The behavioral TOPSIS

被引：124

作者：

Yoon, K. Paul ^{[1
]}

Kim, Won Kyung ^{[2
]}

机构：

[1] Fairleigh Dickinson Univ, Dept Informat Syst & Decis Sci, Silberman Coll Business, 1000 River Rd, Teaneck, NJ 07666 USA

[2] Kyungnam Univ, Dept Comp Engn, Wolyundong 449, Masan 631702, Kyungnam, South Korea

来源：

EXPERT SYSTEMS WITH APPLICATIONS | 2017年 / 89卷

关键词：

Multiple attribute decision making; TOPSIS; Efficient frontier; Multi-attribute value function; Behavioral economics; Loss aversion; Endowment effect; DECISION-MAKING; CHOICE;

D O I：

10.1016/j.eswa.2017.07.045

中图分类号：

TP18 [人工智能理论];

学科分类号：

081104 ; 0812 ; 0835 ; 1405 ;

摘要：

This paper updates and expands the TOPSIS that was introduced four decades ago. First, we re-present the logic of TOPSIS according to the traditional decision theory. It shows that TOPSIS also has a built-in multi-attribute value function that is not revealed explicitly. So far, this has been a hidden aspect of TOPSIS. Second, we incorporate the decision maker's (DM) behavioral tendency into TOPSIS. The behavioral TOPSIS accommodates the loss aversion concept in behavioral economics. A DM can set the loss aversion ratio to reflect his/her choice inclination. Two cases are illustrated to show the efficacy of the behavioral TOPSIS.(C) 2017 Elsevier Ltd. All rights reserved.

引用

页码：266 / 272

页数：7

共 32 条

[1]

[Anonymous], 2013, Multi-Criteria Decision Analysis

[2]

[Anonymous], 1992, Fuzzy Multiple Attribute Decision Making: Methods and Applications

[3] A state-of the-art survey of TOPSIS applications [J].

Behzadian, Majid ;

Otaghsara, S. Khanmohammadi ;

Yazdani, Morteza ;

Ignatius, Joshua .

EXPERT SYSTEMS WITH APPLICATIONS, 2012, 39 (17) :13051-13069

[4] Endowment effects in chimpanzees [J].

Brosnan, Sarah F. ;

Jones, Owen D. ;

Lambeth, Susan P. ;

Mareno, Mary Catherine ;

Richardson, Amanda S. ;

Schapir, Steven J. .

CURRENT BIOLOGY, 2007, 17 (19) :1704-1707

[5]

Buccafusco C, 2010, CORNELL LAW REV, V96, P1

[6]

Buede D.M., 1995, J MULTI-CRITERIA DEC, V4, P1, DOI [10.1002/mcda.4020040102, DOI 10.1002/MCDA.4020040102]

[7] Domestic open-end equity mutual fund performance evaluation using extended TOPSIS method with different distance approaches [J].

Chang, Ching-Hui ;

Lin, Jyh-Jiuan ;

Lin, Jyh-Horng ;

Chiang, Miao-Chen .

EXPERT SYSTEMS WITH APPLICATIONS, 2010, 37 (06) :4642-4649

[8] An extreme-distance approach to multiple criteria ranking [J].

Chen, Ye ;

Kilgour, D. Marc ;

Hipel, Keith W. .

MATHEMATICAL AND COMPUTER MODELLING, 2011, 53 (5-6) :646-658

[9]

Garvey P.R., 2008, Analytical Methods for Risk Management: A Systems Engineering Perspective

[10]

Hammack J., 1974, Waterfowl and wetlands : Toward bioeconomic analysis

← 1 2 3 4 →