Three-Way Multiattribute Decision-Making Based on Outranking Relations

In contrast to two-way decisions (2WD), three-way decisions (3WD) can effectively reduce decision risks by utilizing a new delayed decision option. This article incorporates 3WD into multiattribute decision-making (MADM) based on an outranking relation. We construct the outranked set for each altern...

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Published in:	IEEE transactions on fuzzy systems Vol. 29; no. 10; pp. 2844 - 2858
Main Authors:	Zhan, Jianming, Jiang, Haibo, Yao, Yiyu
Format:	Journal Article
Language:	English
Published:	New York IEEE 01.10.2021 The Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subjects:	Adaptation models Decision making Decision-theoretic rough fuzzy set (DTRFS) Indexes Investment multiattribute decision-making outranking relation Rough sets three-way decision Uncertainty
ISSN:	1063-6706, 1941-0034
Online Access:	Get full text
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Abstract	In contrast to two-way decisions (2WD), three-way decisions (3WD) can effectively reduce decision risks by utilizing a new delayed decision option. This article incorporates 3WD into multiattribute decision-making (MADM) based on an outranking relation. We construct the outranked set for each alternative and introduce a hybrid information table that combines an MADM matrix with a loss function table. We propose three strategies to design a new 3WD model for MADM. The rationality and effectiveness of the proposed 3WD method are demonstrated by solving a problem of enterprise project investment target selections. Finally, we provide the comparative analysis and two experimental evaluations. The results show that the proposed 3WD method is effective and practically useful.
AbstractList	In contrast to two-way decisions (2WD), three-way decisions (3WD) can effectively reduce decision risks by utilizing a new delayed decision option. This article incorporates 3WD into multiattribute decision-making (MADM) based on an outranking relation. We construct the outranked set for each alternative and introduce a hybrid information table that combines an MADM matrix with a loss function table. We propose three strategies to design a new 3WD model for MADM. The rationality and effectiveness of the proposed 3WD method are demonstrated by solving a problem of enterprise project investment target selections. Finally, we provide the comparative analysis and two experimental evaluations. The results show that the proposed 3WD method is effective and practically useful.
Author	Zhan, Jianming Yao, Yiyu Jiang, Haibo
Author_xml	– sequence: 1 givenname: Jianming orcidid: 0000-0003-2510-9515 surname: Zhan fullname: Zhan, Jianming email: zhanjianming@hotmail.com organization: Department of Mathematics, Hubei Minzu University, Enshi, China – sequence: 2 givenname: Haibo orcidid: 0000-0002-7665-3417 surname: Jiang fullname: Jiang, Haibo email: 1872482530@qq.com organization: Department of Mathematics, Hubei Minzu University, Enshi, China – sequence: 3 givenname: Yiyu surname: Yao fullname: Yao, Yiyu email: yyao@cs.uregina.ca organization: Department of Computer Science, University of Regina, Regina, SK, Canada
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Snippet	In contrast to two-way decisions (2WD), three-way decisions (3WD) can effectively reduce decision risks by utilizing a new delayed decision option. This...
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SubjectTerms	Adaptation models Decision making Decision-theoretic rough fuzzy set (DTRFS) Indexes Investment multiattribute decision-making outranking relation Rough sets three-way decision Uncertainty
Title	Three-Way Multiattribute Decision-Making Based on Outranking Relations
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