Multi-Attribute Decision-Making Based on Preference Perspective with Interval Neutrosophic Sets in Venture Capital

Abstract

Fuzzy information in venture capital can be well expressed by neutrosophic numbers, and TODIM method is an effective tool for multi-attribute decision-making. The distance measure is an essential step in TODIM method. The keystone of this paper is to define several new distance measures, in particular the improved interval neutrosophic Euclidean distance, and these measures are applied in the TODIM method for multi-attribute decision-making. Firstly, the normalized generalized interval neutrosophic Hausdorff distance is defined and proved to be valid in this paper. Secondly, we define a weighted parameter interval neutrosophic distance and discuss whether different weight parameters affect the decision result based on TODIM method. Thirdly, considering the preference perspective of decision-makers in behavioral economics, we define the improved interval neutrosophic Euclidean distance with the known parameter of risk preference. Finally, an application example is given to compare the effects of different parameters on the result and discuss the feasibility of these two distance measures in TODIM method.

An Extended TOPSIS Method with Unknown Weight Information in Dynamic Neutrosophic Environment

“…In this section, we compare the proposed method with those in Thong et al [17] and Peng [29] to demonstrate the advantages for unknown weight information in dynamic neutrosophic environments. Data used to prove the performance of the method are in [17].…”

“…Data used to prove the performance of the method are in [17]. Table 6 shows that the rankings of lectures by Thong et al [17] as A 2 A 3 A 4 A 1 A 5 and Peng [29] as A 2 A 3 A 1 A 4 A 5 . Thus, A 2 is still the best option.…”

“…Tian et al [28] combined single-valued neutrosophic sets with completely unknown criteria weights and qualitative flexible multiple criteria method for MCDM problems. In addition, for handling multi attribute decision-making problems with interval neutrosophic information, Hong et al [29] discussed some distance measure based on the TODIM (an acronym in Portuguese for Interactive and Multicriteria Decision Making) method.…”

The Influence of Local Economic Conditions on Start-Ups and Local Open Innovation System

“…Such actions can stifle entrepreneurship and innovation, and discourage start-up initiatives. International statistics show that many innovative ventures (often also those supported by public funds) become the only an attractive form of increasing investors' capital without engaging their own human resources and the intellectual capital they represent [69][70][71][72]. Importantly, the organizational separation of the start-up additionally limits the risk of investors in case of the collapse of the start-up.…”

Interval-valued hesitant fuzzy TODIM method for dynamic emergency responses

“…Furthermore, as different experts hold different opinions on the decision alternatives and the inherent uncertainty of the decision information, the emergency decision-making problem (EDMP) is subset to the multi-attribute group decision-making (MAGDM) problem. However, different from the other MAGDM problems, such as supply chain management decisions (Baptista et al 2019 ; Ηatzisymeon et al 2019 ), investment risk decision making (Hong et al 2019 ; Cheng et al 2018 ), EEs often require the decision makers (DMs) to make critical decisions within very tight time windows (Peng and Garg 2018 ) and sometimes under risks and much uncertainty (Ding et al 2019 ). The outcomes of the decision making may adversely affect other courses of action (Li and Cao 2019 ).…”