A novel method based on probabilistic linguistic term sets and its application in ranking products through online ratings

In practical decision-making problems, the coexistence of several complex situations increases the difficulty for decision makers to make reasonable decision, such as attributes outnumber alternatives, heterogeneous relationships among multiple attributes, and individual risk tendency of decision maker. In view of the advantage of probabilistic linguistic term sets (PLTSs) in presenting qualitative information, a novel decision-making approach with PLTSs is constructed to deal with the above special situations simultaneously. To realize this goal, some basic models have been proposed. First of all, to truly reflect the importance of attributes from the heterogeneous relationships, a weight determination model with generalized Banzhaf values is developed to analyze the interaction between combinations of attributes. Then, for analyzing the individual risk tendency of decision maker, the generalized Banzhaf TODIM method with PLTSs is constructed. Moreover, based on the above research results, the generalized Banzhaf TODIM-QUALIFLEX method with PLTSs is developed to solve decision-making problems where the number of attributes exceeds the number of alternatives, the combinations of attributes are interacted with each other, and decision maker is affected by individual risk propensity. Lastly, smartphones selection through online ratings is a typical case of decision-making problems with the above situations, which is designed to illustrate the performance of the proposed method. And its rationality and advantages are further demonstrated through some comparative analyses with other methods.

Automated summary

The author proposed a novel decision-making approach using probabilistic linguistic term sets to handle multiple complex situations such as attributes outnumbering alternatives, heterogeneous relationships, and individual risk tendency. The research results demonstrated the method's advantages in dealing with decision-making problems with these special situations.