Prioritization of R&D Projects Using Fermatean Fuzzy MARCOS Method


Uçal Sarı İ., Sargın Ş. N.

International Conference on Intelligent and Fuzzy Systems, INFUS 2021, İstanbul, Turkey, 24 - 26 August 2021, vol.308, pp.569-577 identifier

  • Publication Type: Conference Paper / Full Text
  • Volume: 308
  • Doi Number: 10.1007/978-3-030-85577-2_67
  • City: İstanbul
  • Country: Turkey
  • Page Numbers: pp.569-577
  • Keywords: Fermatean fuzzy sets, Fuzzy MARCOS method, R&D projects
  • Istanbul Technical University Affiliated: Yes

Abstract

© 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.Product and service innovations are of great importance to maintain and increase the current market shares of companies. For this reason, the importance that companies attach to R&D projects is increasing constantly, and the problem of which of the proposed R&D projects should be implemented becomes a very critical decision due to the high cost of investments. Accordingly, in this study, an extension of fuzzy MARCOS method using fermatean fuzzy sets is developed to guide the selection of the R&D project to be invested. The developed methodology is applied to a company in the construction industry using the criteria technological applicability, economic benefits, technical benefits, technical risks, potential market size and financial feasibility to rank four innovative R&D projects.