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

Xiaodi Liu, Zengwen Wang, Antoinette Hetzler

Research output: Contribution to journalArticlepeer-review

14 Citations (SciVal)

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.

Original languageEnglish
Pages (from-to)726-744
Number of pages19
JournalJournal of Business Economics and Management
Volume18
Issue number4
DOIs
Publication statusPublished - 2017 Jul 4

Subject classification (UKÄ)

  • Business Administration

Keywords

  • coefficient of variation
  • distance measure
  • efficacy coefficient
  • hesitant fuzzy set
  • inclusive growth
  • multiple attribute decision making
  • nondimensionalization

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