RESUMO
The assessment of investment risk for the countries along the route in Belt and Road (B&R) can be deemed as a multiple criteria group decision making (MCGDM) issue since multiple investment options based on diverse criterions are assessment by experts. Pondering that the complexity and uncertainty of the assessment setting and the cognition fuzziness and psychological behavior of experts bring challenges to risk assessment, this paper designed an integrated MCGDM risk investment evaluation framework by synthesizing MABAC method and prospect theory under Fermatean fuzzy setting. Firstly, a Fermatean fuzzy interactive distance measure is presented to ascertain the weight of evaluation experts and criterions. Next, some Fermatean fuzzy Frank aggregation operators based upon the proposed Frank operations are developed to fuse Fermatean fuzzy information efficiently. In addition, an innovative evaluation framework for risk investment is designed based on improved prospect theory MABAC and CRITIC approaches. Conclusively, an empirical concerning risk investment issues in B&R is employed to confirm the applicability and feasibility of the constructed evaluation framework, involving the simulation experiments on sensitivity analysis and contrast studies. The assessment information provided by investors using the linguistic assessment terms based upon their cognition ability of them. These outcomes obtained by the propounded method and comparison analysis further emphasize the validity and salient merits of the propounded framework and provide several auxiliary suggestions for investors.
