Functions defined on a set of Z-numbers

The novel entropy measurements of Z+-numbers and their application on multi-attribute decision making problem

Z+-numbers, which carry more information than Z-numbers, are studied in this paper. Based on existed models, two more scientific and reasonable probability models of Z+-numbers are developed. In order to utilize Z+-numbers to solve practical problems, the α-cut set of Z+-numbers and corresponding utility function are proposed. Meanwhile, according to the structure of Z+-numbers, the entropy, cross-entropy and comprehensive cross-entropy are introduced to measure the uncertainty and fuzziness of Z+-numbers information. Furthermore, a linear programming model based on proposed three kinds of entropy is designed to obtain the weight vector of criteria in decision-making problems. Finally, we provide an example by selecting an optimal design of electricity vehicles charge station(DEVCS) combined the PROMETHEE method with Z+-numbers, and the feasibility of the proposed method are verified.

Some aggregation operators of neutrosophic Z-numbers and their multicriteria decision making method

As the generalization of the classical fuzzy number, the concept of Z-number introduced by Zadeh indicates more ability to depict the human knowledge and judgments of both restraint and reliability as an order pair of fuzzy numbers. In indeterminacy and inconsistent environment, a neutrosophic set is described by the truth, falsity, and indeterminacy degrees, but they lack measures related to reliability. To describe the hybrid information of combining the truth, falsity and indeterminacy degrees with their corresponding reliability degrees, this paper first proposes the concept of a neutrosophic Z-number (NZN) set, which is a new framework of neutrosophic values combined with the neutrosophic measures of reliability, as the generalization of the Z-number and the neutrosophic set. Then, we define the operations of neutrosophic Z-numbers (NZNs) and a score function for ranking NZNs. Next, we present NZN weighted arithmetic averaging (NZNWAA) and NZN weighted geometric averaging (NZNWGA) operators to aggregate NZN information and investigate their properties. Regarding the NZNWAA and NZNWGA operators and the score function, a multicriteria decision making (MDM) approach is developed in the NZN environment. Finally, an illustrative example about the selection problem of business partners is given to demonstrate the applicability and effectiveness of the developed MDM approach in NZN setting.

Linguistic Z-number weighted averaging operators and their application to portfolio selection problem

Z-numbers can generate a more flexible structure to model the real information because of capturing expert’s reliability. Moreover, various semantics can flexibly be reflected by linguistic terms under various circumstances. Thus, this study aims to model the portfolio selection problems based on aggregation operators under linguistic Z-number environment. Therefore, a multi-stage methodology is proposed and linguistic Z-numbers are applied to describe the assessment information. Moreover, the weighted averaging (WA) aggregation operator, the ordered weighted averaging (OWA) aggregation operator and the hybrid weighted averaging (HWA) aggregation operator are developed to fuse the input arguments under the linguistic Z-number environment. Then, using the max-score rule and the score-accuracy trade-off rule, three qualitative portfolio models are presented to allocate the optimal assets. These models are suitable for general investors and risky investors. Finally, to illustrate the validity of the proposed qualitative approach, a real case including 20 corporations of Tehran stock exchange market in Iran is provided and the obtained results are analyzed. The results show that combining linguistic Z-numbers with portfolio selection processes can increase the tendencies and capabilities of investors in the capital market and it helps them manage their portfolios efficiently.