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     Research Journal of Applied Sciences, Engineering and Technology


Fuzzy MADM with Triangular Numbers for Project Investment Model based on Left and Right Scores

Lanping Li and Guobing Fan
Department of Basic Subjects, Hunan University of Finance and Economics, Changsha 410205, P.R. China
Research Journal of Applied Sciences, Engineering and Technology  2014  13:2793-2797
http://dx.doi.org/10.19026/rjaset.7.601  |  © The Author(s) 2014
Received: November 04, 2013  |  Accepted: November 13, 2013  |  Published: April 05, 2014

Abstract

Because of the complexity of limitation and realistic decision of decision knowledge, multiple attribute decision making problems with the attribute value often need to characterize fuzzy number. The triangular fuzzy number to describe this kind of ambiguity is very effective and for the project investment selection problem with triangular fuzzy numbers, this study puts forward a new multiple attribute decision making method. The concrete steps are: we first define the left and right scores based the normalized triangular fuzzy numbers and then the decision matrix is transformed into the interval number decision-making matrix. Finally the distance based on alternative and ideal solution as the principle of optimal alternatives for sorting and merit. At the end of the study, an example is given to show that the method proposed in this study is effective and practical.

Keywords:

Ideal solution, left and right scores, multiple attribute decision making, triangular fuzzy number,


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Competing interests

The authors have no competing interests.

Open Access Policy

This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.

Copyright

The authors have no competing interests.

ISSN (Online):  2040-7467
ISSN (Print):   2040-7459
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