Extended DPL-VIKOR Method for Risk Assessment of Technological Innovation Using Dual Probabilistic Linguistic Information
The main objective of the present study is to evaluate the multicriteria group decision-making problem in risk management for technological innovation projects (TIPs) under dual-probabilistic linguistic information. The suggested approach is based on an enhanced dual probabilistic linguistic-vise kr...
Saved in:
| Main Authors: | , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Wiley
2023-01-01
|
| Series: | Journal of Mathematics |
| Online Access: | http://dx.doi.org/10.1155/2023/7570984 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1849473275687600128 |
|---|---|
| author | Shahzaib Ashraf Muhammad Ijaz Muhammad Naeem Saleem Abdullah Lula Babole Alphonse-Roger |
| author_facet | Shahzaib Ashraf Muhammad Ijaz Muhammad Naeem Saleem Abdullah Lula Babole Alphonse-Roger |
| author_sort | Shahzaib Ashraf |
| collection | DOAJ |
| description | The main objective of the present study is to evaluate the multicriteria group decision-making problem in risk management for technological innovation projects (TIPs) under dual-probabilistic linguistic information. The suggested approach is based on an enhanced dual probabilistic linguistic-vise kriterijumska optimizacija kompromisno resenje (DPL-VIKOR) technique to assess risk management in TIP employing probabilistic linguistic information. The conventional VIKOR approach is incapable of dealing with the complexity and difficulty of risk assessment in TIP. Therefore, we incorporated the information included in the dual probabilistic linguistic term set. In DPL-VIKOR, we investigated the relationship between the positive ideal solution (PIS) of the alternative and the negative ideal solution (NIS). To deal with the multicriteria group decision-making problem of risk assessment in TIP, we proposed the extended DPL-VIKOR approach rather than the traditional VIKOR method. We compared the findings to those of several decision-making problem techniques and examined the effectiveness and reliability, as well as advantages of the proposed approach. From the comparison and sensitivity analysis, we conclude that the proposed method is more reliable and effective for evaluating the best alternative in risk management problems for TIP. |
| format | Article |
| id | doaj-art-d385f3bfaa5148e5b8254ccce6dde0fe |
| institution | Kabale University |
| issn | 2314-4785 |
| language | English |
| publishDate | 2023-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Journal of Mathematics |
| spelling | doaj-art-d385f3bfaa5148e5b8254ccce6dde0fe2025-08-20T03:24:12ZengWileyJournal of Mathematics2314-47852023-01-01202310.1155/2023/7570984Extended DPL-VIKOR Method for Risk Assessment of Technological Innovation Using Dual Probabilistic Linguistic InformationShahzaib Ashraf0Muhammad Ijaz1Muhammad Naeem2Saleem Abdullah3Lula Babole Alphonse-Roger4Institute of MathematicsDepartment of MathematicsDepartment of MathematicsDepartment of MathematicsDepartment of Mathematics and Computer ScienceThe main objective of the present study is to evaluate the multicriteria group decision-making problem in risk management for technological innovation projects (TIPs) under dual-probabilistic linguistic information. The suggested approach is based on an enhanced dual probabilistic linguistic-vise kriterijumska optimizacija kompromisno resenje (DPL-VIKOR) technique to assess risk management in TIP employing probabilistic linguistic information. The conventional VIKOR approach is incapable of dealing with the complexity and difficulty of risk assessment in TIP. Therefore, we incorporated the information included in the dual probabilistic linguistic term set. In DPL-VIKOR, we investigated the relationship between the positive ideal solution (PIS) of the alternative and the negative ideal solution (NIS). To deal with the multicriteria group decision-making problem of risk assessment in TIP, we proposed the extended DPL-VIKOR approach rather than the traditional VIKOR method. We compared the findings to those of several decision-making problem techniques and examined the effectiveness and reliability, as well as advantages of the proposed approach. From the comparison and sensitivity analysis, we conclude that the proposed method is more reliable and effective for evaluating the best alternative in risk management problems for TIP.http://dx.doi.org/10.1155/2023/7570984 |
| spellingShingle | Shahzaib Ashraf Muhammad Ijaz Muhammad Naeem Saleem Abdullah Lula Babole Alphonse-Roger Extended DPL-VIKOR Method for Risk Assessment of Technological Innovation Using Dual Probabilistic Linguistic Information Journal of Mathematics |
| title | Extended DPL-VIKOR Method for Risk Assessment of Technological Innovation Using Dual Probabilistic Linguistic Information |
| title_full | Extended DPL-VIKOR Method for Risk Assessment of Technological Innovation Using Dual Probabilistic Linguistic Information |
| title_fullStr | Extended DPL-VIKOR Method for Risk Assessment of Technological Innovation Using Dual Probabilistic Linguistic Information |
| title_full_unstemmed | Extended DPL-VIKOR Method for Risk Assessment of Technological Innovation Using Dual Probabilistic Linguistic Information |
| title_short | Extended DPL-VIKOR Method for Risk Assessment of Technological Innovation Using Dual Probabilistic Linguistic Information |
| title_sort | extended dpl vikor method for risk assessment of technological innovation using dual probabilistic linguistic information |
| url | http://dx.doi.org/10.1155/2023/7570984 |
| work_keys_str_mv | AT shahzaibashraf extendeddplvikormethodforriskassessmentoftechnologicalinnovationusingdualprobabilisticlinguisticinformation AT muhammadijaz extendeddplvikormethodforriskassessmentoftechnologicalinnovationusingdualprobabilisticlinguisticinformation AT muhammadnaeem extendeddplvikormethodforriskassessmentoftechnologicalinnovationusingdualprobabilisticlinguisticinformation AT saleemabdullah extendeddplvikormethodforriskassessmentoftechnologicalinnovationusingdualprobabilisticlinguisticinformation AT lulababolealphonseroger extendeddplvikormethodforriskassessmentoftechnologicalinnovationusingdualprobabilisticlinguisticinformation |