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Dynamic decision-making model for safety investment in coal mining enterprises based on cumulative prospect theory
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Fuchuan JIANG1, 2, Yue NIU1, Guoqing ZHANG1, 3, Siyu ZHANG1, Peishun LIU1, Menglin LI1
China Safety Science Journal | 2025, 35(2) : 73 - 80
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China Safety Science Journal | 2025, 35(2): 73-80
• Safety engineering technology •
Dynamic decision-making model for safety investment in coal mining enterprises based on cumulative prospect theory
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Fuchuan JIANG1, 2, Yue NIU1, Guoqing ZHANG1, 3, Siyu ZHANG1, Peishun LIU1, Menglin LI1
Affiliations
  • 1 College of Safety Science and Engineering，Liaoning Technical University，Huludao Liaoning 125105，China
  • 2 Key Laboratory of Mine Thermodynamic Disaster and Control Ministry of Education，Liaoning Technical University，Huludao Liaoning 125105，China
  • 3 Wuhai Gongwusu Coal Industry Co.，Ltd.，CHN Energy，Wuhai Inner Mongolia 016030，China
Published: 2025-02-28 doi: 10.16265/j.cnki.issn1003-3033.2025.02.0426
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In order to improve the safety production level of coal mining enterprises and ensure a reasonable proportion of safety investment，the CPT method was introduced to establish a dynamic safety investment decision-making model that combined the criteria importance through intercriteria correlation(CRITIC) method improved by the coefficient of variation method and CPT. From the perspective of safety input and output，an evaluation index system was constructed，and the weights of each index were calculated by the improved CRITIC method. Combined with the CPT，the static decision-making ranking results of various safety investment schemes in coal mining enterprises were calculated，and on this basis，the results were dynamically optimized to obtain the final dynamic decision-making ranking results of safety investment. The study shows that the constructed model is reasonable and reliable with high sensitivity compared with VlseKriterijumska Optimizacija I Kompromisno Resenje (VIKOR) method. The model considers the influence of the decision maker's subjective risk preference on the actual decision-making results，and the time factor can reflect the dynamic accumulation level during the research period，so the decision-making results are more scientific and reasonable.

cumulative prospect theory (CPT)  /  safety investment  /  dynamic decision-making  /  index system  /  coal mining enterprises
Fuchuan JIANG, Yue NIU, Guoqing ZHANG, Siyu ZHANG, Peishun LIU, Menglin LI. Dynamic decision-making model for safety investment in coal mining enterprises based on cumulative prospect theory[J]. China Safety Science Journal, 2025 , 35 (2) : 73 -80 . DOI: 10.16265/j.cnki.issn1003-3033.2025.02.0426
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Year 2025 volume 35 Issue 2
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Article Info
doi: 10.16265/j.cnki.issn1003-3033.2025.02.0426
  • Receive Date：2024-09-11
  • Online Date：2025-07-05
  • Published：2025-02-28
Article Data
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History
  • Received：2024-09-11
  • Revised：2024-11-15
Funding
Affiliations
    1 College of Safety Science and Engineering，Liaoning Technical University，Huludao Liaoning 125105，China
    2 Key Laboratory of Mine Thermodynamic Disaster and Control Ministry of Education，Liaoning Technical University，Huludao Liaoning 125105，China
    3 Wuhai Gongwusu Coal Industry Co.，Ltd.，CHN Energy，Wuhai Inner Mongolia 016030，China
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