The objective of this paper is to present a technique for order preference by similarity to ideal solution (TOPSIS) algorithm to linear fractional bi-level multi-objective decision-making problem. TOPSIS is used to yield most appropriate alternative from a finite set of alternatives based upon simultaneous shortest distance from positive ideal solution (PIS) and furthest distance from negative ...

This article addresses reinsurance decision making process, which involves the insurance company and the reinsurance company, and is negotiated through reinsurance intermediaries. The article proposes a decision flow to model the reinsurance design and selection process. In contrast to existing literature on pure proportional reinsurance or stop-loss reinsurance, this article focuses on the com...

Bipolar neutrosophic sets are the extension of neutrosophic sets and are based on the idea of positive and negative preferences of information. Projection measure is a useful apparatus for modelling real life decision making problems. In the paper, we define projection, bidirectional projection and hybrid projection measures between bipolar neutrosophic sets. Three new methods based on the prop...

The current study set to extend a new VIKOR method as a compromise ranking approach to solve multiple criteria decision-making (MCDM) problems through intuitionistic fuzzy analysis. Using compromise method in MCDM problems contributes to the selection of an alternative as close as possible to the positive ideal solution and far away from the negative ideal solution, concurrently. Using Atanasso...

Multiple attribute decision analysis (MADA) problems in the situation of belief group decision making (BGDM) are a special class of decision problems, where the attribute evaluations of each decision maker (DM) are represented by belief functions. In order to solve these special problems, in this paper, TOPSIS (technique for order preference by similarity to ideal solution) model is extended by...

To solve multiple attribute decision making problems with intuitionistic trapezoidal fuzzy information, two optimization models based on the maximizing deviation method, by which the attribute weights can be determined, is established. We utilize the intuitionistic trapezoidal fuzzy weighted geometric mean (ITFWGM) operator to aggregate the intuitionistic trapezoidal fuzzy information correspon...

The purpose of this paper is to extend a new balancing and ranking method to handle uncertainty for a multiple attribute analysis under a hesitant fuzzy environment. The presented hesitant fuzzy balancing and ranking (HF-BR) method does not require attributes’ weights through the process of multiple attribute decision making (MADM) under hesitant conditions. For the rating of possible alternati...

The aim of this paper is to investigate intuitionistic fuzzy multiple attribute group decision making problems where the attribute values provided by experts are expressed in intuitionistic fuzzy numbers, and the weight information about the experts is to be determined. We present a new method to derive the weights of experts and rank the preference order of alternatives based on projection mod...