A Novel Todim Based on Prospect Theory to Select Green Supplier With Q-Rung Orthopair Fuzzy Set

Abstract

Green supply chain has developed rapidly due to the advocacy of ecological civilization, and choosing a proper green supplier is a crucial issue. Considering the fuzziness of evaluation information and the psychological states of decision makers (DMs) in selecting process, a novel TODIM based on prospect theory with q-rung orthopair fuzzy set (q-ROFS) is proposed. The novel TODIM concerns both the perceived transformed probability weighting function and the differences in risk attitudes. A new distance, which concerns the herd mentality, is carried out to measure the perceived difference of the q-ROFS. Besides, a new systematic evaluation index system, named as PCEM (Product, Cooperation ability, Environment, Market), has been established. A case related to pork supplier companies is presented and fully demonstrates the effectiveness of the novel TODIM when compared with the extended one, the intuitionistic fuzzy TODIM, the Pythagorean fuzzy TODIM as well as the TOPSIS with q-ROFS. Finally, a series of comparative analyses illustrate the advantages of the proposed TODIM.

The Effect of Business Cycles on Health Expenditure: A Story of Income Inequality in China

“…China has paid more and more attention to environmental protection in recent years, as the environmental pollution caused by rapid economic growth has become more serious. Health problems caused by environmental pollution increase health expenditure (47)(48)(49). During the 13th Five-Year Plan period, China has made remarkable achievements in improving environmental quality (50).…”

q ‐Rung orthopair fuzzy decision‐making framework for integrating mobile edge caching scheme preferences

“…in Reference [13]; p r = 2, = 2 in Reference [18]; k = 1 in Reference [30]; r λ = 6, = (1, 1, 1, 1, 1, 1) in Reference [23]; k = 1 in Reference [25]; r s γ = = 2, = 1 in Reference [21]; k = 1 in Reference [24]; p = 2 in Reference [35]; p θ = 2, = 0.69 in Reference [45]; andθ p = (0.012, 0.025, 0.036, 0.028, 0.043, 0.024), = 1 in Reference [43]. Meanwhile, for the case with group decision, we use the original integrated evaluation matrix and do the corresponding algorithm operation.…”

“…Rani and Mishra 44 investigated q‐ ROF weighted aggregated sum product assessment (WASPAS) framework for fuel technology selection. Tian et al 45 presented a revised TODIM based on prospect theory for choosing green supplier under q‐ ROF environment.…”

“…However, our proposed method can effectively avoid such situations and maintain the consistency of the optimal MECS results with some existing methods, such as CoCoSo, 40 TOPSIS, 35 q-ROFWC 1 , 32 TOPSIS, 31 GLDS, 37 and TODIM. 45 T A B L E 13 Ranking results from different methods (q = 3) for Example 2…”

The risk assessment of construction project investment based on prospect theory with linguistic preference orderings

“…Meanwhile, a lot of scholars have devoted to this aspect research and demonstrated the usefulness of behavioral decision-making revealed by the prospect theory (Abdellaoui, 2000;Birnbaum, 2005;Bleichrodt et al, 2009;He & Zhou, 2011;Lu et al, 2020;Zhou et al, 2019). In recent years, prospect theory has been applied to deal with some decision-making problems such as behavioral decision-making (Fan et al, 2013;Wang et al, 2015), multi-attribute decision-making (Fan et al, 2013;Liu et al, 2014;Tian et al, 2018Tian et al, , 2020 and MEDM (Yan & Liu, 2014), etc.…”