Rubin and Narsimhan [1984] proposed a method for formulating fuzzy priorities in goal programming. They used the concept that the membership function based on nested priorities has to be concave to solve the fuzzy goal programming problem by linear programming method. In this paper, we relax the condition of concave membership function by quasi concave membership function. We showed that the fu...

Supplier evaluation and selection is a critical decision process for companies in order to gain competitive advantage. Decision models focusing on risk minimization have recently received increasing attention in supplier selection literature. In this paper, risk factors, which incorporate qualitative as well as quantitative data, are employed in fuzzy data envelopment analysis for obtaining eff...

–In this paper, we present an application of intuitionistic fuzzy programming to two person matrix games for the solution with mixed strategies. We use linear membership and non membership functions for such computation. We introduce the intuitionistic fuzzy (IF) goal for the choice of a strategy in a pay-off matrix in order to incorporate ambiguity of human judgments and a player wants to opti...

 In today’s highly competitive market, the pressure on organizations to find a better way to create and deliver value to customers is mounting. The decision involves many quantitative and qualitative factors that may be conflicting in nature. Here, we present a new model for transportation problem with consideration of quantitative and qualitative data. In the model, we quantify the qua...

This paper considers a multi-objective portfolio selection problem imposed by gaining of portfolio, divided yield and risk control in an ambiguous investment environment, in which the return and risk are characterized by probabilistic numbers. Based on the theory of possibility, a new multi-objective portfolio optimization model with gaining of portfolio, divided yield and risk control is propo...