With the development of the economy and the intensification of market competition, it is necessary for decision-maker to select and combine logistics nodes and transportation routes that may provide services to build an efficient and effective logistics chain. To address the hybrid multiple attribute decision-making problem with decision-maker’s aspiration, a logistics chain selection model based on prospect theory is proposed. Firstly, the psychological behavioral factors of decision-maker are considered, and the decision-maker’s aspiration for each attribute is selected as the corresponding reference point. Next, the attribute matrix which consists of clear numbers, interval numbers, and linguistic assessment terms, is transformed into a value matrix of gains and losses relative to the reference point. Then, considering the different risk attitudes of decision-maker facing gain and loss, the prospect value of each alternative is calculated, and the logistics chain ranking is determined according to the obtained prospect value. Finally, a numerical example is used to illustrate the feasibility and validity of the proposed model.
Logistics Chain Selection Model Based on Prospect Theory
04.08.2023
496925 byte
Aufsatz (Konferenz)
Elektronische Ressource
Englisch
Selection Model Analysis of Logistics Service Supply Chain
British Library Conference Proceedings | 2009
|Congestion Pricing Model Based on Cumulative Prospect Theory
British Library Conference Proceedings | 2010
|