Journal
JOURNAL OF THE OPERATIONAL RESEARCH SOCIETY
Volume 63, Issue 11, Pages 1534-1544Publisher
PALGRAVE MACMILLAN LTD
DOI: 10.1057/jors.2011.164
Keywords
multiple criteria analysis; analytic network process (ANP); fuzzy judgments; fuzzy analytic network process (FANP); international investment
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Currently, the analytic network process (ANP) method is widely employed to consider the multiple criteria analysis problems with dependence and feedback effects. However, in order to extend the ANP to resolve the problem of uncertainty or human subjective judgment, the concepts of fuzzy numbers should be incorporated into the ANP to represent the subjective uncertain pairwise judgments. In this paper, therefore, we propose a novel fuzzy analytic network process (FANP) model by solving a mathematical programming problem. Unlike other FANPs, the proposed method does not require the reciprocity assumption of the weight ratios between criteria, and it can derive local and global weights simultaneously in a single model. Two numerical examples of international investment problems are used to demonstrate the proposed method. Journal of the Operational Research Society (2012) 63, 1534-1544. doi: 10.1057/jors.2011.164 published online 15 February 2012
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