Academic Journal

A two-stage group stochastic preference analysis based on best-worst method.

Λεπτομέρειες βιβλιογραφικής εγγραφής
Τίτλος: A two-stage group stochastic preference analysis based on best-worst method.
Συγγραφείς: Dai, Ning, Zhou, Ligang, Wu, Qun
Πηγή: Applied Intelligence; Nov2024, Vol. 54 Issue 22, p11233-11247, 15p
Θεματικοί όροι: Group decision making, Monte Carlo method, Stochastic analysis, Decision making, Algorithms
Περίληψη: This paper proposes an integrated approach to group decision-making (GDM) by using stochastic preference analysis (SPA) and best-worst method (BWM). BWM preparation algorithm is proposed to obtain the best and worst of experts and the relative importance degree. Meanwhile, expert weights model and expert's priority vector model are proposed. Furthermore, the stochastic composite rank acceptability index, stochastic composite expected priority vector, stochastic composite expected rank and stochastic composite confidence factor are developed based on SPA to describe the ranks of alternatives based on SPA. Finally, a group stochastic preference analysis-best worst method (GSPA-BWM) algorithm is developed by analyzing the judgments space through Monte Carlo simulation. The experts can use this method to choose some of the outcomes which they find most useful to make reliable decisions. Examples and comparison analyses show that the proposed method is effective. [ABSTRACT FROM AUTHOR]
Copyright of Applied Intelligence is the property of Springer Nature and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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  – Url: https://dx.doi.org/doi:10.1007/s10489-024-05730-5
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Items – Name: Title
  Label: Title
  Group: Ti
  Data: A two-stage group stochastic preference analysis based on best-worst method.
– Name: Author
  Label: Authors
  Group: Au
  Data: <searchLink fieldCode="AR" term="%22Dai%2C+Ning%22">Dai, Ning</searchLink><br /><searchLink fieldCode="AR" term="%22Zhou%2C+Ligang%22">Zhou, Ligang</searchLink><br /><searchLink fieldCode="AR" term="%22Wu%2C+Qun%22">Wu, Qun</searchLink>
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  Data: Applied Intelligence; Nov2024, Vol. 54 Issue 22, p11233-11247, 15p
– Name: Subject
  Label: Subject Terms
  Group: Su
  Data: <searchLink fieldCode="DE" term="%22Group+decision+making%22">Group decision making</searchLink><br /><searchLink fieldCode="DE" term="%22Monte+Carlo+method%22">Monte Carlo method</searchLink><br /><searchLink fieldCode="DE" term="%22Stochastic+analysis%22">Stochastic analysis</searchLink><br /><searchLink fieldCode="DE" term="%22Decision+making%22">Decision making</searchLink><br /><searchLink fieldCode="DE" term="%22Algorithms%22">Algorithms</searchLink>
– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: This paper proposes an integrated approach to group decision-making (GDM) by using stochastic preference analysis (SPA) and best-worst method (BWM). BWM preparation algorithm is proposed to obtain the best and worst of experts and the relative importance degree. Meanwhile, expert weights model and expert's priority vector model are proposed. Furthermore, the stochastic composite rank acceptability index, stochastic composite expected priority vector, stochastic composite expected rank and stochastic composite confidence factor are developed based on SPA to describe the ranks of alternatives based on SPA. Finally, a group stochastic preference analysis-best worst method (GSPA-BWM) algorithm is developed by analyzing the judgments space through Monte Carlo simulation. The experts can use this method to choose some of the outcomes which they find most useful to make reliable decisions. Examples and comparison analyses show that the proposed method is effective. [ABSTRACT FROM AUTHOR]
– Name: Abstract
  Label:
  Group: Ab
  Data: <i>Copyright of Applied Intelligence is the property of Springer Nature and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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      – SubjectFull: Stochastic analysis
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      – SubjectFull: Algorithms
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              Text: Nov2024
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