TY - GEN
T1 - Fuzzy real option value integrated fuzzy ANP method for location selection problems
AU - Tolga, A. Çagri
AU - Tuysuz, Fatih
AU - Kahraman, Cengiz
PY - 2010
Y1 - 2010
N2 - Location selection decisions are irreversible for any type of enterprise. Making the right choice is vital. In this work, at the beginning, criteria for location selection in retail sector are determined. Then because of the dependency among criteria we choose ANP method as multi-criteria decision aid. The data are ambiguous and the nature of the problem is dynamic, hence fuzzy ANP is preferred. As the measurement technique of the financial criterion, we used the fuzzy real option value that calculates the risky side of the problem. Fuzzy trinomial lattice method without any future competitor is offered as the solution procedure for fuzzy real option value through its impact on efficiency and accuracy.
AB - Location selection decisions are irreversible for any type of enterprise. Making the right choice is vital. In this work, at the beginning, criteria for location selection in retail sector are determined. Then because of the dependency among criteria we choose ANP method as multi-criteria decision aid. The data are ambiguous and the nature of the problem is dynamic, hence fuzzy ANP is preferred. As the measurement technique of the financial criterion, we used the fuzzy real option value that calculates the risky side of the problem. Fuzzy trinomial lattice method without any future competitor is offered as the solution procedure for fuzzy real option value through its impact on efficiency and accuracy.
UR - http://www.scopus.com/inward/record.url?scp=78549285654&partnerID=8YFLogxK
U2 - 10.1109/FUZZY.2010.5584655
DO - 10.1109/FUZZY.2010.5584655
M3 - Conference contribution
AN - SCOPUS:78549285654
SN - 9781424469208
T3 - 2010 IEEE World Congress on Computational Intelligence, WCCI 2010
BT - 2010 IEEE World Congress on Computational Intelligence, WCCI 2010
T2 - 2010 6th IEEE World Congress on Computational Intelligence, WCCI 2010
Y2 - 18 July 2010 through 23 July 2010
ER -
