A new method for multi-attribute group decision making with triangular intuitionistic fuzzy numbers

Abstract

Purpose – The triangular intuitionistic fuzzy number (TIFN) is very useful for expressing ill-known quantity. The purpose of this paper is to develop a new method for multi-attribute group decision-making (MAGDM) problems, in which the attribute values are the TIFNs, the attribute weights are completely unknown and the weights of decision makers are given by linguistic variables. Design/methodology/approach – A new method is given to rank TIFNs based on the weighted possibility mean and standard deviation of TIFNs. The weighted Minkowski distance of TIFNs is defined by using the weighted lower and upper possibility means of TIFNs. The weights of experts are determined in terms of the voting model of intuitionistic fuzzy set (IFS). The weights of attributes can be objectively determined through utilizing the information entropy defined by weighted Minkowski distance of TIFNs. Through integrating the attribute weights and expert weights, the collective comprehensive ranking values of alternatives are obtained and used to rank the alternatives. Findings – The stock selection example and comparison analysis show the validity and applicability of the method proposed in this paper. Originality/value – The paper presents a new ranking method of TIFNs and defines the weighted Minkowski distance of TIFNs. The weights of experts are determined in terms of the voting model of IFS. The weights of attributes can be objectively determined through utilizing the information entropy. The proposed method can greatly enhance the flexibility and agility of decision-making process.