Prioritizing investment in the private sector of Iran
Journal Title: International Research Journal of Applied and Basic Sciences - Year 2013, Vol 5, Issue 2
Abstract
This paper proposes asystematic and organized approach for group decision making in the present of the uncertainty involved in expert judgments as used to multi criteria decision-making (MCDM) issues. This procedure comprises the selection of the optimum alternative with respect to the evaluation criteria under consideration in particular to select the type of investment. However, the selection of the investment is difficult on account of taking into account numerous quantitative and qualitative parameters like benefits, opportunities, costs, and risks.On the other hand, according to the information is incomplete or unavailable, uncertainty is an inseparable part of making decision for solving the MCDM problems. Therefore, this paper proposes a new hybrid model based on analytic network process (ANP) and Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) techniques under fuzzy environment to evaluatethe problem of the selection of the type of the investment. To demonstrate the potential application of the proposed model, a numerical example is illustrated and investigated. The results show that the proposed model has a high ability to prioritize the sources of investment.
Authors and Affiliations
Abdolreza Yazdani-Chamzini| South Tehran Branch, Islamic Azad University, Tehran, Iran, Shahram Shariati| Islamic Azad University (IAU), Sari branch, Sari, Iran, email: shariati.shahram@gmail.comandshariati@ayerma.ir
Keywords
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