A Generalized PROMETHEE III with Risk Preferences on Losses and Gains

H. Shih, Yu-ting Chang, Chii-Pwu Cheng
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引用次数: 10

Abstract

This study aims to generalize the Preference Ranking Organization METHod for Enrichment Evaluations (PROMETHEE) III model by introducing risk preferences of decision makers. The risk preferences are expressed by an S-shaped value function with gain and loss parts. This study then illustrates an environmental evaluation of waste treatment plants for waste electrical and electronic equipment (WEEE) in Taiwan. Sensitivity analysis and the rank test demonstrate that the proposed model is rather stable. The PROMETHEE methods have been involved in various applications, especially in environmental management. One core process of PROMETHEE is to establish a preference difference function with two types of thresholds. The range of the slope lines of the linear preference is within the interval of [0, 1]. Working from the concept of the prospect theory, we extend its S-shaped function to the interval range of [-1, 1] so as to express risk preferences that occur in two quadrants. This research assesses a project on 15 local WEEE treatment plants to promote their recycling capability and technology competitiveness. According to the five aspects, the performance measures of the plants are obtained from a field study. The proposed model has an advantage on rank invariance by changing the thresholds in our case with sensitivity analysis demonstrating the robustness of the model. The generalized PROMETHEE III with risk preferences indeed provides an extension for making a decision in an uncertain environment.
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具有损失和收益风险偏好的广义PROMETHEE III
本研究旨在通过引入决策者的风险偏好来推广PROMETHEE (Preference Ranking Organization METHod for Enrichment evaluation) III模型。风险偏好用一个带有收益和损失部分的s形值函数表示。本研究并举例说明台湾废弃电子电气设备处理厂之环境评价。灵敏度分析和秩检验表明,该模型具有较好的稳定性。PROMETHEE方法已被用于各种应用,特别是在环境管理方面。PROMETHEE的一个核心过程是建立具有两种阈值的偏好差函数。线性偏好的斜率线范围在[0,1]区间内。从前景理论的概念出发,我们将其s形函数扩展到区间范围[- 1,1],以表示两个象限内发生的风险偏好。本研究以当地15间报废电子电气设备处理厂为研究对象,评估其回收能力及技术竞争力。根据这五个方面,从田间研究中得出了植物的性能指标。本文提出的模型在秩不变性方面具有优势,通过改变阈值进行敏感性分析,证明了模型的鲁棒性。具有风险偏好的广义PROMETHEE III确实为在不确定环境下做出决策提供了一种扩展。
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来源期刊
International Journal of Information and Management Sciences
International Journal of Information and Management Sciences Engineering-Industrial and Manufacturing Engineering
CiteScore
0.90
自引率
0.00%
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0
期刊介绍: - Information Management - Management Sciences - Operation Research - Decision Theory - System Theory - Statistics - Business Administration - Finance - Numerical computations - Statistical simulations - Decision support system - Expert system - Knowledge-based systems - Artificial intelligence
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