Group Decision Making Based on Trust Relationship, Prospect Theory and Hesitant Fuzzy Preference from the Perspective of WSR Methodology

Abstract

Abstract: Based on the Wuli-Shili-Renli (WSR) methodology, this paper defines and analyzes "Wuli" (objective uncertain information), "Shili" (process of group decision making) and "Renli" (human psychological behavior and the trust relationships among people) in group decision making, and introduces corresponding methods to quantify the above three factors. A group decision-making method considering trust relationship and prospect theory with hesitant fuzzy sets is proposed by considering "Wuli", "Shili" and "Renli". A numerical example is presented to verify the validity of the proposed method. Comparison with traditional group decision making method is also given to illustrate the advantages of the proposed method.

Key words: Group decision making, Wuli-Shili-Renli, hesitant fuzzy sets, trust relationship, prospect theory

Zhou Xiaoyang, Wang Liqin, Feng Pingping, Hu Zhongquan, Wen Haoyu. Group Decision Making Based on Trust Relationship, Prospect Theory and Hesitant Fuzzy Preference from the Perspective of WSR Methodology[J]. Management Review, 2020, 32(7): 66-75.

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