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A probabilistic linguistic thermodynamic method based on the water-filling algorithm and regret theory for emergency decision making

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  • Wenting Xue
  • Zeshui Xu
  • Wuhui Lu

Abstract

Since thermodynamics can describe the energy of matter and its form of storage or transformation in the system, it is introduced to resolve the uncertain decision-making problems. The paper proposes the thermodynamic decision-making method which considers both the quantity and quality of the probabilistic linguistic decision information. The analogies for thermodynamical indicators: energy, exergy and entropy are developed under the probabilistic linguistic circumstance. The probabilistic linguistic thermodynamic method combines the regret theory which captures decision makers’ regret-aversion and the objective weight of criterion obtained by the water-filling algorithm. The proposed method is applied to select the optimal solution to respond to the floods in Chongqing, China. The self-comparison is conducted to verify the effectiveness of the objective weight obtained by the water-filling algorithm and regret theory in the probabilistic linguistic thermodynamic method. The reliability and feasibility of the proposed method are verified by comparative analysis with other decision-making methods by some simulation experiments and non-parametric tests.

Suggested Citation

  • Wenting Xue & Zeshui Xu & Wuhui Lu, 2023. "A probabilistic linguistic thermodynamic method based on the water-filling algorithm and regret theory for emergency decision making," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 36(1), pages 2076141-207, December.
  • Handle: RePEc:taf:reroxx:v:36:y:2023:i:1:p:2076141
    DOI: 10.1080/1331677X.2022.2076141
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