Models for economic benefit evaluation of investment project of electric power enterprise with triangular fuzzy information

Issue title: Special Section: Fuzzy Decision Making and Applications in Knowledge Management

Guest editors: Justin Zhang

Article type: Research Article

Authors: Liu, Dunnan^a | Gu, Yugui^b | Yang, Ruixing^c | Qin, Guangyu^{a; *} | Li, Xiaotong^a | Liu, Jiangyan^a | Chen, Yongquan^a

Affiliations: [a] Economics and Management School, North China Electric Power University, Beijing, China | [b] Beijing Electric Power Trading Center, Xicheng District, Beijing, China | [c] Changsha University of Science &Technology, Changsha, Changsha, China

Correspondence: [*] Corresponding author. Guangyu Qin, Economics and Management School, North China Electric Power University, Changping District, Beijing, 102206, China. 13263462372@163.com.

Abstract: Einstein product is a t-norm and Einstein sum is a t-conorm. They are good alternatives to algebraic product and algebraic sum, respectively. Nevertheless, it seems that most of the existing triangular fuzzy aggregation operators are based on the algebraic operations. In this paper, we utilize Einstein operations to develop some triangular fuzzy aggregation operators: triangular fuzzy Einstein weighted average (TFEWA) operator, triangular fuzzy Einstein ordered weighted average (TFEOWA) operator and triangular fuzzy Einstein hybrid average (TFEHA) operator. Then, we have utilized these operators to develop some approaches to solve the triangular fuzzy comprehensive evaluation problems. Finally, a practical example for evaluating the economic benefit evaluation of investment project of electric power enterprise is given to verify the developed approach.

Keywords: Fuzzy comprehensive evaluation, triangular fuzzy information, Einstein aggregation operators, triangular fuzzy Einstein hybrid average (TFEHA) operator, electric power enterprise

DOI: 10.3233/JIFS-179225

Journal: Journal of Intelligent & Fuzzy Systems, vol. 37, no. 2, pp. 1615-1620, 2019