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Path Choice of Emergency Logistics Based on Cumulative Prospect Theory
Joint Authors
Zhu, Changfeng
Wang, Qingrong
Zhang, Zheng-kun
Source
Journal of Advanced Transportation
Issue
Vol. 2019, Issue 2019 (31 Dec. 2019), pp.1-11, 11 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2019-03-05
Country of Publication
Egypt
No. of Pages
11
Main Subjects
Abstract EN
We study the problem of path choice for emergency logistics in this paper.
Based on the uncertainty environment during the path choice from emergency logistics network and the bounded rationality of decision makers, cumulative prospect theory is introduced to study the problem of emergency logistics path choice with comprehensive consideration of path properties and risk attitude of decision makers.
In addition, the decision behavior of decision maker with the attitude of risk seeking and risk aversion under limited rationality is comprehensively analyzed respectively.
Based on the choice behavior, a strategy to demarcate the value of reference point value is also proposed, and an optimization model is used to obtain the combined weight based on the moment estimation.
Finally, both the theory and model are verified by calculation and compared analysis in a case study.
In addition, perturbation analyses of related parameter are carried out to further reveal the influence mechanism between the prospect value of each path and related parameters.
The result shows that the decision-making model can make emergency logistics path choice with higher efficiency and reliability under different complex interference conditions.
American Psychological Association (APA)
Zhu, Changfeng& Zhang, Zheng-kun& Wang, Qingrong. 2019. Path Choice of Emergency Logistics Based on Cumulative Prospect Theory. Journal of Advanced Transportation،Vol. 2019, no. 2019, pp.1-11.
https://search.emarefa.net/detail/BIM-1170185
Modern Language Association (MLA)
Zhu, Changfeng…[et al.]. Path Choice of Emergency Logistics Based on Cumulative Prospect Theory. Journal of Advanced Transportation No. 2019 (2019), pp.1-11.
https://search.emarefa.net/detail/BIM-1170185
American Medical Association (AMA)
Zhu, Changfeng& Zhang, Zheng-kun& Wang, Qingrong. Path Choice of Emergency Logistics Based on Cumulative Prospect Theory. Journal of Advanced Transportation. 2019. Vol. 2019, no. 2019, pp.1-11.
https://search.emarefa.net/detail/BIM-1170185
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1170185