The robust minimum cost consensus model with risk aversion

DOI10.1016/J.INS.2021.12.023OpenAlexW4200434506MaRDI QIDQ6154783FDOQ6154783

Authors Huijie Zhang, Ying Ji, Shaojian Qu, Huan-Huan Li, Ripeng Huang

Publication date 16 February 2024

Published in Information Sciences (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.ins.2021.12.023

zbMATH Keywords

mean-variancerisk aversionrobust optimizationgroup decision-makinguncertain setminimum cost consensus

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Decision theory (91B06)

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Cites work

• A heterogeneous QUALIFLEX method with criteria interaction for multi-criteria group decision making
• A new approach for worst-case regret portfolio optimization problem
• Consensus efficiency in group decision making: a comprehensive comparative study and its optimal design
• Consensus mechanism with maximum-return modifications and minimum-cost feedback: a perspective of game theory
• Large group decision-making incorporating decision risk and risk attitude: a statistical approach
• Modeling the minimum cost consensus problem in an asymmetric costs context
• On Polyhedral Approximations of the Second-Order Cone
• Robust Solutions of Uncertain Quadratic and Conic-Quadratic Problems
• Robust Solutions to Uncertain Semidefinite Programs
• Robust optimization
• The pricing of options and corporate liabilities
• Theory of games and economic behavior.
• Two consensus models based on the minimum cost and maximum return regarding either all individuals or one individual

Cited in

(6)

• A two-stage distributionally robust maximum expert consensus model with asymmetric costs and risk aversion
• A novel consensus model considering individual and social behaviors under the social trust network
• Robust two-stage minimum asymmetric cost consensus models under uncertainty circumstances
• Robust minimum cost consensus modeling with consensus principle and tolerance level for group decision making
• A data-driven minimum cost consensus model for group decision making with personality traits prediction
• Overlapping community-driven dynamic consensus reaching model of large-scale group decision making in social network

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