Pension service institution selection by a personalized quantifier-based MACONT method

With the emergence of a variety of pension service institutions, how to choose a suitable institution has become a strategic decision-making problem faced by pension service demanders. To solve this problem, this study identifies key evaluation criteria of pension service institutions through the an...

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Autores principales: Zhi Wen, Huchang Liao
Formato: article
Lenguaje:EN
Publicado: Vilnius Gediminas Technical University 2021
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Acceso en línea:https://doaj.org/article/74feff165f854636b85b22671dd5929f
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spelling oai:doaj.org-article:74feff165f854636b85b22671dd5929f2021-11-23T13:51:27ZPension service institution selection by a personalized quantifier-based MACONT method1648-715X1648-917910.3846/ijspm.2021.15651https://doaj.org/article/74feff165f854636b85b22671dd5929f2021-09-01T00:00:00Zhttps://journals.vgtu.lt/index.php/IJSPM/article/view/15651https://doaj.org/toc/1648-715Xhttps://doaj.org/toc/1648-9179With the emergence of a variety of pension service institutions, how to choose a suitable institution has become a strategic decision-making problem faced by pension service demanders. To solve this problem, this study identifies key evaluation criteria of pension service institutions through the analysis of the relevant literature. Then, this study proposes a mixed aggregation by comprehensive normalization technique (MACONT) with a personalized quantifier to select pension service institutions, where the personalized qualifier with cubic spline interpolation is used to derive the position weights of criteria, and the MACONT is improved to determine the ranking of alternatives. A case study about the selection of pension service institutions is provided to verify the feasibility of the proposed model. It is found that the proposed method is effective in dealing with heterogeneous evaluation information, and the personalized quantifiers can be combined with MACONT methods to obtain an optimal solution associated with the attitude of pension service demanders. The identified key evaluation criteria are not only significant for pension service demanders, but also conducive to the further improvement of property management related to pension services.Zhi WenHuchang LiaoVilnius Gediminas Technical Universityarticlemulti-criteria decision makingpension service evaluationpersonalized quantifiercubic spline interpolationmacont methodprobabilistic linguistic term setManagement. Industrial managementHD28-70FinanceHG1-9999ENInternational Journal of Strategic Property Management, Vol 25, Iss 6, Pp 446–458-446–458 (2021)
institution DOAJ
collection DOAJ
language EN
topic multi-criteria decision making
pension service evaluation
personalized quantifier
cubic spline interpolation
macont method
probabilistic linguistic term set
Management. Industrial management
HD28-70
Finance
HG1-9999
spellingShingle multi-criteria decision making
pension service evaluation
personalized quantifier
cubic spline interpolation
macont method
probabilistic linguistic term set
Management. Industrial management
HD28-70
Finance
HG1-9999
Zhi Wen
Huchang Liao
Pension service institution selection by a personalized quantifier-based MACONT method
description With the emergence of a variety of pension service institutions, how to choose a suitable institution has become a strategic decision-making problem faced by pension service demanders. To solve this problem, this study identifies key evaluation criteria of pension service institutions through the analysis of the relevant literature. Then, this study proposes a mixed aggregation by comprehensive normalization technique (MACONT) with a personalized quantifier to select pension service institutions, where the personalized qualifier with cubic spline interpolation is used to derive the position weights of criteria, and the MACONT is improved to determine the ranking of alternatives. A case study about the selection of pension service institutions is provided to verify the feasibility of the proposed model. It is found that the proposed method is effective in dealing with heterogeneous evaluation information, and the personalized quantifiers can be combined with MACONT methods to obtain an optimal solution associated with the attitude of pension service demanders. The identified key evaluation criteria are not only significant for pension service demanders, but also conducive to the further improvement of property management related to pension services.
format article
author Zhi Wen
Huchang Liao
author_facet Zhi Wen
Huchang Liao
author_sort Zhi Wen
title Pension service institution selection by a personalized quantifier-based MACONT method
title_short Pension service institution selection by a personalized quantifier-based MACONT method
title_full Pension service institution selection by a personalized quantifier-based MACONT method
title_fullStr Pension service institution selection by a personalized quantifier-based MACONT method
title_full_unstemmed Pension service institution selection by a personalized quantifier-based MACONT method
title_sort pension service institution selection by a personalized quantifier-based macont method
publisher Vilnius Gediminas Technical University
publishDate 2021
url https://doaj.org/article/74feff165f854636b85b22671dd5929f
work_keys_str_mv AT zhiwen pensionserviceinstitutionselectionbyapersonalizedquantifierbasedmacontmethod
AT huchangliao pensionserviceinstitutionselectionbyapersonalizedquantifierbasedmacontmethod
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