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
2023-08-04
496925 byte
Conference paper
Electronic Resource
English
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
|