Regret-based three-way decision making with possibility dominance and SPA theory in incomplete information system

Abstract

In the field of decision making, three-way decision making has been proven more fruitful for providing scopes to make delayed decision along with acceptance and rejection simultaneously. As a result, the decision risk and loss, which could occur due to take rapid decisions in traditional two-way decision making, are effectively reduced. Accordingly, this paper offers a novel three-way multi-attribute decision making model by combining three-way decision making and multi-attribute decision making under an incomplete information system. The incertitude in the information system is illustrated by introducing interval-valued Fermatean connection number based on interval-valued Fermatean fuzzy number and set pair analysis theory. Thereafter, the achievement of this study is five-fold. First, a possibility dominance relation is developed under incomplete information system in the basis of possibility degree measure of interval-valued Fermatean connection number. Second, we put forward a novel procedure to set up the fuzzy state set. Third, the conditional probability is estimated in light of the fuzzy state set and probability dominance relation. Fourth, the relative utility functions are determined in the virtue of regret theory. Lastly, a three-way multi-attribute decision making model is implemented in incomplete information system and exploited to deal with incomplete multi-attribute decision making problems. Eventually, the propriety, stability and superiority of the proposed model is established via conducting the comparative and experimental analysis.