Multi-Attribute Decision-Making Based on Preference Perspective with Interval Neutrosophic Sets in Venture Capital

Fuzzy information in venture capital can be well expressed by neutrosophic numbers, and TODIM method is an effective tool for multi-attribute decision-making. The distance measure is an essential step in TODIM method. The keystone of this paper is to define several new distance measures, in particul...

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Bibliographic Details
Main Authors: Yanran Hong, Dongsheng Xu, Kaili Xiang, Han Qiao, Xiangxiang Cui, Huaxiang Xian
Format: Article
Language:English
Published: MDPI AG 2019-03-01
Series:Mathematics
Subjects:
Online Access:http://www.mdpi.com/2227-7390/7/3/257
Description
Summary:Fuzzy information in venture capital can be well expressed by neutrosophic numbers, and TODIM method is an effective tool for multi-attribute decision-making. The distance measure is an essential step in TODIM method. The keystone of this paper is to define several new distance measures, in particular the improved interval neutrosophic Euclidean distance, and these measures are applied in the TODIM method for multi-attribute decision-making. Firstly, the normalized generalized interval neutrosophic Hausdorff distance is defined and proved to be valid in this paper. Secondly, we define a weighted parameter interval neutrosophic distance and discuss whether different weight parameters affect the decision result based on TODIM method. Thirdly, considering the preference perspective of decision-makers in behavioral economics, we define the improved interval neutrosophic Euclidean distance with the known parameter of risk preference. Finally, an application example is given to compare the effects of different parameters on the result and discuss the feasibility of these two distance measures in TODIM method.
ISSN:2227-7390