Comparison of the Performances of MCDM Methods under Uncertainty: An Analysis on Bist SME Industry Index

Mahmut Baydaş

doi:10.26466/opusjsr.1064280

EN

Comparison of the Performances of MCDM Methods under Uncertainty: An Analysis on Bist SME Industry Index

Abstract

MCDM is a sort of ranking and selection methodology widely used both in daily life and in disciplines such as social, science, health, informatics, and engineering. However, the selection of an appropriate MCDM method is a common and chronic problem of these disciplines. Because the issue of determining the most appropriate method among MCDM methods has not been clarified yet. Since the algorithms of more than a hundred MCDM methods currently that are in use are different, the ranking they produce or the "best alternative" often varies. Although all these methods claim to suggest the best alternative, it is unclear which method should be chosen for the decision maker. In fact, it can be said that input capabilities are focused more in the selection of MCDM methods. On the other hand, besides the potential capabilities of MCDM methods, the results they produce are also important in comparison. In this direction, MCDM-based financial performance measurement of companies was made in this study. The performance of WSA and FUCA methods was evaluated according to Spearman rho and entropy values. Accordingly, the method with the highest capacity is clearly FUCA, because this method showed a clearly higher performance in 10 of 12 problems/terms according to both criteria.

Keywords

Performance of MCDMs , Multi Criteria Analysis , Share Price , Entropy , Financial Performance

Kaynakça

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Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

Araştırma Makalesi

Yazarlar

Mahmut Baydaş ^*
0000-0001-6195-667X
Türkiye

Yayımlanma Tarihi

30 Mart 2022

Gönderilme Tarihi

28 Ocak 2022

Kabul Tarihi

11 Mart 2022

Yayımlandığı Sayı

Yıl 1970 Cilt: 19 Sayı: 46

DOI

https://doi.org/10.26466/opusjsr.1064280

IZ

https://izlik.org/JA89KN83CR

APA

Baydaş, M. (2022). Comparison of the Performances of MCDM Methods under Uncertainty: An Analysis on Bist SME Industry Index. OPUS Journal of Society Research, 19(46), 308-326. https://doi.org/10.26466/opusjsr.1064280

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Comparison of the Performances of MCDM Methods under Uncertainty: An Analysis on Bist SME Industry Index

Öz

Comparison of the Performances of MCDM Methods under Uncertainty: An Analysis on Bist SME Industry Index

Abstract

Keywords

Kaynakça

Ayrıntılar

Birincil Dil

Konular

Bölüm

Yazarlar

Yayımlanma Tarihi

Gönderilme Tarihi

Kabul Tarihi

Yayımlandığı Sayı

DOI

IZ

Kaynak Göster

Cited By

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