Interval-Valued Intuitionistic Fuzzy Ordered Weighted Cosine Similarity Measure and Its Application in Investment Decision-Making

We present the interval-valued intuitionistic fuzzy ordered weighted cosine similarity (IVIFOWCS) measure in this paper, which combines the interval-valued intuitionistic fuzzy cosine similarity measure with the generalized ordered weighted averaging operator. The main advantage of the IVIFOWCS meas...

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Main Authors: Donghai Liu, Xiaohong Chen, Dan Peng
Format: Article
Language:English
Published: Wiley 2017-01-01
Series:Complexity
Online Access:http://dx.doi.org/10.1155/2017/1891923
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author Donghai Liu
Xiaohong Chen
Dan Peng
author_facet Donghai Liu
Xiaohong Chen
Dan Peng
author_sort Donghai Liu
collection DOAJ
description We present the interval-valued intuitionistic fuzzy ordered weighted cosine similarity (IVIFOWCS) measure in this paper, which combines the interval-valued intuitionistic fuzzy cosine similarity measure with the generalized ordered weighted averaging operator. The main advantage of the IVIFOWCS measure provides a parameterized family of similarity measures, and the decision maker can use the IVIFOWCS measure to consider a lot of possibilities and select the aggregation operator in accordance with his interests. We have studied some of its main properties and particular cases such as the interval-valued intuitionistic fuzzy ordered weighted arithmetic cosine similarity (IVIFOWACS) measure and the interval-valued intuitionistic fuzzy maximum cosine similarity (IVIFMAXCS) measure. The IVIFOWCS measure not only is a generalization of some similarity measure, but also it can deal with the correlation of different decision matrices for interval-valued intuitionistic fuzzy values. Furthermore, we present an application of IVIFOWCS measure to the group decision-making problem. Finally the existing similarity measures are compared with the IVIFOWCS measure by an illustrative example.
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spelling doaj-art-2da9e618fc46440ba9b8b23b2441bee12025-02-03T05:46:33ZengWileyComplexity1076-27871099-05262017-01-01201710.1155/2017/18919231891923Interval-Valued Intuitionistic Fuzzy Ordered Weighted Cosine Similarity Measure and Its Application in Investment Decision-MakingDonghai Liu0Xiaohong Chen1Dan Peng2School of Business, Central South University, Changsha, ChinaSchool of Business, Central South University, Changsha, ChinaDepartment of Mathematics, Hunan University of Science and Technology, Xiangtan, ChinaWe present the interval-valued intuitionistic fuzzy ordered weighted cosine similarity (IVIFOWCS) measure in this paper, which combines the interval-valued intuitionistic fuzzy cosine similarity measure with the generalized ordered weighted averaging operator. The main advantage of the IVIFOWCS measure provides a parameterized family of similarity measures, and the decision maker can use the IVIFOWCS measure to consider a lot of possibilities and select the aggregation operator in accordance with his interests. We have studied some of its main properties and particular cases such as the interval-valued intuitionistic fuzzy ordered weighted arithmetic cosine similarity (IVIFOWACS) measure and the interval-valued intuitionistic fuzzy maximum cosine similarity (IVIFMAXCS) measure. The IVIFOWCS measure not only is a generalization of some similarity measure, but also it can deal with the correlation of different decision matrices for interval-valued intuitionistic fuzzy values. Furthermore, we present an application of IVIFOWCS measure to the group decision-making problem. Finally the existing similarity measures are compared with the IVIFOWCS measure by an illustrative example.http://dx.doi.org/10.1155/2017/1891923
spellingShingle Donghai Liu
Xiaohong Chen
Dan Peng
Interval-Valued Intuitionistic Fuzzy Ordered Weighted Cosine Similarity Measure and Its Application in Investment Decision-Making
Complexity
title Interval-Valued Intuitionistic Fuzzy Ordered Weighted Cosine Similarity Measure and Its Application in Investment Decision-Making
title_full Interval-Valued Intuitionistic Fuzzy Ordered Weighted Cosine Similarity Measure and Its Application in Investment Decision-Making
title_fullStr Interval-Valued Intuitionistic Fuzzy Ordered Weighted Cosine Similarity Measure and Its Application in Investment Decision-Making
title_full_unstemmed Interval-Valued Intuitionistic Fuzzy Ordered Weighted Cosine Similarity Measure and Its Application in Investment Decision-Making
title_short Interval-Valued Intuitionistic Fuzzy Ordered Weighted Cosine Similarity Measure and Its Application in Investment Decision-Making
title_sort interval valued intuitionistic fuzzy ordered weighted cosine similarity measure and its application in investment decision making
url http://dx.doi.org/10.1155/2017/1891923
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AT xiaohongchen intervalvaluedintuitionisticfuzzyorderedweightedcosinesimilaritymeasureanditsapplicationininvestmentdecisionmaking
AT danpeng intervalvaluedintuitionisticfuzzyorderedweightedcosinesimilaritymeasureanditsapplicationininvestmentdecisionmaking