Wenxiang Dong, H. Vicky Zhao^*

CMES-Computer Modeling in Engineering & Sciences, Vol.140, No.1, pp. 139-170, 2024, DOI:10.32604/cmes.2024.047156

Abstract Understanding and modeling individuals’ behaviors during epidemics is crucial for effective epidemic control. However, existing research ignores the impact of users’ irrationality on decision-making in the epidemic. Meanwhile, existing disease control methods often assume users’ full compliance with measures like mandatory isolation, which does not align with the actual situation. To address these issues, this paper proposes a prospect theory-based framework to model users’ decision-making process in epidemics and analyzes how irrationality affects individuals’ behaviors and epidemic dynamics. According to the analysis results, irrationality tends to prompt conservative behaviors when the infection risk is low but encourages risk-seeking behaviors when… More >

Shun Ma¹, Na Yu¹, Xiuna Wang², Shiyan Mei¹, Mingrui Zhao^2,*, Xiaoyu Han²

Energy Engineering, Vol.120, No.10, pp. 2369-2392, 2023, DOI:10.32604/ee.2023.028727

Abstract Using the improved prospect theory with the linear transformations of rewarding good and punishing bad (RGPBIT), a new investment ranking model for power grid construction projects (PGCPs) is proposed. Given the uncertainty of each index value under the market environment, fuzzy numbers are used to describe qualitative indicators and interval numbers are used to describe quantitative ones. Taking into account decision-maker’s subjective risk attitudes, a multi-criteria decision-making (MCDM) method based on improved prospect theory is proposed. First, the [−1, 1] RGPBIT operator is proposed to normalize the original data, to obtain the best and worst schemes of PGCPs. Furthermore, the… More >

Changli Lu¹, Ming Zhao^1,2, Imran Khan³, Peerapong Uthansakul^4,*

CMC-Computers, Materials & Continua, Vol.66, No.2, pp. 1511-1528, 2021, DOI:10.32604/cmc.2020.012556

Abstract The environmental impact of maritime transport has now become a relevant issue in sustainable policy formulation and has attracted increasing interest from academia. For the sustainable development of maritime transport, International Maritime Organization stipulates that the sulfur content of ship emissions will reach 0.5 from 2020. With the approaching of the stipulated implementation date, shipowners need to adopt scientific methods to make decision on low sulfur fuel. In this study, we applied a prospect theory based hesitant fuzzy multi-criteria decision-making model to obtain the optimal decision of low Sulphur marine fuel. For this purpose, the hesitant fuzzy decision matrix is… More >