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Discrete Dynamics in Nature and Society, 2021 The cumulative prospect theory provides a better description for route choice behavior of the travelers in an uncertain road network environment. In this study, we proposed a multiclass cumulative prospect value- (CPV-) based cross-nested logit (CNL ...
Dongmei Yan, Yang Yang
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Intuitionistic Fuzzy TOPSIS Method Based on Improved Score Function and Cumulative Prospect Theory
Journal of Harbin University of Science and Technology, 2022 Aiming at the multi-attribute decision-making problem where the attribute value is represented by the intuitionistic fuzzy number and the attribute weight is unknown.Firstly, an improved score function is proposed, its correctness and superiority are ...
LIU Huan, LI Hao
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Bidding decision in land auction using prospect theory
International Journal of Strategic Property Management, 2015 Land auction is widely practiced in company and government decisions, especially in China. Bidders are always faced with two or more auctions in the period of a decision cycle. The outcome of the auction is under high risk. The bidder's risk attitude and
Yanyan Peng, Xinwang Liu
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The path selection model of emergency logistics based on cumulative prospect theory [PDF]
E3S Web of Conferences, 2019 In recent years, sudden natural disasters occur frequently. Typical emergencies have the characteristics of great uncertainty, large-scale casualty risk, time pressure and urgency, which have a series of serious and sustained impacts on people's ...
Wang Yihua, Yang Mengke, Zhou Xiaoguang
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Pricing Method of the Flexible Bus Service Based on Cumulative Prospect Theory
Journal of Advanced Transportation, 2022 Pricing directly affects the sustainable development of the flexible bus service. This study proposes a profit maximization model and a social welfare maximization model for the flexible bus operator based on the cumulative prospect theory.
Wanjing Ma, Yuhang Guo, Kun An, Lei Wang
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Probabilistic Extention of the Cumulative Prospect Theory [PDF]
SSRN Electronic Journal, 2013 A number of experiments indicate probabilistic preferences in cases where no one alternative is absolutely optimal. The task of predicting the choice of one of the alternatives among multiple alternatives is then practically important and not trivial.
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Crane Safety Assessment Method Based on Entropy and Cumulative Prospect Theory
Entropy, 2017 Assessing the safety status of cranes is an important problem. To overcome the inaccuracies and misjudgments in such assessments, this work describes a safety assessment method for cranes that combines entropy and cumulative prospect theory. Firstly, the
Aihua Li, Zhangyan Zhao
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Sequential Route Choice Modeling Based on Dynamic Reference Points and Its Empirical Study
Discrete Dynamics in Nature and Society, 2020 Aiming at the influence of information, we investigate and analyze the sequential route choice behavior under dynamic reference points based on cumulative prospect theory in this paper. An experiment platform collecting the sequential route choices based
Xueqin Long +3 more
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Journal of Eta Maritime ScienceThis paper proposes an optimal method designed for use in a real-life situation to deal with port route choice decisions for evaluating and aggregating the daily net profit for liner shipping services to assist shipping lines in making optimal decisions ...
Yen Thi Pham +3 more
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Judgment and Decision Making, 2008 Previous tests of cumulative prospect theory (CPT) and of the priority heuristic (PH) found evidence contradicting these two models of risky decision making.
Michael H. Birnbaum
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