A New Method to Support Decision-Making in an Uncertain Environment Based on Normalized Interval-Valued Triangular Fuzzy Numbers and COMET Technique

Abstract

Multi-criteria decision-making (MCDM) plays a vibrant role in decision-making, and the characteristic object method (COMET) acts as a powerful tool for decision-making of complex problems. COMET technique allows using both symmetrical and asymmetrical triangular fuzzy numbers. The COMET technique is immune to the pivotal challenge of rank reversal paradox and is proficient at handling vagueness and hesitancy. Classical COMET is not designed for handling uncertainty data when the expert has a problem with the identification of the membership function. In this paper, symmetrical and asymmetrical normalized interval-valued triangular fuzzy numbers (NIVTFNs) are used for decision-making as the solution of the identified challenge. A new MCDM method based on the COMET method is developed by using the concept of NIVTFNs. A simple problem of MCDM in the form of an illustrative example is given to demonstrate the calculation procedure and accuracy of the proposed approach. Furthermore, we compare the solution of the proposed method, as interval preference, with the results obtained in the Technique for Order of Preference by Similarity to Ideal solution (TOPSIS) method (a certain preference number).