Grey multi-criteria group consensus decision-making based on cobweb model

• Published in: Grey systems 2024-06, Vol.14 (3), p.451-472
• Main Authors: Guo, Sandang, Guan, Liuzhen, Li, Qian, Jia, Jing
• Format: Article
• Language: English
• Subjects: Carbon; Decision making; Feedback; Methods; Multiple criterion; Network analysis; Social network analysis; Social networks
• ISSN: 2043-9377; 2043-9385
• DOI: 10.1108/GS-08-2023-0079

PurposeConsidering the bounded confidence of decision-makers (DMs), a new grey multi-criteria group consensus decision-making (GMCGCDM) model is established by using interval grey number (IGN), cobweb model, social network analysis (SNA) and consensus reaching process (CPR).Design/methodology/approachFirstly, the model analyzes the social relationship of DM under social networks and proposes a calculation method for DMs’ weights based on SNA. Secondly, the model defines a cobweb model to consider the preferences of decision-making alternatives in the decision-making process. The consensus degree is calculated by the area surrounded by the connections between each index value of DMs and the group. Then, the model coordinates the different opinions of various DMs to reduce the degree of bias of each DM and designs a consensus feedback mechanism based on bounded confidence to guide DMs to reach consensus.FindingsThe advantage of the proposed method is to highlight the practical application, taking the selection of low-carbon suppliers in the context of dual carbon as an example. Comparison analysis is performed to reveal the interpretability and applicability of the method.Originality/valueThe main contribution of this paper is to propose a new GMCGCDM model, which can not only expand the calculation method of DM’s weight and consensus degree but also reduce the time and cost of decision-making.