Stochastic VIKOR method based on prospect theory
Zhigeng Fang · Computer Engineering and Applications Journal · 2012
A VIKOR decision making method based on prospect theory is proposed originally, in order to improve the decision reliability, stability and to prevent the reverse order of a TOPSIS method based on prospect theory. The new VIKOR method is proposed to construct the prospect decision matrix and to order the cases on the condition of the acceptable advantages and decision-making process stability. At the same time the new calculation steps are put forward; both results of computing example and of compared with TOPSIS method are proved that the decision method is with feasibility, effectiveness and higher stability.