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Multicriteria analysis of technological innovation investments using fuzzy sets

    Asli Suder Affiliation
    ; Cengiz Kahraman Affiliation

Abstract

Innovation is the way of transforming the resources of a company through the creativity of people into new resources and wealth. Innovation investments are essential instruments in a company’s competitive productivity and profitability strategy. Evaluation of innovation investments is a multicriteria decision making problem with many conflicting tangible and intangible criteria. Vague nature of this evaluation requires a fuzzy multicriteria methodology. In this paper we propose a fuzzy multicriteria method to evaluate technological innovation investments using eight different criteria. Fuzzy TOPSIS method is used in this evaluation and a sensitivity analysis is given.


First published online: 07 Sep 2015

Keyword : innovation, fuzzy sets, multicriteria evaluation, investment, TOPSIS

How to Cite
Suder, A., & Kahraman, C. (2016). Multicriteria analysis of technological innovation investments using fuzzy sets. Technological and Economic Development of Economy, 22(2), 235-253. https://doi.org/10.3846/20294913.2014.994191
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Mar 24, 2016
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This work is licensed under a Creative Commons Attribution 4.0 International License.