SELECTION AMONG INNOVATIVE PROJECT PROPOSALS USING A HESITANT FUZZY MULTIPLE CRITERIA DECISION MAKING METHOD

Year 2017, , 194 - 202, 30.06.2017

Basar Oztaysi , Sezi Cevik Onar , Cengiz Kahraman

https://doi.org/10.17261/Pressacademia.2017.449

Abstract

Purpose- In recent decades, innovation and desearch and development (R&D) has
been the key component for growth and economic competitiveness for companies
and countries.

Methodology- Since innovation Project require considerable funds and contain risk, it
is important to evaluate their potantial performance and return on investment
to make proper decision.

Findings- The objective of this study is to develop a decision model for
innovative Project selection using multicriteria decision making model (MCDM)
and Hesitant Fuzzy sets. By using MCDM approach, various perspectives on
project evaluation can be integrated into decision making model.

Conclusion-
Employing hesitant fuzzy sets enable a better
representation of decision makers’ inguistic evaluations and thus provide
better results. 

Keywords

Innovative projects, hesitant fuzzy sets, multiple criteria, decision making

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