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A Competitive Multiattribute Group Decision-Making Approach for the Game between Manufacturers.
Quan Zhang1, KeXin Jiang1, ManTing Yan1
1School of Information Engineering, ShenYang University of Technology, ShenYang, China.
This study introduces a novel approach for competitive multiattribute group decision-making using game and evidence theories. It effectively determines optimal strategies in competitive markets by integrating expert linguistic evaluations.
Area of Science:
- Operations Research
- Decision Sciences
- Game Theory
- Evidence Theory
Background:
- Competitive market environments necessitate sophisticated decision-making strategies for manufacturers.
- Existing multiattribute group decision-making models often struggle with imprecise expert evaluations.
- Game theory and evidence theory offer frameworks for analyzing strategic interactions and uncertainty.
Purpose of the Study:
- To propose a novel approach for competitive multiattribute group decision-making (CMAGDM).
- To integrate game theory and evidence theory for analyzing manufacturer competition.
- To handle expert evaluations using 2-dimension 2-tuple linguistic variables.
Main Methods:
- Utilized evidence theory to aggregate 2-dimension 2-tuple linguistic variables from expert evaluations.
- Applied a second aggregation using evidence theory to derive overall situation values.
- Constructed a game matrix and employed game theory to determine the Nash equilibrium point.
Main Results:
- Successfully aggregated imprecise expert evaluations into meaningful attribute and overall situation values.
- Formulated a game matrix representing the competitive decision problem.
- Identified the Nash equilibrium point, providing a strategic solution for decision-makers.
Conclusions:
- The proposed approach effectively addresses competitive multiattribute group decision-making problems.
- Demonstrated applicability and effectiveness through a practical case study in a duopoly setting.
- Offers a robust method for strategic decision-making under competitive market conditions.
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