Affiliations: [1] School of Business, Sichuan Normal University, Chengdu, 610101, PR China | [2] School of Statistics, Southwestern University of Finance and Economics, Chengdu, 611130, PR China | [3] School of Finance, Southwestern University of Finance and Economics, Chengdu, 610074, PR China
Correspondence:
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Corresponding author.
Abstract: Picture fuzzy sets (PFSs) utilize the positive, neutral, negative and refusal membership degrees to describe the behaviours of decision-makers in more detail. In this article, we expound the application of extended TODIM based on cumulative prospect theory under picture fuzzy multiple attribute group decision making (MAGDM). In addition, we adopt Information Entropy, which is used to ascertain the weighting vector of attributes to improve the availability of the TODIM method. At last, we exercise the improved TODIM into a numerical case for super market location and testify the effectiveness of this new method by comparing its results with other methods’ results.
Keywords: multiple attribute group decision making (MAGDM), picture fuzzy sets, TODIM, supermarket location
DOI: 10.15388/20-INFOR418
Journal: Informatica, vol. 32, no. 4, pp. 865-886, 2021
