Determination of the Most Suitable Credit Provider in Banking Services with Multi Criteria Decision Making Methods
Journal Title: International Journal of Engineering and Science Invention - Year 2018, Vol 7, Issue 3
Abstract
In our age, banking became inevitable for businesses especially in economic life. Even, banks are the first institutions as saviors that come to mind in economic crises that businesses face. The most obvious reason for this is the availability of credit opportunities. In particular, banks can solve financial bottlenecks of large corporations rather than individuals. However, when offering these solutions to businesses, banks can drag the other side to a burden of debt. For this reason, it has been considered necessary to use multi criteria decision making (MCDM) methods in order to meet the lesser costs of the buyers in the loans required from the banks. In this study, a company operating in Turkey to purchase a new machine has been determined that it needs to financial support. In line with this requirement, it was deemed appropriate to use SMART and EDAS methods in determining the most suitable bank for the need loan to be taken from the selected banks. As a result, the results of the two methods of analysis overlap to a great extent. A4 (Ziraat Bankası) was ranked first as the result of the analysis carried out by two different methods. The result of the analysis is shared with the authorities of the relevant business.
Authors and Affiliations
Dr. Hakan Murat ARSLAN
Keywords
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