generalized Aggregation Operators and Their Application in Linguistic Group Decision Making

We introduce a wide range of induced and linguistic generalized aggregation operators. First, we present the induced linguistic generalized ordered weighted averaging (ILGOWA) operator. It is a generalization of the OWA operator that uses linguistic variables, order inducing variables and generalized means in order to provide a more general formulation. One of its main results is that it includes a wide range of linguistic aggregation operators such as the induced linguistic OWA (ILOWA), the induced linguistic OWG (ILOWG) and the linguistic generalized OWA (LGOWA) operator. We further generalize the ILGOWA operator by using quasi-arithmetic means obtaining the induced linguistic quasi-arithmetic OWA (Quasi-ILOWA) operator and by using hybrid averages forming the induced linguistic generalized hybrid average (ILGHA) operator. We also present a further extension with Choquet integrals. We call it the induced linguistic generalized Choquet integral aggregation (ILGCIA). We end the paper with an application of the new approach in a linguistic group decision making problem.     

Intuitionistic Fuzzy Ordered Weighted Cosine Similarity Measure

The aim of this paper is to introduce the intuitionistic fuzzy ordered weighted cosine similarity (IFOWCS) measure by using the cosine similarity measure of intuitionistic fuzzy sets and the generalized ordered weighted averaging (GOWA) operator. Some desirable properties and different families of the IFOWCS measure are investigated. The prominent characteristics of the IFOWCS measure are that not only it is a generalization of some widely used similarity measure, but also it can deal with the correlation of different decision matrices or multi-dimensional arrays for intuitionistic fuzzy values. We further generalize the IFOWCS measure and obtain the intuitionistic fuzzy ordered weighted similarity (IFOWS) measure. In the end, the IFOWS measure with existing similarity measures are compared with the IFOWCS measure by an illustrative example.     

Generalized Hybrid Aggregation Operators Based on the 2-Dimension Uncertain Linguistic Information for Multiple Attribute Group Decision Making

With respect to the multiple attribute decision making problems in which the attribute values take the form of the 2-dimension uncertain linguistic information, a new method based on the generalized hybrid operators is proposed. Firstly, the definition, properties, expectations and ranking method of 2-dimension uncertain linguistic information are introduced, and the operational laws the 2-dimension uncertain linguistic information are defined. Then some aggregation operators, including 2-dimension uncertain linguistic generalized weighted average operator, 2-dimension uncertain linguistic generalized ordered weighted average operator, and 2-dimension uncertain linguistic generalized hybrid weighted average operator, are developed, and some properties and special cases of them are also discussed. Finally, these operators are applied to multi-criteria decision making and an illustrative example is given to verify the developed approach and to demonstrate its effectiveness.     

Multi-criteria Group Decision-Making Method Based on Intuitionistic Interval Fuzzy Information

For problems in multi-criteria group decision-making (MCGDM), this paper defines intuitionistic interval numbers, and the operational laws and comparison method of it. Some intuitionistic interval information aggregation operators are proposed, such as intuitionistic interval weighted arithmetic averaging operator, intuitionistic interval weighted geometric averaging operator, intuitionistic interval ordered weighted averaging operator, intuitionistic interval heavy averaging operator and intuitionistic interval aggregating operator. Then, based on intuitionistic interval fuzzy information, a method is developed to handle the problems in MCGDM. In this method, by applying the knowledge level of the experts to the decision making problem, the model of maximizing comprehensive membership coefficient is constructed to determine the weights of decision makers. By calculating the distances to the ideal and negative ideal solutions, the comprehensive attribute values and the rank of the alternatives can be obtained. Finally, an example is provided to demonstrate the feasibility and effectiveness of the proposed method.     

Deriving Weights from Interval Multiplicative Preference Relations in Group Decision Making

In this article, we investigate group decision making problems with interval multiplicative preference relations (including complete interval multiplicative preference relations and incomplete interval multiplicative preference relations). On the basis of the number of judgments and the consistency degree of each interval multiplicative preference relation, we first give a combined weighting method to derive the weights of decision makers. Then, we establish two linear programming models to derive the weight intervals of alternatives from all individual consistent interval multiplicative preference relations and utilize the continuous ordered weighted averaging operator or the continuous ordered weighted geometric operator to aggregate all the values in each weight interval. In addition, we establish a more general model to check the consistency of all individual interval multiplicative preference relations. In the cases where the optimal objective value of the model is not zero, we can get the optimal weights of alternatives directly, and then utilize these optimal weights and the optimal deviation values derived from the model to construct consistent interval multiplicative preference relations. Furthermore, we discuss some special cases of the established models and illustrate our models with a practical example.     

A Deviation-Based Approach to Intuitionistic Fuzzy Multiple Attribute Group Decision Making

The aim of this article is to investigate the approach to multiple attribute group decision making (MAGDM) with intuitionistic fuzzy information. We first introduce a deviation measure between two intuitionistic fuzzy numbers, and then utilize the intuitionistic fuzzy hybrid aggregation operator to aggregate all individual intuitionistic fuzzy decision matrices into a collective intuitionistic fuzzy decision matrix. Based on the deviation measure, we develop an optimization model by which a straightforward formula for deriving attribute weights can be obtained. Furthermore, based on the intuitionistic fuzzy weighted averaging operator and information theory, we utilize the score function and accuracy function to give an approach to ranking the given alternatives and then selecting the most desirable one(s). In addition, we extend the above results to MAGDM with interval-valued intuitionistic fuzzy information.     

A Relative Entropy Approach to Group Decision Making with Interval Reciprocal Relations Based on COWA Operator

A new approach has been presented based on relative entropy to rank all the alternatives in the group decision making with interval reciprocal relations. First we introduced the continuous ordered weighted averaging operator and used it to aggregate all individual interval reciprocal relations to derive the priority vector. Then we define the consensus indicator of the interval reciprocal relations to determine the weights of experts in the group decision making. Based on the conception of relative entropy, we construct an optimization model to minimize the difference between the group priority vector and all individual priority vectors. We also give the solution to the optimal model, in which we obtain the formula to rank the given alternatives in the group decision making for the collective reciprocal relations and select the most desirable one. Finally, a numerical example shows that the developed approach is feasible and the result is credible.     

Uncertain Power Average Operators for Aggregating Interval Fuzzy Preference Relations

In this paper, we investigate group decision making problems based on interval fuzzy preference relations. We define an uncertain power weighted average (UPWA) operator and an uncertain power ordered weighted average (UPOWA) operator, on the basis of the power average operator of Yager (IEEE Trans Syst Man Cybern A 31:724–731, 1988) and the uncertain geometric mean. In the situations where the weights of experts are known, we develop a method based on the UPWA operator for group decision making with interval fuzzy preference relations; and in the situations where the weights of experts are unknown, we develop a method based on the UPOWA operator for group decision making with interval fuzzy preference relations.     

Minimizing Group Discordance Optimization Model for Deriving Expert Weights

This paper focuses on the problem of how to determine expert weights in multiple attribute group decision making. We first aggregate all the individual decision matrices into the collective decision matrix by means of the weighted arithmetic averaging operator, and then from the angle of minimizing group discordance, we establish a general nonlinear optimization model based on deviation function, and employ a genetic algorithm to solve our model so as to find the optimal expert weights. Moreover, we extend our model to uncertain multiple attribute group decision making, where the attribute values are interval numbers, and finally, apply our model to the plan evaluation of new model of cars of an investment company.     

Some Intuitionistic Fuzzy Weighted Distance Measures and Their Application to Group Decision Making

Xu and Chen (J Syst Sci Syst Eng 17:432–445, 2008) introduced a new decision-making technique called the ordered weighted distance (OWD) measure, having been proved useful for the treatment of situation where the available information is represented in exact numerical values. In this paper, we consider the situations with intuitionistic fuzzy and interval-valued intuitionistic information, and develop some intuitionistic fuzzy weighted distance measures such as intuitionistic fuzzy ordered weighted distance (IFOWD) measure, interval-valued intuitionistic fuzzy ordered weighted distance (IVIFOWD) measure, intuitionistic fuzzy hybrid weighted distance (IFHWD) measure and interval-valued intuitionistic fuzzy hybrid weighted distance (IVIFHWD) measure. These developed weighted distance measures are very suitable to deal with the situation where the input data are represented in intuitionistic fuzzy numbers or interval-lvalued intuitionistic fuzzy numbers. Then we present a consensus reaching process for group decision making with intuitionistic fuzzy preference information based on the developed distance measures. Finally, a practical application of he developed approach to the problem of evaluating university faculty for tenure and promotion is given.     

An Acceptable Consistency-Based Framework for Group Decision Making with Intuitionistic Preference Relations

This article studies acceptable consistency of intuitionistic preference relations (IPRs) and examines how to aggregate individual IPRs into a collective judgment in a group decision making (GDM) context. A consistency index is first introduced to measure the consistency level, thereby defining acceptable consistency for IPRs. If a decision-maker is unwilling or unavailable to revise his/her judgment for an IPR with unacceptable consistency, an automated approach is developed to improve its consistency to an acceptable level. The acceptably consistent IPRs are subsequently aggregated into a group opinion by using an induced ordered weighted averaging operator. A procedure is then proposed to solve GDM problems with IPRs. An illustrative example is presented to demonstrate the effectiveness and applicability of the proposed approach.     

An Interactive Approach to Multiple Attribute Group Decision Making with Multigranular Uncertain Linguistic Information

The multiple attribute group decision making (MAGDM) problems having multiple sources of uncertain linguistic information assessed in different linguistic label sets are investigated. The existing linguistic labels in a linguistic label set are uniformly and symmetrically distributed, but in many real-life situations, the unbalanced linguistic information appears due to the nature of the linguistic variables used in the problems (Herrera and Herrera-Viedma, Proceedings of 4th international workshop on preferences and decisions, Trento, Italy, 2003). In this paper, we first define some unbalanced linguistic label sets, and then develop some transformation functions to unify the given multigranular linguistic labels in a unique linguistic label set without loss of information. Moreover, we utilize the uncertain linguistic weighted averaging operator to aggregate all individual uncertain linguistic decision matrices into a collective one, and define two similarity measures, one for measuring the similarity degree between each pair of uncertain linguistic variables, and the other for checking the consensus degrees among the individual uncertain linguistic decision matrices and the collective uncertain linguistic decision matrix. Finally, we develop an interactive approach to MAGDM with multigranular uncertain linguistic information and illustrate the developed approach with an application example.     

Developing Group Ordered Weighted Averaging Operator Weights for Group Decision Support

A few single decision-making methods under uncertainty (SDMUU) are available in the literature. The reason for such scarcity seems to be mainly due to too insufficient information to induce a reasonable result for effective decision support. Moreover their final outcomes on the same SDMUU problem may be different depending on which method is applied. A group decision-making method under uncertainty (GDMUU) extends a SDMUU in a sense that a group of individuals, each expressing different opinions, work together to solve a relevant problem. As in a SDMUU, we find that just a few methods are available to solve a GDMUU problem. In the paper, the ordered weighted averaging (OWA) method, originally devised for use with the SDMUU problem, is considered to deal with a GDMUU problem where individuals of a group express their degree of optimism in terms of attitudinal characters. We first find the extreme points corresponding to the attitudinal character and then solve a quadratic mathematical program which minimizes a squared distance from each extreme point identified. Thus the resulting OWA operator weights for the group are located at the center of the weights-space constructed by attitudinal characters. This idea is further extended to deal with uncertain attitudinal character expressed in the form of interval in situations where it is difficult to reliably obtain a precise attitudinal character due to time pressure and a limited domain knowledge and so on.     

A linguistic decision process in group decision making

Assuming a set of linguistic preferences representing the preferences of the individuals, a linguistic choice process is presented. This is developed using the concept of fuzzy majority for deriving a collective linguistic preference, and the concept of nondominated alternatives for deriving the selected alternatives in the linguistic choice process. The fuzzy majorities are equated with fuzzy linguistic quantifiers. The collective linguistic preference is derived by means of a linguistic ordered weighted averaging operator whose weights are defined using a fuzzy linguistic quantifier. In order to obtain the nondominated alternatives, we present a novel reformulation of Orlovski's nondominance degree under linguistic information.     

模型平均预测理论与实证研究

文章在比较不同模型平均预测估计量性质的基础上,通过建立AR、货币数量论与菲利普斯模型对我国通货膨胀率进行组合预测,实证结果表明Granger和Ramanathan的方法在MSE和MAE方面表现最优,简单加权平均模型在MAPE方面表现最优,而MMA和JMA方法并没有表现出预期的优越性。     

DUAL REPRESENTATIONS FOR GENERAL MULTIPLE STOPPING PROBLEMS

In this paper, we study the dual representation for generalized multiple stopping problems, hence the pricing problem of general multiple exercise options. We derive a dual representation which allows for cash flows which are subject to volume constraints modeled by integer‐valued adapted processes and refraction periods modeled by stopping times. As such, this extends the works by Schoenmakers ( 2012 ), Bender ( 2011a ), Bender ( 2011b ), Aleksandrov and Hambly ( 2010 ), and Meinshausen and Hambly ( 2004 ) on multiple exercise options, which either take into consideration a refraction period or volume constraints, but not both simultaneously. We also allow more flexible cash flow structures than the additive structure in the above references. For example, some exponential utility problems are covered by our setting. We supplement the theoretical results with an explicit Monte Carlo algorithm for constructing confidence intervals for prices of multiple exercise options and illustrate it with a numerical study on the pricing of a swing option in an electricity market.