PDHL-EDAS METHOD FOR MULTIPLE ATTRIBUTE GROUP DECISION MAKING AND ITS APPLICATION TO 3D PRINTER SELECTION

Author:

Lei Fan1,Wei Guiwu2,Shen Weijie3,Guo Yanfeng4

Affiliation:

1. School of Mathematical Sciences, Sichuan Normal University, 610066 Chengdu, P.R. China

2. School of Mathematical Sciences, Sichuan Normal University, 610066 Chengdu, P.R. China; School of Business, Sichuan Normal University, 610101 Chengdu, P.R. China

3. School of Economics and Management, Chongqing University of Arts and Sciences, 402160 Chongqing, P.R. China

4. School of Finance, Southwestern University of Finance and Economics, 610074 Chengdu, China

Abstract

With the rapid development of 3D printing technology, 3D printers are manufactured based on the principle of 3D printing technology are more and more widely used in the manufacturing industry. Choosing high quality 3D printers for industrial production is of great significance to the economic growth of enterprises. In fact, it is difficult to select the most optimal 3D printers under a single and simple standard. Therefore, this paper establishes the probabilistic double hierarchy linguistic EDAS (PDHL-EDAS) method for the multiple attribute group decision making (MAGDM). Then the CRITIC model is introduced to derive objective weight and the cumulative prospect theory is leaded into obtain the cumulative weight of PDHLTS. In addition, what’s more, the PDHL-EDAS method is built and applied to the choice of high-quality 3D printer. Finally, compared with the available MAGDM methods under PDHLTS, the built method is proved to be scientific and effective.

Publisher

Vilnius Gediminas Technical University

Subject

Finance

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