Dynamic Hybrid Multiple Attribute Decision-Making Problem Based on Reference Point Adaptation
Joint Authors
Ma, Weimin
Sun, Bingzhen
Zhang, Hui
Wang, Neng-Li
Zhao, Hai-Yan
Source
Mathematical Problems in Engineering
Issue
Vol. 2019, Issue 2019 (31 Dec. 2019), pp.1-8, 8 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2019-11-29
Country of Publication
Egypt
No. of Pages
8
Main Subjects
Abstract EN
Individuals’ decision-making depends on reference points in prospect theory.
This research considers the bounded rationality of decision makers and constructs a dynamic hybrid multiple attribute decision-making (DHMADM) model.
Unlike existing models, the DHMADM model focuses on dynamic reference point, which has been proven in prospect theory.
This research presents the effects of reference point adaptation on decision-making through model calculation.
The optimal choice of decision makers changed with the change of the reference point in the DHMADM model.
By experiment, we found that the DHMADM model considering reference point adaptation can more accurately express the final choice of decision makers than models only considering the static reference point.
American Psychological Association (APA)
Ma, Weimin& Zhang, Hui& Sun, Bingzhen& Wang, Neng-Li& Zhao, Hai-Yan. 2019. Dynamic Hybrid Multiple Attribute Decision-Making Problem Based on Reference Point Adaptation. Mathematical Problems in Engineering،Vol. 2019, no. 2019, pp.1-8.
https://search.emarefa.net/detail/BIM-1200626
Modern Language Association (MLA)
Ma, Weimin…[et al.]. Dynamic Hybrid Multiple Attribute Decision-Making Problem Based on Reference Point Adaptation. Mathematical Problems in Engineering No. 2019 (2019), pp.1-8.
https://search.emarefa.net/detail/BIM-1200626
American Medical Association (AMA)
Ma, Weimin& Zhang, Hui& Sun, Bingzhen& Wang, Neng-Li& Zhao, Hai-Yan. Dynamic Hybrid Multiple Attribute Decision-Making Problem Based on Reference Point Adaptation. Mathematical Problems in Engineering. 2019. Vol. 2019, no. 2019, pp.1-8.
https://search.emarefa.net/detail/BIM-1200626
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1200626