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The channel members' utilities increase with their social preference value.
After determining the initial triplet of preferences, the preference value is updated based on the golden section search to find the final preference value.
The final preference value is p r=ϕ c if E>E(ϕ c), and the final preference value is p r=ϕ if E
The retail price decreases with the manufacturer's social preference value and increases with that of the retailer.
The golden section search narrows successively the search interval of preference value by updating the triplet of preferences.
With the contract, the company's utility increment increases with its own social preference value and decreases with that of its cooperator.
Similar(20)
Before the actual calculation is begun, the proposed system assigns preference values to the tasks.
It was computed from expert preference values using equations (1) and (2).
The expected values of the normalised fuzzy sets are determined to identify the preference values of the alternative machines.
Otherwise, modify the lower and upper preference values of both level DMs and go to Step 17.
The hesitant fuzzy preference relation (HFPR) was recently introduced by Zhu and Xu to allow the decision makers (DMs) to offer several possible preference values over two alternatives.
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