An extension of fuzzy TOPSIS for a group decision making with an application to tehran stock exchange

Hatami-Marbini, Adel; Kangi, Fatemeh

doi:10.1016/j.asoc.2016.09.021

Cited by 119 publications

(48 citation statements)

References 59 publications

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“…For example, Wu et al [2] proposed an improved Analytical Hierarchy Process (AHP) approach to select an optimal financial investment strategy. An extended TOPSIS method was provided by Hatami-Marbini and Kangi [3], and applied in the Tehran stock exchange. Yazdani-Chamzini et al [4] constructed a model on the basis of AHP, decision-making trial and evaluation, and TOPSIS to evaluate investment risk in the private sector of Iran.…”

Section: Introductionmentioning

confidence: 99%

Evaluating Investment Risks of Metallic Mines Using an Extended TOPSIS Method with Linguistic Neutrosophic Numbers

Liang

Zhao

2017

Symmetry

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Abstract:The investment in and development of mineral resources play an important role in the national economy. A good mining project investment can improve economic efficiency and increase social wealth. Faced with the complexity and uncertainty of a mine's circumstances, there is great significance in evaluating investment risk scientifically. In order to solve practical engineering problems, this paper presents an extended TOPSIS method combined with linguistic neutrosophic numbers (LNNs). Firstly, considering that there are several qualitative risk factors of mining investment projects, the paper describes evaluation information by means of LNNs. The advantage of LNNs is that major original information is reserved with linguistic truth, indeterminacy, and false membership degrees. After that, a number of distance measures are defined. Furthermore, a common status is that the decision makers can't determine the importance degrees of every risk factor directly for a few reasons. With respect to this situation, the paper offers a weight model based on maximizing deviation to obtain the criteria weight vector objectively. Subsequently, a decision-making approach through improving classical TOPSIS with LNNs comes into being. Next, a case study of the proposed method applied in metallic mining projects investment is given. Some comparison analysis is also submitted. At last, the discussions and conclusions are finished.

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Section: Introductionmentioning

confidence: 99%

Evaluating Investment Risks of Metallic Mines Using an Extended TOPSIS Method with Linguistic Neutrosophic Numbers

Liang

Zhao

2017

Symmetry

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“…TOPSIS method uses all the attribute information, presents the total ranking of the alternatives, while the given attribute preferences may be either dependent or independent [61][62][63][64]. TOPSIS method was applied in this case because it is the best-developed method in this field of multicriteria decision-making problems with simple computation process and high flexibility [65]. Furthermore, there are the following four main reasons [66,67]: (a) TOPSIS logic is rational and understandable; (b) the computation processes are straightforward; (c) this approach presents the best alternatives for each criterion through a mathematical formula; (d) the weights of the criteria are integrated into the procedures for comparison.…”

Section: Characteristic Variablementioning

confidence: 99%

Benchmarking Internet Promotion of Renewable Energy Enterprises: Is Sustainability Present?

Andreopoulou

Koliouska

2018

Sustainability

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Sustainability constitutes a broad discipline that focuses on the social, economic and environmental impact of human activities. Many policies and strategies have been developed for the pursuit of environmental sustainability and the guidance to a green society. Many enterprises have taken meaningful steps to improve their own environmental performance through corporate sustainability and environmental management. Environmental management contributes to significant improvements to environmental performance of the enterprises. This paper aims to evaluate the Renewable Energy Enterprises performance in the Internet in Thessaloniki Prefecture regarding the characteristics of sustainability using Multi-criteria Decision Analysis. TOPSIS method was used to provide a ranking of the Renewable Energy Enterprises according to their sustainability and finally conclude to a benchmark. According to the results of the research, the Renewable Energy Enterprises achieve a good level of sustainability but not the optimum. However, the entrepreneurs should adopt modern environmental policy, sustainable marketing, green network framework and certified environmental management system in order to consider their enterprise sustainable.

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“…In order to minimize the impact of human factors, the target selection in different situations needs to be quantified to make the final choice. In this paper, a TOPSIS decision model based on entropy weight is proposed, which can effectively solve the problem of weight distribution and optimal transportation plan selection [20][21][22][23].…”

Section: Mathematical Modelmentioning

confidence: 99%

Improvement of Rail-sea Multimodal Transport with Dry Port Construction: Case Study of Ningbo-Zhoushan Port

Sun¹

2017

SJBM

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Abstract:For interaction between dry port and sea port, rail-sea multimodal transport is the main transportation and organization mode. The extended construction of corridors of rail-sea multimodal transport needed to be studied further. It will help to establish unified mechanism of transportation coordination, realize compatible standard transport rules, and promote the development of enterprises of sea and dry ports. Take Ningbo-Zhoushan sea port as an example, the options of multimodal transport corridors from Ningbo-Zhoushan to southwest areas are analyzed and optimized. In this paper, a TOPSIS decision model based on entropy weight is proposed, helping to effectively select the optimal multimodal transport plan. It is concluded that the best transport plan of 20 feet container from Ningbo-Zhoushan to Chengdu and Guiyang is the direct railway transport. The best transport plan of 20 feet container from Ningbo-Zhoushan to Kunming is the goods transported by rail from Ningbo-Zhoushan to Chongqing and then road from Chongqing to Kunming. Finally, it is suggested that promote the extension and radiation of port function and invest in the construction and operation of dry port.

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An extension of fuzzy TOPSIS for a group decision making with an application to tehran stock exchange

Cited by 119 publications

References 59 publications

Evaluating Investment Risks of Metallic Mines Using an Extended TOPSIS Method with Linguistic Neutrosophic Numbers

Evaluating Investment Risks of Metallic Mines Using an Extended TOPSIS Method with Linguistic Neutrosophic Numbers

Benchmarking Internet Promotion of Renewable Energy Enterprises: Is Sustainability Present?

Improvement of Rail-sea Multimodal Transport with Dry Port Construction: Case Study of Ningbo-Zhoushan Port

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