2019
DOI: 10.1155/2019/8512423
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Path Choice of Emergency Logistics Based on Cumulative Prospect Theory

Abstract: We study the problem of path choice for emergency logistics in this paper. Based on the uncertainty environment during the path choice from emergency logistics network and the bounded rationality of decision makers, cumulative prospect theory is introduced to study the problem of emergency logistics path choice with comprehensive consideration of path properties and risk attitude of decision makers. In addition, the decision behavior of decision maker with the attitude of risk seeking and risk aversion under l… Show more

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Cited by 12 publications
(2 citation statements)
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References 27 publications
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“…The experimental results indicated that the route optimization strategy considering road slope reduced vehicle route costs, indicating the correctness of considering vehicle load and road slope factors in transportation logistics. Zhu et al [15] constructed an emergency logistics route selection model based on cumulative prospect theory, integrating path attributes and decision-makers' risk attitudes into the decisionmaking model. The model also analyzed the decision-making behavior of the decisionmakers.…”
Section: Related Workmentioning
confidence: 99%
“…The experimental results indicated that the route optimization strategy considering road slope reduced vehicle route costs, indicating the correctness of considering vehicle load and road slope factors in transportation logistics. Zhu et al [15] constructed an emergency logistics route selection model based on cumulative prospect theory, integrating path attributes and decision-makers' risk attitudes into the decisionmaking model. The model also analyzed the decision-making behavior of the decisionmakers.…”
Section: Related Workmentioning
confidence: 99%
“…With respect to the value of weight w l , some empowerment methods have been developed, such as fuzzy theory [34], group decision-making [35], and rough set theory [36]. In this paper, the entropy weight method is strongly recommended in that this method can effectively avoid decision errors caused by incomplete information [37,38]. Let A � (a ij ) |L|×n be an attribute matrix; herein, |L| is the number of rescheduled trains, and n is the number of attributes, such as train type, the importance of train path, and the number of interface stations.…”
Section: Optimization Model For Trep-based Dedsmentioning
confidence: 99%