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HFMADM method based on nondimensionalization and its application in the evaluation of inclusive growth

    Xiaodi Liu Affiliation
    ; Zengwen Wang Affiliation
    ; Antoinette Hetzler Affiliation

Abstract

Inclusive growth, which encompasses different aspects of life, is a growth pattern that allows all people to participate in and contribute to growth process. In this paper, a novel hesitant fuzzy multiple attribute decision making (HFMADM) approach based on the nondimensionalization of decision making attributes is presented and then applied to the evaluation of inclusive growth in China. Firstly, a novel generalized hesitant fuzzy distance measure is proposed to calculate the difference and deviation between two hesitant fuzzy elements (hfes) without adding any values into the shorter hesitant fuzzy element. Secondly, the coefficient of variation and efficacy coefficient method are extended to accommodate hesitant fuzzy environment and then used to cope with HFMADM. In the analysis process, non-dimensional treatment for hesitant fuzzy decision data is produced. Lastly, the method proposed in this paper is applied to an example of inclusive growth evaluation problem under hesitant fuzzy environment and the case study illustrates the practicality of the proposed method. Beyond that, a comparative analysis with some other approaches is also conducted to demonstrate the superiority and feasibility of the proposed method.

Keyword : hesitant fuzzy set, multiple attribute decision making, ndimensionalization, distance measure, coefficient of variation, efficacy coefficient, inclusive growth

How to Cite
Liu, X., Wang, Z., & Hetzler, A. (2017). HFMADM method based on nondimensionalization and its application in the evaluation of inclusive growth. Journal of Business Economics and Management, 18(4), 726-744. https://doi.org/10.3846/16111699.2017.1341848
Published in Issue
Aug 27, 2017
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This work is licensed under a Creative Commons Attribution 4.0 International License.