MULTICRITERIA ANALYSIS OF TECHNOLOGICAL INNOVATION INVESTMENTS USING FUZZY SETS


Creative Commons License

Suder A. , KAHRAMAN C.

TECHNOLOGICAL AND ECONOMIC DEVELOPMENT OF ECONOMY, vol.22, no.2, pp.235-253, 2016 (Journal Indexed in SSCI) identifier identifier

  • Publication Type: Article / Article
  • Volume: 22 Issue: 2
  • Publication Date: 2016
  • Doi Number: 10.3846/20294913.2014.994191
  • Title of Journal : TECHNOLOGICAL AND ECONOMIC DEVELOPMENT OF ECONOMY
  • Page Numbers: pp.235-253

Abstract

Innovation is the way of transforming the resources of a company through the creativity of people into new resources and wealth. Innovation investments are essential instruments in a company's competitive productivity and profitability strategy. Evaluation of innovation investments is a multicriteria decision making problem with many conflicting tangible and intangible criteria. Vague nature of this evaluation requires a fuzzy multicriteria methodology. In this paper we propose a fuzzy multicriteria method to evaluate technological innovation investments using eight different criteria. Fuzzy TOPSIS method is used in this evaluation and a sensitivity analysis is given.