Multicriteria group decision making with ELECTRE III method based on interval-valued intuitionistic fuzzy information

Shide Sadat Hashemi, Seyed Hossein Razavi Hajiagha, Edmundas Kazimieras Zavadskas, Hannan Amoozad Mahdiraji

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Abstract

A great number of real world problems can be associated with multicriteria decision making. These problems are often characterized by a high degree of uncertainty. Interval-valued intuitionistic fuzzy sets are a generalized form of an ordinal fuzzy set to deal with this natural uncertainty. In this paper, an enhanced version of the ELECTRE method, called ELECTRE III, is extended under the interval-valued intuitionistic fuzzy environment. The advantages and strengths of ELECTRE III as a decision aid technique and interval-valued intuitionistic fuzzy sets as an uncertain framework make the proposed method a suitable choice in solving practical problems. The application of the proposed method is illustrated by the solution of an investment project selection problem.
Original languageEnglish
Pages (from-to)1554-1564
Number of pages11
JournalApplied Mathematical Modelling
Volume40
Issue number2
Early online date26 Sep 2015
DOIs
Publication statusPublished - Jan 2016
Externally publishedYes

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Bibliographical note

NOTICE: this is the author’s version of a work that was accepted for publication in Applied Mathematical Modelling. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Applied Mathematical Modelling, Vol. 40, no. 2, (2016) DOI: 10.1016/j.apm.2015.08.011

© 2016, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/

Keywords

  • Multiple criteria decision making
  • ELECTRE III
  • Interval-valued intuitionistic fuzzy information
  • Investment project selection

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