Araştırma Makalesi

MULTI-CRITERIA INVESTMENT DECISION MAKING FOR PROOF-OF-WORK COINS: IQRBOW-BASED VIKOR APPROACH

Cilt: 6 Sayı: 2 31 Aralık 2024
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MULTI-CRITERIA INVESTMENT DECISION MAKING FOR PROOF-OF-WORK COINS: IQRBOW-BASED VIKOR APPROACH

Öz

This study examines a multi-criteria investment decision-making process for Proof of Work (PoW) cryptocurrencies using the IQRBOW-based Vikor method. The aim of the study is to evaluate the performance of the investment choice generated through multi-criteria decision-making methodologies. The results obtained with the proposed methodology from October 1, 2023, to October 1, 2024 are compared with some other investment choices, showing significant improvements. The motivation for the research stems from the need to manage the significant volatility in the cryptocurrency market and identify optimal portfolio strategies. The fact that the IQRBOW method offers an objective perspective in criteria weighting and also provides the advantage of easy applicability plays an important role in its choice for the study. The findings of the study show that the IQRBOW-based Vikor method is competent in making more balanced investment decisions with significant earning potential, especially in volatile market environments. These findings provide valuable insights for researchers and investors interested in formulating innovative strategies in portfolio management.

Anahtar Kelimeler

Kaynakça

  1. Akbar, N. A., Muneer, A., ElHakim, N., & Fati, S. M. (2021). Distributed hybrid double-spending attack prevention mechanism for proof-of-work and proof-of-stake blockchain consensuses. Future Internet, 13(11), 285. https://doi.org/10.3390/fi13110285
  2. Biryukov, A., & Tikhomirov, S. (2019). Security and privacy of mobile wallet users in Bitcoin, Dash, Monero, and Zcash. Pervasive and Mobile Computing, 59, 101030. https://doi.org/10.1016/j.pmcj.2019.101030
  3. Charfeddine, L., Benlagha, N., & Maouchi, Y. (2020). Investigating the dynamic relationship between cryptocurrencies and conventional assets: Implications for financial investors. Economic Modelling, 85, 198-217. https://doi.org/10.1016/j.econmod.2019.05.016
  4. Ecer, F., Böyükaslan, A., & Hashemkhani Zolfani, S. (2022). Evaluation of cryptocurrencies for investment decisions in the era of Industry 4.0: A borda count-based intuitionistic fuzzy set extensions EDAS-MAIRCA-MARCOS multi-criteria methodology. Axioms, 11(8), 404. https://doi.org/10.3390/axioms11080404
  5. Fang, F., Ventre, C., Basios, M., Kanthan, L., Martinez-Rego, D., Wu, F., & Li, L. (2022). Cryptocurrency trading: A comprehensive survey. Financial Innovation, 8, 13. https://doi.org/10.1186/s40854-021-00321-6
  6. Fidan, Ü. (2022). Portföy çeşitlendirme kararı için Bitcoin bir alternatif olabilir mi? MEREC tabanlı VIKOR yaklaşımı. Akademik Yaklaşımlar Dergisi, 13(2), 526-545. https://doi.org/10.54688/ayd.1182620
  7. Fidan, Ü. (2024). Basic statistical methods in determining criteria weights. International Journal of Information Technology and Decision Making. https://doi.org/10.1142/s0219622024500093
  8. Gemeliarana, I. G. A. K., & Sari, R. F. (2018). Evaluation of proof of work (POW) blockchains security network on selfish mining. In 2018 International seminar on research of information technology and intelligent systems (ISRITI) (pp. 126-130). IEEE. https://doi.org/10.1109/ISRITI.2018.8864381

Ayrıntılar

Birincil Dil

İngilizce

Konular

Finans

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

31 Aralık 2024

Gönderilme Tarihi

30 Ekim 2024

Kabul Tarihi

10 Aralık 2024

Yayımlandığı Sayı

Yıl 2024 Cilt: 6 Sayı: 2

Kaynak Göster

APA
Erbey, A. (2024). MULTI-CRITERIA INVESTMENT DECISION MAKING FOR PROOF-OF-WORK COINS: IQRBOW-BASED VIKOR APPROACH. Economics Business and Organization Research, 6(2), 117-136. https://izlik.org/JA85SB66NP
AMA
1.Erbey A. MULTI-CRITERIA INVESTMENT DECISION MAKING FOR PROOF-OF-WORK COINS: IQRBOW-BASED VIKOR APPROACH. Economics Business and Organization Research. 2024;6(2):117-136. https://izlik.org/JA85SB66NP
Chicago
Erbey, Ali. 2024. “MULTI-CRITERIA INVESTMENT DECISION MAKING FOR PROOF-OF-WORK COINS: IQRBOW-BASED VIKOR APPROACH”. Economics Business and Organization Research 6 (2): 117-36. https://izlik.org/JA85SB66NP.
EndNote
Erbey A (01 Aralık 2024) MULTI-CRITERIA INVESTMENT DECISION MAKING FOR PROOF-OF-WORK COINS: IQRBOW-BASED VIKOR APPROACH. Economics Business and Organization Research 6 2 117–136.
IEEE
[1]A. Erbey, “MULTI-CRITERIA INVESTMENT DECISION MAKING FOR PROOF-OF-WORK COINS: IQRBOW-BASED VIKOR APPROACH”, Economics Business and Organization Research, c. 6, sy 2, ss. 117–136, Ara. 2024, [çevrimiçi]. Erişim adresi: https://izlik.org/JA85SB66NP
ISNAD
Erbey, Ali. “MULTI-CRITERIA INVESTMENT DECISION MAKING FOR PROOF-OF-WORK COINS: IQRBOW-BASED VIKOR APPROACH”. Economics Business and Organization Research 6/2 (01 Aralık 2024): 117-136. https://izlik.org/JA85SB66NP.
JAMA
1.Erbey A. MULTI-CRITERIA INVESTMENT DECISION MAKING FOR PROOF-OF-WORK COINS: IQRBOW-BASED VIKOR APPROACH. Economics Business and Organization Research. 2024;6:117–136.
MLA
Erbey, Ali. “MULTI-CRITERIA INVESTMENT DECISION MAKING FOR PROOF-OF-WORK COINS: IQRBOW-BASED VIKOR APPROACH”. Economics Business and Organization Research, c. 6, sy 2, Aralık 2024, ss. 117-36, https://izlik.org/JA85SB66NP.
Vancouver
1.Ali Erbey. MULTI-CRITERIA INVESTMENT DECISION MAKING FOR PROOF-OF-WORK COINS: IQRBOW-BASED VIKOR APPROACH. Economics Business and Organization Research [Internet]. 01 Aralık 2024;6(2):117-36. Erişim adresi: https://izlik.org/JA85SB66NP