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Mathematical Problems in Engineering
Volume 2017, Article ID 9646303, 12 pages
https://doi.org/10.1155/2017/9646303
Research Article

Risky Multicriteria Group Decision Making Based on Cloud Prospect Theory and Regret Feedback

1School of Economics and Management, Harbin Engineering University, No. 145, Nantong Street, Nangang District, Harbin 150001, China
2School of Computer Science and Technology, Harbin Institute of Technology, No. 92, Xidazhi Street, Nangang District, Harbin 150001, China
3College of Science, Harbin Engineering University, No. 145, Nantong Street, Nangang District, Harbin 150001, China

Correspondence should be addressed to Shuang Yao; moc.361@mainolla

Received 29 December 2016; Revised 12 April 2017; Accepted 26 April 2017; Published 25 May 2017

Academic Editor: M. L. R. Varela

Copyright © 2017 Yan Song et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract

The assessment of risky linguistic variables has significant applications in multiattribute group decision problems. This paper focuses on risky multicriteria group decision making using linguistic variable assessment and proposes a new model which considers various and differential psychological behavior and the ambiguity of linguistic variable assessment across multicriteria risks. Based on the cloud prospect value assessment, this paper proposes a cloud prospect value aggregation method and consensus degree measurement. An improved feedback adjustment mechanism based on regret theory is employed as the consistency model, which complements prospect theory. The three theoretical methods together constitute the core elements of the proposed CPD (cloud prospect value consensus degree decision) model. The feasibility and validity of the new decision making model are demonstrated with a numerical example, and feedback performance was compared with conventional direct feedback. The proposed CPD approach satisfies given consistency threshold of 0.95 and 0.98 after three and four feedback loops, respectively. Compared to the proposed CPD method, direct feedback approach needs seven and ten feedback loops under the same threshold, respectively, which shows that the proposed model increases efficiency and accuracy of group decision making and significantly reduces time cost.

1. Introduction

Multiple criteria decision making (MCDM) is an important part of modern decision science [1, 2]. Group decision making under multicriteria risk refers to decision problems whose criteria are random variables; that is, the criteria values change with the uncertain environment [3, 4]. The uncertainty is considered as risk under various states whose probabilities are known or measurable [5].

Many real-life decision making problems, such as investments, are group decision problems with multicriteria risk, often with a variety of uncertain factors and multiple uncertain states corresponding to multiple probabilities. Stock investment selection and decision making do not have exact attribute values due to the complex and uncertain environment with vagueness, ambiguity, and randomness.

Due to the complexity of the limited knowledge and decision maker (DM) perceptions, many alternative rankings occur for the uncertainty and randomness of the attribute value(s) [6]. According to their experience or related knowledge, DMs conduct fuzzy linguistic evaluations, such as “very poor,” “poor,” “fair,” “good,” and “very good.” Prospect theory [7] considers DM psychological factors, which effectively corrects their maximum subjective expected utility, and has been successfully applied to individual [8, 9] and group [1012] decision making. Therefore, to find the most desirable alternative or rank feasible alternatives to support decision making, it is critical to transform uncertain linguistic assessment, which mainly includes crisp or fuzzy numbers and their deformation.

The traditional technique for order preference by similarity to an ideal solution (TOPSIS) proposed by Hwang and Yoon [13] is a widely used crisp number method for classical MCDM. The TOPSIS method determines a solution with the shortest distance from the ideal solution and the farthest distance from the negative-ideal solution. Similar to TOPSIS, the VIKOR method proposed by Opricovic and Tzeng [14] considers the degree of closeness to the ideal solution using an integration function based on close to ideal solution. However, neither TOPSIS nor VIKOR considers the relative importance of the distance between two different reference points.

Fuzzy numbers, derived from fuzzy set theory, have become a main stream method to represent and handle uncertain attributes [1518]. Criteria values include interval valued fuzzy numbers (IVFNs) [19] and the combination of the interval numbers fuzzy set and soft set [20]. The fuzzy set is well suited to dealing with vagueness [21]; for example, the hesitant fuzzy soft set based on soft and hesitant fuzzy sets has been successfully applied to group decisions [22].

The cloud theory is the innovation and development of a membership function for fuzzy set theory [23]. It transforms the uncertainty qualitative language concept into quantitative values [24] and has been successfully applied to data mining [25, 26], intelligent control, and intelligent algorithm modification [27, 28].

The different knowledge and evidence available to DMs result in inconsistent evaluations. To obtain the final group opinion, DMs should coordinate inconsistency in the group decision making process. An appropriate technique is to aggregate all the individual fuzzy preference relations and consistency processing [29, 30], repeatedly modifying the decision matrix.

Regarding the linguistic variable group decision problem, DMs usually participate in the decision making process and provide subjective evaluation in three different stages. The initial decision matrix is constructed in first stage, and the criteria weights are determined and incorporated in second stage. If the initial decision matrix fails the consistency check, the decision making process turns to the third stage and the initial decision matrix is reconstructed by the DMs. This process leads to multiple repeated subjective evaluation and increases computational complexity.

Although some current methods deal with linguistic variable assessment and provide feedback adjustment to some extent, some drawbacks remain. On one hand, current linguistic variable evaluation can only be applied to real numbers or triangular fuzzy numbers, which limits its application to other decision methods [31]. When prospect theory or related methods cannot be used directly [32], a transformation from linguistic variables to number values is required. On the other hand, feedback adjustment gives DMs little useful guidance to modify the decision matrix when the group evaluation does not satisfy the consistency threshold [33]. This modification process is time-consuming and blind, particularly for risky multicriteria group decision making. The number of DM modifications can be reduced by automatic negotiation, but this can lead to deviation from the DMs original intention to reach a consensus [22]. In addition, most group decision methods handle a single state rather than multiple states.

Group decisions based on linguistic variables are widespread in practice. Although the linguistic variables are processed through triangular fuzzy numbers or fuzzy logic, the variables are in a single state [11], not the multistate, which is not risky. For example, Wang and Lee [34] generalize TOPSIS to fuzzy multiple idea group decision making in fuzzy environment with single state criteria.

The cloud model introduced in [29] transforms the uncertainty relationship from qualitative (linguistic variable) to quantitative, accommodating fuzziness and randomness of qualitative evaluation. The model integrated two domains and constructed a mapping relationship between them. The cloud model is a continuous linguistic variable method [35] that has been widely used for multicriteria group decision making [3638].

Therefore, we propose a method based on combining the cloud model and prospect theory, which integrates the advantages of vagueness and randomness from the cloud model and risk perception from prospect theory. The proposed model incorporates the cloud prospect value aggregation method and consensus degree measurement. An improved feedback adjustment mechanism provides the consistency model. Following Peng and Yang [19], we take full advantage of the nonexpected utility theory of regret-rejoice to compensate for the prospect theory. The new feedback adjustment rules handle DM inconsistency efficiently.

This paper proposes a new group decision making method that integrates the cloud model, prospect theory, and regret theory for risky multicriteria group decision making. Focusing on the group decision problem of multicriteria risky linguistic variables, we build a method for the cloud prospect consensus degree of risky multicriteria group decision making and feedback adjustment regulation. First, we use the cloud model to convert the uncertain linguistic variable problem to a risky multicriteria decision problem. The comprehensive prospect value is calculated, and the cloud prospect decision matrix of all DMs for all alternatives is constructed based on prospect theory. Then the decision matrixes for all DMs are aggregated and their consistency is measured. Those criteria scoring less than the acceptable threshold are returned to the DMs with guidance correction information according to the least regret value, and DMs modify their decision matrix with this correction information. Finally, the method sorts the alternatives.

2. Problem Description and Theoretical Basis

Consider the group decision problem of multicriteria risk with the alternatives sets , and the associated criteria sets , where each criterion is mutually independent. The weight vector of the criteria layer is , which satisfies the constraint . The possible natural states of criteria have probability under state . For the set of DMs , represents the linguistic variable evaluation of alternative under criteria in state . We select the optimal scheme ranking under a cloud prospect decision framework with a higher level of consensus degree.

2.1. Cloud Model

The cloud model reflects uncertain phenomena in the field of natural and social sciences. The usual cloud model [39] includes the complete cloud, left half cloud, and right half cloud models. It is one of the most powerful tools for characterizing the linguistic atom. The variates are assumed to be uniformly normally distributed. The complete cloud produces qualitative concepts with complete features. The derivative cloud model adds one or more parameters, generating a different form of the cloud model, such as triangular, trapezoidal, , and other clouds. The cloud model is usually denoted by a cloud droplet, , where is the expected value, which reflects the mathematical expectation of the qualitative concept; is the entropy, reflecting the fuzzy qualitative concept; and is the hyper entropy, which reflects the randomness of dispersion and the degree of certainty.

A single cloud droplet does not impact overall cloud characteristics, but the cloud droplet distribution reflects the ambiguity and randomness of cloud mapping. For effective integration of ambiguity and randomness, the universal law for most basic linguistic values in natural language can be defined as follows.

Definition 1. Suppose that is the qualitative concept of a quantitative universe . For , the membership degree, , of is a stochastic number with a stable random tendency. The membership degree of is called the cloud on the universe , denoted by ; namely, , for which .

Definition 2. Let be the qualitative concept in the universe . A random instance in , , satisfies , . When the certainty degree of can be expressed as , the distribution of in is called the normal cloud.

Definition 3. Let and be one-dimensional normal clouds in . The Hamming distance between and is defined by where In the decision process, the number of clouds has one-to-one correspondence with the linguistic variable value in . Therefore, most previous studies have used the golden section method to generate clouds [36]. However, this approach has some defects, so we instead use a method that can reinforce discrimination [38].

2.2. Prospect Decision Theory Based on the Cloud Model

The cloud model combines uncertainty and ambiguity. Under the cloud model and prospect decision framework, DMs evaluate the alternatives against a reference point to estimate gain or loss and are more sensitive to loss. Prospect theory was proposed in 1979. The core concept is a prospect value, which includes a value and weight function, which reflects the bounded rationality of the DMs in the decision process. Many empirical studies have found that psychological behavior plays an important role in decision analysis. Compared with expected utility theory of uncertainty decision, prospect decision theory based on the cloud model proposed the reference point on the basis of the different effect from the reference point [39].

In prospect decision theory based on the cloud model (cloud prospect decision theory), a cloud prospect decision matrix , for alternative of attribute , is constructed for every DM. This matrix is composed of a cloud prospect value function, , and a cloud prospect value weight, . The prospect decision matrix of every DM is where is formed by the subjective perception of the DMs [10]:and reflects the probability weight function considering the DM’s risk attitude:where denotes the cloud evaluation of alternative of attribute for the th DM. Equation (4) suggests that DM , for the same attribute under the same state , compares the size of the cloud droplet for alternatives and () and calculates the distance between the cloud droplets, . The parameters , which represent the degree of concavity and convexity, respectively, of the regional value function for gains and losses, control the value function, , of the DM’s subjective perception. is the loss aversion coefficient. When , the DM is more sensitive to loss, that is, loss averse.

The probability weight is the subjective judgment depending on the possibility of certain events. The risk attribute coefficients and control the curvature of the prospect weight function. is the monotone increasing function of probability . When is very small, the DM could overestimate the slight probability of a given incident. When is large, , illustrating that DMs overlook large probability events [39]. Equation (5) shows that, for the same attribute under the same state , when the linguistic evaluation value of alternative is greater than that of alternative , the weight function is controlled by , which represents the risk revenue attribute coefficient. Larger means more adventurous DM behavior. In contrast, is the risk loss attribute coefficient, and Figure 1 shows the effect of on .

Figure 1: Effect of on the weight function .

Prospect theory states that DMs measure the gain or loss according to the distance between the result and the expectation, which is sensitive to the selection of reference points. Equations (4) and (5) use dynamic reference points, which may contain both loss and income, unlike fixed reference points that include only one of these factors. An erroneous selection could lead to deviation in the overall results.

3. Cloud Prospect Group Decision Model

Group decisions are affected by knowledge and preferences, and decisions may have to incorporate serious differences of opinion. On the basis of the cloud model and prospect decision theory, we constructed a prospect value consistency model that includes the cloud prospect value consistency degree and feedback regulation by integrating the complete decision procedure committed to solving the group decision making for the risky multiattribute linguistic variable assessment problem. Combining the randomness and ambiguity of uncertain linguistic variable assessment with DM risk attitude and bounded rationality of psychological behavior, the proposed cloud prospect decision (CPD) making model integrates the theoretical advantages of the cloud model and prospect theory.

Aggregation, consistency measurement, and consistency model are the three essential factors of the proposed CPD model, based on the cloud prospect value method. We propose an aggregation method reflecting the concentration trend and cloud prospect consensus degree measurement. The proposed improved feedback adjustable mechanism, that is, the consistency model based on regret theory, compensates for prospect theory. The three theoretical methods together constitute the core and innovation of the proposed CPD model.

3.1. Cloud Prospect Decision (CPD) Making

The proposed CPD model aggregates the DMs and constructs a prospect value consensus degree through two procedures. Essentially, it aggregates DMs and attribute levels. DM aggregation provides a comprehensive decision result for each alternative and attribute for multiple DMs based on the average decision value. Based on the cloud model, CPD operates at the DM level using a set of consistency thresholds to provide a preliminary correction scheme.

(1) Aggregation. Experts from a variety of professions and preferences contribute to a decision under a complicated and uncertain environment, which is the origin of the group decision. With many correlate indicators to consider, reducing and eliminating the criteria subjective weights has a significant role in reaching a high consensus degree for the decision. Therefore, the discrepant preference information of individual assessment, , should be aggregated to a collective assessment, .

The aggregation operator must satisfy the following properties:(a)If all the assessments are the same, then the final group assessment is any one of them.(b)The integration results are independent of the order of the experts.(c)The group assessment opinions are the concentration trend of individual opinions.Group assessment opinion mainly depends on the concentration trend of personal opinions. Therefore, a reasonable individual assessment integration method requires the average of multiple expert opinions. We calculate the cloud prospect decision matrix, , for each DM: where is the total number of the DMs. We use the cloud prospect decision matrix to construct the decision matrix for each alternative for each DM and extract the decision matrix for all the DMs according to the alternatives.

Finally, we use (6) to obtain for each alternative and attribute .

(2) Cloud Prospect Value Consistency Measurement. Classically, consensus is defined as the full and unanimous agreement of all decision makers regarding all possible alternatives [40]. However, complete agreement is not always necessary in real situations. Therefore, to obtain the maximum consensus degree among DMs on the solution set of alternatives [41], we build a CPD model: where is a correction coefficient, usually assigned a value of 1; and . The CPD of alternative for all DMs isLet the consensus degree threshold of CPD for group decisions be . If , then adjust to minimize CPD and adjust the alternatives.

3.2. Feedback Regulation Mechanism

When the CPD does not satisfy the acceptable threshold , the feedback regulation aims to provide corresponding adjustment suggestions to guide DM’s correction. This feedback adjustment is intended to improve the efficiency of sorting decision schemes. The targeted adjustment alternative is selected by the regret-rejoice model [8]. Prospect theory makes full use of the bounded rationality and risk aversion of decision makers. Contrasting with the collective decision, there will be disparity between different assessments which will cause regret (loss) or rejoice (gain). Therefore, we take advantage of the regret concept for feedback and adjust the scheme with the known inconsistency information. Regret theory [42, 43] assumes that the DMs pay attention not only to results obtained by choosing alternatives but also to the outcome of other alternatives and avoid choosing alternatives that will make them regret.

Regret theory has been successfully applied for investment choice [44, 45] and decision making [42] and has shown that anticipated disutility from regret can have a potent effect on DMs. Thus, regret increases the regret averse attitude of an expert’s willingness to adjust the scheme’s assessment after knowing the difference between individual evaluation and collective evaluation until the optimal alternative ranking is finally achieved. The feedback adjustment information enables reevaluation at different state levels and includes four steps.

(1) Calculate Regret-Rejoice Value. Using , calculate the disparity between the individual and collective decision matrixes. The regret-rejoice value is where is the DM risk aversion coefficient. Larger implies greater degree of DM risk aversion. Equation (10) denotes the difference between the prospect value of alternative and attribute for DM . When denotes rejoice, and when denotes regret [19]. Similar to prospect theory, the DM is more sensitive to negative than to positive prospect, derived from psychological perception. Figure 2 shows the effect of on .

Figure 2: Effect of on the regret-rejoice value.

(2) Lock the Feedback Scheme. Choose the minimum regret-rejoice value as the amended attribute of the adjustment alternative:Assuming to be the authoritative benchmark of the prospect value, when , smaller values imply larger disparity between the individual and group prospect value matrixes. Smaller implies more regret the DM feels for the evaluation, and larger implies more desirable individual adjustment of the evaluation value.

Similarly, when , larger values imply more satisfaction with the individual decision, and the DM often rejoices over underestimating the value of the alternative on the surface. However, they have known the defect of the alternative, so, the less desirable adjust the prospect value decision matrix of the alternative. Thus, they will keep the original assessment.

(3) Calculate Guidance Information for Feedback Adjustment. Compute the cloud prospect values from (3)–(5). When the feedback correction of prospect value matrix is locked, the target correction matrix is determined. If the prospect value , then DM should reduce . Otherwise, the equality in (13) indicates that the DM could refuse to correct .

If , then DM should increase : where is the linguistic evaluation value after adjustment.

CPD provides a complete feedback regulation mechanism. It determines the consensus degree of the group decision at the alternative level and determines the program to be modified by comparing the CPD of all alternatives. CPD subdivides alternatives into attributes and confirms the attribute with the minimum regret-rejoice value. The feedback regulation of (12)–(14) ensures that the DMs are directed to reevaluate the alternatives and repeat all the procedures until all the alternatives satisfy . The DMs can also refuse to reevaluate their decisions. Figure 3 shows the CPD model; Figure 4 shows the DM feedback regulation.

Figure 3: Group decision structure under the proposed cloud prospect and regret feedback procedure.
Figure 4: Feedback control diagram of DMs.
3.3. Decision Procedure

Under the multicriteria group decision environment, the group decision procedure based on prospect theory and the cloud model is as follows:(1)The linguistic variables are transformed into a normal cloud model: following the DM linguistic evaluation criteria, the corresponding cloud model is combined with the effective universe, , as discussed in Section 3.1.(2)A cloud prospect decision matrix is constructed for each alternative: the cloud prospect decision matrix, , is calculated for each DM for each alternative and attribute following (1)–(5).(3)The cloud prospect decision matrixes are aggregated: we calculate the cloud prospect decision matrix of the group based on each DM’s cloud prospect decision matrix.(4)Compute the CPD: the consensus degree, , is calculated for each DM. For a cloud prospect consensus degree threshold , when for all alternatives or the DM refuses to correct , proceed to Step  (); otherwise, proceed to Step  ().(5)Control feedback: calculate the regret or rejoice value for all the alternatives for different criteria following (9) and (10). Lock feedback for the criteria with the minimum regret-rejoice value using (11) and provide correction and instruction information to the DMs using (12)–(14).(6)Calculate weights to maximize deviation: the difference between individual and collective experts affects criteria weights. Maximizing deviation makes use of individual and group outputs to maximize this difference. Some criteria play an important role in the sorting of the schemes and should be endowed a larger weight coefficient. Therefore, in addition to the basic constraints, , we add reasonable constraints to obtain optimal weight coefficients :(7)Compute the comprehensive prospect value: given the attribute weights , for the DMs, we compute the comprehensive prospect value of each based on the comprehensive prospect value. The optimal alternative with the greatest comprehensive prospect value is

4. Numerical Analysis and Discussion

Investment in shipping vessels is one of the most important business activities in international shipping and involves large amounts of money, a long investment recovery period, and a significant risk level.

Consider a ship owner who intends to invest in one of three dry cargo ships: is a bulk carrier, is a container ship, and is a multipurpose ship. DMs evaluate the direct (), indirect (), social benefit (), and pollution loss (). Each of these four criteria is divided into five possible natural states: = very good, = good, = fair, = poor, and = very poor. Then attribute has occurrence probability under natural state , and the linguistic evaluation set represents very poor, poor, fair, good, very good, respectively. Three experts from marketing, finance, and industry make independent linguistic evaluations, as shown in Tables 13.

Table 1: Linguistic prospect decision matrix of .
Table 2: Linguistic prospect decision matrix of .
Table 3: Linguistic prospect decision matrix of .

The optimal dry cargo ship investment decision is made following the proposed CPD procedures described above:(a)Linguistic variable transformation: the linguistic evaluation set is transformed to five cloud models on the universe , that is, . The numerical characteristics of the five clouds are shown in Table 4(b)Producing the cloud prospect decision matrix: the cloud prospect decision matrix of individual and group is created following Steps  () and (). To obtain better distinction, we set , , (in the following matrixes, 0.0000 denotes a very small value, not necessarily 0):(c)Aggregation and consistency measurement: individual and group CPDs are calculated based on a consensus degree threshold of following Step  (), using (7) and (8). The original CPD of each alternative is listed in the second column of Figure 5, where the cylinders denote that the consistency degree threshold was satisfied, that is, passes consistency; and dashed rectangles represent a consistency degree below the lower limit, which do not pass the check. Although consistency does not meet the threshold in the solid rectangles, this iteration is temporarily permitted. To achieve a higher consistency threshold, all the alternatives iteratively proceed to feedback adjustment until reaching 0.98 threshold. The blue background graphic denotes the feedback adjusted attribute(d)Feedback adjustment: following the feedback mechanism of Step  (), we compute the original CPD of each alternative, and and both do not reach the consistent degree threshold, 0.9. Since has the smallest CPD, we lock scheme as the correction alternative and then apply feedback control to satisfy the consistency degree. The specific feedback corrections are shown in Figure 5(e)Feedback for alternative : the feedback regulation mechanism based on regret theory includes the following:(i)Ualculate , the difference between the individual and collection prospect value.(ii)Use (10) to provide the psychological gap of regret or rejoice.(iii)Calculate the regret-rejoice matrix, , from (9).(iv)To better distinguish the effects, we set .Thus, (f)Lock the adjustment decision maker: from (11), decision maker has the minimum regret-rejoice value to attribute (−1036.2413), which has the greatest disparity relative to the collective DMs and indicates that DM feels the maximum regret for attribute . Then lock as the adjustment element. Provide guide information for the feedback adjustment as and then ; then increase from 3 to 4 under that state.After the first correction, the individual and collective decision matrixes are (g)First round of feedback adjustment results: after adjusting alternative , and, after the first feedback adjustment, alternatives and both satisfy the threshold . The CPDs of all the three alternatives are improved significantly: and . Thus, the first feedback causes the consistency degree of alternatives , and to increase by 1.45%, 2.45%, and 3.42%, respectively(h)High degree of consensus: to improve degree of consensus, we increased the consensus threshold to , requiring a further feedback. Comparing the three alternative CPDs, was further locked, and after the second feedback all the schemes except satisfied the higher threshold. Assuming that the consistency was 0.98, we repeated the procedure in procedure (e), and the iteration stopped. Figure 5 shows the detailed feedback and consistency degrees(i)Calculating criteria weights: from Step  (), the model is which provides attribute weights , and, from (16),

Table 4: Numerical characteristics of cloud model.
Figure 5: Feedback correction details.

Thus, following the maximizing principle, the optimal alternative is (multipurpose ship) and then (container ship), and the worst prospect value is (bulk carrier).

The proposed CPD method uses feedback adjustment, whereby the DMs are presented with specific feedback. The high efficiency of the proposed method is evident by comparison with direct feedback, which is the comparison of individual and group prospect decision matrices (see (12)–(14)). Consider alternative as an example, where original CPD = 0.8982. Table 5 shows the variation of an increasing consistency degree with regret-rejoice feedback, and Table 6 shows the case for direct feedback. Direct feedback requires twice the feedback to achieve the given thresholds (); that is, the improvement of consensus degree increases slowly. Direct feedback, after 8 feedback loops, obtains a high consensus degree, . However, using regret theory of feedback thought, after three loops of correction, CPD has a higher consensus degree of 0.9506, which satisfies a higher threshold beforehand. Again, compared to the proposed CPD method, if = 0.98, the regret feedback adjustment reaches the threshold after 4 feedback loops, whereas the direct feedback has still not reached the threshold after 10 feedback loops. Thus, the proposed CPD method shows high efficiency for the regret feedback mechanism

Table 5: Consensus for the proposed regret-rejoice feedback.
Table 6: Consensus for direct feedback.

Consistency after regret-rejoice feedback is always improved, but consistency after direct feedback does not always increase; for example, the eighth feedback decreases. This unstable trend reduces efficiency and greatly increases the complexity of group decision making.

Thus, the proposed regret feedback method significantly reduces the number of corrections which reduces time costs and increases decision making efficiency.

5. Conclusion

We proposed a new method to address the problem of risky multiattribute group decisions, where group decision making is under a complicated and ambiguous environment. The decision attribute varies within an uncertain environment that changes with the situation. We propose formulating the group decision making process as a fuzzy linguistic variable evaluation and constructed a cloud prospect aggregation method, consistency measurement, and feedback mechanism for the consistency model. The proposed CPD model incorporates the advantages of the cloud model randomness and vagueness, prospect theory sensitivity to loss, and risk aversion based on a regret feedback mechanism to provide an organic cloud prospect consistency degree method. This fusion approach not only ensures group decision consistency but also guides the DMs to correct the decision matrix through an efficient feedback adjustment mechanism. The proposed method was verified by an algorithm example, showing the efficiency of feedback loops, consistency, and so forth.

Conflicts of Interest

The authors declare that they have no conflicts of interest.

Acknowledgments

This work was supported by the National Natural Science Foundation of China (51409065 and 71101034), the project of Provincial Natural Science Foundation (JJ2016QN0048), the project of Provincial Postdoctoral Fund (LBH-Z15047), and the project of the Provincial Youth Science Foundation (JJ2016QN0645).

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