Three-way investment decisions during the epidemic with Choquet-based bi-projection method
Fuzzy Optimization and Decision Making
; 22(2):169-194, 2023.
Article
in English
| ProQuest Central | ID: covidwho-2316554
ABSTRACT
The outbreak of epidemic has had a big impact on the investment market of China. Facing the turbulence in the investment market, many enterprises find it difficult to judge the development prospects of investment projects and make the right investment decisions. The three-way decisions offer a novel study perspective to solve this problem. Then the developed model is applied to select the investment projects. Firstly, some relevant attributes of the project are described with the double hierarchy hesitant fuzzy linguistic term sets. And a double hierarchy hesitant fuzzy linguistic information system is constructed for each project. Secondly, the weights of attributes are determined with the Choquet integral method. And the closeness degree calculated by Choquet-based bi-projection method is taken as the conditional probability that the project will be profitable. Next, considering the influence of the bounded rationality of decision makers, the threshold parameters are calculated based on prospect theory. Finally, the decision results about investment projects during four stages are deduced based on the principle of maximum-utility, which demonstrates the practicability and effectiveness of the proposed model.
Computers--Artificial Intelligence; Three-way decisions; Double hierarchy hesitant fuzzy linguistic term sets; Choquet-based bi-projection method; Prospect theory; Linguistics; Decision theory; Conditional probability; Fuzzy sets; Epidemics; Information systems; Coronaviruses; Decision making; COVID-19
Full text:
Available
Collection:
Databases of international organizations
Database:
ProQuest Central
Language:
English
Journal:
Fuzzy Optimization and Decision Making
Year:
2023
Document Type:
Article
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