PERFORMANCE EVALUATION OF NON-LIFE INSURANCE COMPANIES WITH BEST-WORST METHOD AND TOPSIS

Gökhan Akyüz; Ömür Tosun; Salih Aka

doi:10.17130/ijmeb.700907

PERFORMANCE EVALUATION OF NON-LIFE INSURANCE COMPANIES WITH BEST-WORST METHOD AND TOPSIS

Abstract

Like in any other field, performance of a company in the insurance industry is the key factor of gaining competitive advantage and market share. In this study, insurance companies are ranked according to their 2016 performance indicators using a two-step hybrid MCDM method including BWM and TOPSIS. Only the non-life insurance companies are used in the study. BWM is one of the relatively new MCDM methods, which has an advantage of using less comparison, measuring the consistency between the pair-wise comparisons and giving interval analysis for multi-optimal situations. In the proposed methodology, BWM is used to calculate the criterion weights and TOPSIS to rank the alternatives. The solutions found are consistent with the real life market shares of the insurance companies.

Keywords

Best-Worst Method,Performance Order,Non-Life Insurance,TOPSIS,Multi- Criteria Decision Making

References

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Details

Primary Language

English

Subjects

Business Administration

Journal Section

Research Article

Authors

Gökhan Akyüz This is me
0000-0003-1191-0766
Türkiye

Ömür Tosun This is me
0000-0003-1571-7373
Türkiye

Salih Aka ^* This is me
0000-0002-6386-8582
Türkiye

Publication Date

March 10, 2020

Submission Date

March 11, 2019

Acceptance Date

January 27, 2020

Published in Issue

Year 2020 Volume: 16 Number: 1

DOI

https://doi.org/10.17130/ijmeb.700907

IZ

https://izlik.org/JA65WN77ES

Cite

RIS / Bibtex

APA

Akyüz, G., Tosun, Ö., & Aka, S. (2020). PERFORMANCE EVALUATION OF NON-LIFE INSURANCE COMPANIES WITH BEST-WORST METHOD AND TOPSIS. Uluslararası Yönetim İktisat Ve İşletme Dergisi, 16(1), 108-125. https://doi.org/10.17130/ijmeb.700907

AMA

1.Akyüz G, Tosun Ö, Aka S. PERFORMANCE EVALUATION OF NON-LIFE INSURANCE COMPANIES WITH BEST-WORST METHOD AND TOPSIS. ijmeb. 2020;16(1):108-125. doi:10.17130/ijmeb.700907

Chicago

Akyüz, Gökhan, Ömür Tosun, and Salih Aka. 2020. “PERFORMANCE EVALUATION OF NON-LIFE INSURANCE COMPANIES WITH BEST-WORST METHOD AND TOPSIS”. Uluslararası Yönetim İktisat Ve İşletme Dergisi 16 (1): 108-25. https://doi.org/10.17130/ijmeb.700907.

EndNote

Akyüz G, Tosun Ö, Aka S (March 1, 2020) PERFORMANCE EVALUATION OF NON-LIFE INSURANCE COMPANIES WITH BEST-WORST METHOD AND TOPSIS. Uluslararası Yönetim İktisat ve İşletme Dergisi 16 1 108–125.

IEEE

[1]G. Akyüz, Ö. Tosun, and S. Aka, “PERFORMANCE EVALUATION OF NON-LIFE INSURANCE COMPANIES WITH BEST-WORST METHOD AND TOPSIS”, ijmeb, vol. 16, no. 1, pp. 108–125, Mar. 2020, doi: 10.17130/ijmeb.700907.

ISNAD

Akyüz, Gökhan - Tosun, Ömür - Aka, Salih. “PERFORMANCE EVALUATION OF NON-LIFE INSURANCE COMPANIES WITH BEST-WORST METHOD AND TOPSIS”. Uluslararası Yönetim İktisat ve İşletme Dergisi 16/1 (March 1, 2020): 108-125. https://doi.org/10.17130/ijmeb.700907.

JAMA

1.Akyüz G, Tosun Ö, Aka S. PERFORMANCE EVALUATION OF NON-LIFE INSURANCE COMPANIES WITH BEST-WORST METHOD AND TOPSIS. ijmeb. 2020;16:108–125.

MLA

Akyüz, Gökhan, et al. “PERFORMANCE EVALUATION OF NON-LIFE INSURANCE COMPANIES WITH BEST-WORST METHOD AND TOPSIS”. Uluslararası Yönetim İktisat Ve İşletme Dergisi, vol. 16, no. 1, Mar. 2020, pp. 108-25, doi:10.17130/ijmeb.700907.

Vancouver

1.Gökhan Akyüz, Ömür Tosun, Salih Aka. PERFORMANCE EVALUATION OF NON-LIFE INSURANCE COMPANIES WITH BEST-WORST METHOD AND TOPSIS. ijmeb. 2020 Mar. 1;16(1):108-25. doi:10.17130/ijmeb.700907

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PERFORMANCE EVALUATION OF NON-LIFE INSURANCE COMPANIES WITH BEST-WORST METHOD AND TOPSIS

PERFORMANCE EVALUATION OF NON-LIFE INSURANCE COMPANIES WITH BEST-WORST METHOD AND TOPSIS

Abstract

Keywords

References

Details

Primary Language

Subjects

Journal Section

Authors

Publication Date

Submission Date

Acceptance Date

Published in Issue

DOI

IZ

Cite

Cited By

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Bütünleşik BWM ve TOPSIS yöntemleri kullanılarak OPEC üyesi ülkeler için kurumsal gelişmişlik analizi

CRITIC TEMELLI WASPAS YÖNTEMİNİ KULLANARAK FİNANSAL PERFORMANSIN DEĞERLENDİRİLMESİ: BIST ENDEKSİNDE YER ALAN SİGORTA ŞİRKETLERİ ÖRNEĞİ

An extended best–worst multiple reference point method: application in the assessment of non-life insurance companies

BİST’e Kayıtlı Tekstil, Giyim Eşyası ve Deri Sektöründe Faaliyet Gösteren İşletmelerin Finansal Performanslarının BWM Tabanlı TOPSIS Yöntemi ile Değerlendirilmesi

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