Affiliations:
School of Management, Hebei University, Baoding, Hebei, China
Correspondence:
[*]
Corresponding author. Fangfang Sun, School of Management, Hebei University, Baoding 071000, China. E-mail: 18713350614@163.com.
Abstract: In the multi-attribute decision-making problems, uncertain information can be well-represented by single-valued neutrosophic linguistic sets (SVNLSs); Decision makers’ risk attitudes toward gains and losses can be solved by prospect theory (PT). Based on both, a novel integrated fuzzy decision method is proposed which combines SVNLS and PT (SVNLS-PT). In this method, we extend linguistic scale function to adapt the single-valued neutrosophic linguistic environment. Following that, we introduce the operational laws, some aggregation operators and the distance calculating method of SVNLS. Besides, PT is employed to rank the alternatives. In order to reflect both subjective considerations of decision makers and objective information, weights of attributes are combined by objective weights and subjective weights which objective weights are obtained by mean-squared deviation method and subjective weights by establishing the liner programing model. Finally, a case study concerning investment project of Internet of Vehicles is provided to illustrate the applicability of the proposed method.
Keywords: Single-valued neutrosophic linguistic set, prospect theory, combined weight, multi-attribute decision making
