Picture fuzzy set (PFS) is more comprehensive tool than intuitionistic (IFS) for modeling the uncertain decision-making problems. In this paper, a new picture entropy measure proposed and proved that satisfies axiomatic definition of measures sets. Besides this, useful mathematical properties are also investigated. The justification established by discussing its particular cases compares it wit...

ELECTRE TRI is a set of methods designed to sort alternatives evaluated on several criteria into ordered categories. The original method uses limiting profiles. A recently introduced method uses central profiles. We study the relations between these two methods. We do so by investigating if an ordered partition obtained with one method can also be obtained with the other method, after a suitabl...

The intention of this article is to perform a brief analysis of portfolio management in Brazil, using research conducted by the Project Management Institute through pmsurvey.org, which provides consolidated information on how companies plan and manage their portfolios and projects. Based on the identification of latent need for improvement in the portfolio management process, this study propose...

Decision making in an uncertain environment is a complex task for decision makers. Fuzzy multi criteria decision making methods are proposed in the literature where the subjective criteria and the weights of all criteria are assessed in linguistic variables since conventional methods cannot take into consideration the subjectivity and uncertainty in the decision process. Fuzzy ELECTRE I (Elimin...

Several interactive methods exist to identify nondominated solutions in a Multiple Objective Mixed Integer Linear Program. But what if the Decision Maker is also interested in sorting those solutions (assigning them to pre-established ordinal categories)? We propose an interactive ‘‘branch-and-bound like’’ technique to progressively build the nondominated set, combined with ELECTRE TRI method (...

Methods in the Decision Support System (DSS) have their own techniques solving organizational problems. Determining appropriate DSS method with problem is a common difficulty experienced by organizations. The performance of can be measured various ways. This research aims to determine two methods, specifically Technique for Others Preference Similarity Ideal Solution (TOPSIS) and Election at Ch...

population growth as well as development of industry and agriculture has increased the demand and competition over water resources in large watersheds especially in zayandeh rud basin and severely affected on agriculture and environment sectors. hence, providing a best scenario for the allocation of water in this basin is essential. in this study, due to alternating periods of wet, drought and ...

The aim of this paper is to convince the MultiCriteria Decision Aid (MCDA) and Preference Learning communities to investigate and to contribute in the development of methodologies dedicated to hospital ranking. To do so, we present the French hospital ranking and show how these rankings can be built properly through two existing methods: decision tree and ELECTRE Tri.

Our purpose in this article is to develop an integrated portfolio management decision support system, which takes into account the inherent multidimensional nature of problem, while allowing DM, i.e . investor, incorporate his/her preferences process. The proposed DSS has been developed Python programming language and consists two components: first component associated with security selection p...