An Application of the VIKOR Method to Decision Making in Investment Problem Under Z-Valued Information

  • Konul JabbarovaEmail author
  • Naila Hasanova
Conference paper
Part of the Advances in Intelligent Systems and Computing book series (AISC, volume 896)


The multi-criteria decision making is one of the important activities in real-world problems. Real-world decision problems are often characterized by imperfect information. In this paper we consider application of the VIKOR method to solving real world investment problem with Z-information.


Z-number VIKOR index Utility measure Regret measure Investment problem 


  1. 1.
    Chatterjeea, P., Chakraborty, S.: Comparative analysis of VIKOR method and its variants. Decis. Sci. Lett. 5(4), 469–486 (2016)CrossRefGoogle Scholar
  2. 2.
    Chowdhury, S., Poet, R., Mackenzie, L.: Multicriteria optimization to select images as passwords in recognition based graphical authentication systems. In: Conference 2013, HAS, pp. 13–22. Springer (2013)Google Scholar
  3. 3.
    Liu, P., Zhang, L.: The extended VIKOR method for multiple criteria decision making problem based on neutrosophic hesitant fuzzy set.
  4. 4.
    Wang, C.-H., Pang, C.-T.: Using VIKOR method for evaluating service quality of online auction under fuzzy environment. Int. J. Comput. Sci. Eng. Technol. 1(6), 307–314 (2011)Google Scholar
  5. 5.
    Opricovic, S.: Fuzzy VIKOR with an application to water resources planning. Expert Syst. Appl. 38, 12983–12990 (2011)CrossRefGoogle Scholar
  6. 6.
    Yazici, I., Kahraman, C.: VIKOR method using interval type two fuzzy sets. J. Intell. Fuzzy Syst. 29(1), 411–421 (2015)MathSciNetCrossRefGoogle Scholar
  7. 7.
    Aliev, R.A., Alizadeh, A.V., Huseynov, O.H.: The arithmetic of discrete Z-numbers. Inf. Sci. 290, 134–155 (2015)MathSciNetCrossRefGoogle Scholar
  8. 8.
    Aliev, R.A., Alizadeh, A.V., Huseynov, O.H., Jabbarova, K.I.: Z-number based linear programming. Int. J. Intell. Syst. 30(5), 563–589 (2015)CrossRefGoogle Scholar
  9. 9.
    Aliev, R.A., Huseynov, O.H.: Decision Theory with Imperfect Information. World Scientific, Singapore (2014)CrossRefGoogle Scholar
  10. 10.
    Aliev, R.A., Huseynov, O.H., Aliyev, R.R., Alizadeh, A.V.: The Arithmetic of Z-Numbers: Theory and Applications. World Scientific, Singapore (2015)CrossRefGoogle Scholar
  11. 11.
    Aliev, R.A., Huseynov, O.H., Serdaroglu, R.: Ranking of Z-numbers and its application in decision making. Int. J. Inf. Technol. Decis. Making 15(6), 1503–1519 (2016)CrossRefGoogle Scholar
  12. 12.
    Jabbarova, A.I.: Solution for the investment decision making problem through interval probabilities. Procedia Comput. Sci. 102, 465–468 (2016)CrossRefGoogle Scholar
  13. 13.
    Aliev, R.A., Pedrycz, W., Huseynov, O.H., Eyupoglu, S.Z.: Approximate reasoning on a basis of Z-number-valued if–then rules. IEEE Trans. Fuzzy Syst. 25(6), 1589–1600 (2017)CrossRefGoogle Scholar

Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.Department of Computer EngineeringAzerbaijan State Oil and Industry UniversityBakuAzerbaijan
  2. 2.Azerbaijan State Oil and Industry UniversityBakuAzerbaijan
  3. 3.Georgia State UniversityAtlantaUSA

Personalised recommendations