An Analytics Framework to Evaluate Group Decision-Making Capabilities of the Fuzzy Best Worst Method

Y. L. Li, Y. P. Tsang, C. H. Wu, C. K.M. Lee

Research output: Chapter in book / Conference proceedingConference article published in proceeding or bookAcademic researchpeer-review

Abstract

In the research of multi-attribute decision-making (MADM), the best-worst method is now regarded as promising to support decision-makers in solving discrete multi-criteria decision problems. To extend its capabilities in handling data vagueness and decision makers' ambiguity, the fuzzy best worst method (FBWM) was introduced in 2017. However, its group decision-making capability using different aggregation operators is still under-explored. Therefore, there is a need to systematically compare the performance of different aggregation operators to support future FBWM applications for achieving the group decision-making process. This study proposes a systematic framework to compare five aggregation operators in the fuzzy best-worst method. In contrast, performance metrics for MADM methods are defined to measure the effectiveness of the group decision-making process. Two case studies found that the geometric mean method is the most effective approach to achieving group consensus in the type-1 FBWM, while the max-min method is the worst.

Original languageEnglish
Title of host publicationProceedings - 2023 5th International Conference on Decision Science and Management, ICDSM 2023
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages34-37
Number of pages4
ISBN (Electronic)9798350325010
DOIs
Publication statusPublished - Mar 2023
Event5th International Conference on Decision Science and Management, ICDSM 2023 - Changsha, China
Duration: 3 Mar 20235 Mar 2023

Publication series

NameProceedings - 2023 5th International Conference on Decision Science and Management, ICDSM 2023

Conference

Conference5th International Conference on Decision Science and Management, ICDSM 2023
Country/TerritoryChina
CityChangsha
Period3/03/235/03/23

Keywords

  • aggregation
  • comparison
  • component
  • fuzzy best-worst method
  • Group decision-making
  • performance metrics

ASJC Scopus subject areas

  • Management Science and Operations Research
  • Statistics, Probability and Uncertainty
  • Control and Optimization
  • Computer Science Applications
  • Decision Sciences (miscellaneous)
  • Information Systems and Management

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