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Erschienen in:
2015 | OriginalPaper | Buchkapitel
A Prospect Theory Based Approach to Heterogeneous Multiple Attribute Group Decision Making
verfasst von : Rong Liu, Yu Luo
Erschienen in: Proceedings of the 5th International Asia Conference on Industrial Engineering and Management Innovation (IEMI2014)
Verlag: Atlantis Press
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Heterogeneous multiple attribute group decision making (HMAGDM) problems are very complex and important in practical applications of decision making theory. In this paper, we proposed a prospect theory based method to solve HMAGDM problems. Specifically, the selection process under heterogeneous context is first proposed to obtain the individual ranking of alternatives. Then, the preference-approval structures are used to determine the reference points of the prospect theory. Next, the individual prospect values of the alternatives are calculated based on the prospect theory and the established reference points. Finally, the collective prospect values of the alternatives are derived to rank the alternatives.