Abstract
Scoring methods are the most frequently used multiple attribute decision-making methods because of their simplicity and efficiency. In this chapter, Simple Additive Weighting (SAW) and Weighted Product Methods (WPM) are extended to their fuzzy versions by using neutrosophic sets. These sets not only handle the vagueness but also clarify indeterminacy of decision makers’ opinions. This also lets us discriminate between relativity and absoluteness. We apply interval-valued neutrosophic SAW and WPM methods for selection of insurance options.
Original language | English |
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Title of host publication | Studies in Fuzziness and Soft Computing |
Publisher | Springer Verlag |
Pages | 647-676 |
Number of pages | 30 |
DOIs | |
Publication status | Published - 2019 |
Publication series
Name | Studies in Fuzziness and Soft Computing |
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Volume | 369 |
ISSN (Print) | 1434-9922 |
Bibliographical note
Publisher Copyright:© Springer Nature Switzerland AG 2019.
Keywords
- Insurance options
- Interval-valued
- Neutrosphic set
- Scoring method
- Simple additive weighting
- Weighted product method