Todim Method For Single Valued Neutrosophic Multiple Attribute Decision Making

Recently, the TODIM has been used to solve multiple attribute decision making (MADM) problems. The single-valued neutrosophic sets (SVNSs) are useful tools to depict the uncertainty of the MADM.

In this paper, a new method based on PROMETHEE and TODIM is proposed to solve the MADM problem under the single-valued neutrosophic environment. Based on the calculation formula of inflow and outflow in PROMETHEE method, and the calculation formula of overall dominance in the TODIM method, a new integrated formula is obtained.

In this article, we extend the original TODIM (Portuguese acronym for Interactive Multi-Criteria Decision Making) method to the 2-tuple linguistic neutrosophic fuzzy environment to propose the 2TLNNs TODIM method. In the extended method, we use 2-tuple linguistic neutrosophic numbers (2TLNNs) to present the criteria values in multiple attribute group decision making (MAGDM) problems.

Fuzzy information in venture capital can be well expressed by neutrosophic numbers, and TODIM method is an effective tool for multi-attribute decision-making. The distance measure is an essential step in TODIM method. The keystone of this paper is to define several new distance measures, in particular the improved interval neutrosophic Euclidean distance, and these measures are applied in the TODIM method for multi-attribute decision-making. Firstly, the normalized generalized interval neutrosophic Hausdorff distance is defined and proved to be valid in this paper. Secondly, we define a weighted parameter interval neutrosophic distance and discuss whether different weight parameters affect the decision result based on TODIM method. Thirdly, considering the preference perspective of decision-makers in behavioral economics, we define the improved interval neutrosophic Euclidean distance with the known parameter of risk preference. Finally, an application example is given to compare the effects of different parameters on the result and discuss the feasibility of these two distance measures in TODIM method.

In this paper, the TODIM method is used to solve the multi-attribute decision-making problem with unknown attribute weight in venture capital, and the decision information is given in the form of single-valued neutrosophic numbers. In order to consider the objectivity and subjectivity of decision-making problems reasonably, the optimal weight is obtained by combining subjective weights and objective weights. Subjective weights are given directly by decision makers. Objective weights are obtained by establishing a weight optimization model with known decision information, then this method will compare with entropy weight method. These simulation results also validate the effectiveness and reasonableness of this proposed method.

In this paper, the TODIM method is used to solve the multi-attribute decision-making problem with unknown attribute weight in venture capital, and the decision information is given in the form of single-valued neutrosophic numbers. In order to consider the objectivity and subjectivity of decision-making problems reasonably, the optimal weight is obtained by combining subjective weights and objective weights. Subjective weights are given directly by decision makers. Objective weights are obtained by establishing a weight optimization model with known decision information, then this method will compare with entropy weight method. These simulation results also validate the effectiveness and reasonableness of this proposed method.

In this paper, the TODIM method is used to solve the multi-attribute decision-making problem with unknown attribute weight in venture capital, and the decision information is given in the form of single-valued neutrosophic numbers. In order to consider the objectivity and subjectivity of decision-making problems reasonably, the optimal weight is obtained by combining subjective weights and objective weights.

Multi-attribute decision-making refers to the decision-making problem of selecting the optimal alternative or sorting the scheme when considering multiple attributes, which is widely used in engineering design, economy, management and military, etc. But in real application, the attribute information of many objects is often inaccurate or uncertain, so it is very important for us to find a useful and efficient method to solve the problem. Neutrosophic set is proposed from philosophical point of view to handle inaccurate information efficiently, and a single-valued neutrosophic set (SVNS) is a special case of neutrosophic set, which is widely used in actual application fields. In this paper, a new method based on single-valued neutrosophic sets aggregation to solve multi-attribute decision making problem is proposed. Firstly, the neutrosophic decision matrix is obtained by expert assessment, a score function of single-valued neutrosophic sets (SVNSs) is defined to obtain the positive ideal solution (PIS) and the negative ideal solution (NIS). Then all alternatives are aggregated based on TOPSIS method to make decision. Finally numerical examples are given to verify the feasibility and rationality of the method.