Fuzzy Real Option Value Integrated Fuzzy ANP Method for Location Selection Problems

A. Çagri Tolga; Fatih Tuysuz; Cengiz Kahraman

doi:10.1109/FUZZY.2010.5584655

Fuzzy Real Option Value Integrated Fuzzy ANP Method for Location Selection Problems

A. Çagri Tolga
, Fatih Tuysuz
, Cengiz Kahraman

Department of Industrial Engineering

Galatasaray University
MIGROS TAS

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

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.

Original language	English
Title of host publication	2010 IEEE International Conference on Fuzzy Systems, FUZZ 2010
Publisher	Institute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)	9781424469208
DOIs	https://doi.org/10.1109/FUZZY.2010.5584655
Publication status	Published - 2010
Event	2010 IEEE International Conference on Fuzzy Systems, FUZZ 2010 - Barcelona, Spain Duration: 18 Jul 2010 → 23 Jul 2010

Publication series

Name	IEEE International Conference on Fuzzy Systems
ISSN (Print)	1098-7584

Conference

Conference	2010 IEEE International Conference on Fuzzy Systems, FUZZ 2010
Country/Territory	Spain
City	Barcelona
Period	18/07/10 → 23/07/10

Bibliographical note

Publisher Copyright:
© 2010 IEEE.

Access to Document

10.1109/FUZZY.2010.5584655

Cite this

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title = "Fuzzy Real Option Value Integrated Fuzzy ANP Method for Location Selection Problems",

abstract = "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.",

author = "\{{\c C}agri Tolga\}, A. and Fatih Tuysuz and Cengiz Kahraman",

note = "Publisher Copyright: {\textcopyright} 2010 IEEE.; 2010 IEEE International Conference on Fuzzy Systems, FUZZ 2010 ; Conference date: 18-07-2010 Through 23-07-2010",

year = "2010",

doi = "10.1109/FUZZY.2010.5584655",

language = "English",

series = "IEEE International Conference on Fuzzy Systems",

publisher = "Institute of Electrical and Electronics Engineers Inc.",

booktitle = "2010 IEEE International Conference on Fuzzy Systems, FUZZ 2010",

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Çagri Tolga, A, Tuysuz, F & Kahraman, C 2010, Fuzzy Real Option Value Integrated Fuzzy ANP Method for Location Selection Problems. in 2010 IEEE International Conference on Fuzzy Systems, FUZZ 2010. IEEE International Conference on Fuzzy Systems, Institute of Electrical and Electronics Engineers Inc., 2010 IEEE International Conference on Fuzzy Systems, FUZZ 2010, Barcelona, Spain, 18/07/10. https://doi.org/10.1109/FUZZY.2010.5584655

Fuzzy Real Option Value Integrated Fuzzy ANP Method for Location Selection Problems. / Çagri Tolga, A.; Tuysuz, Fatih; Kahraman, Cengiz.
2010 IEEE International Conference on Fuzzy Systems, FUZZ 2010. Institute of Electrical and Electronics Engineers Inc., 2010. (IEEE International Conference on Fuzzy Systems).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

TY - GEN

T1 - Fuzzy Real Option Value Integrated Fuzzy ANP Method for Location Selection Problems

AU - Çagri Tolga, A.

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.

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M3 - Conference contribution

AN - SCOPUS:105032384007

T3 - IEEE International Conference on Fuzzy Systems

BT - 2010 IEEE International Conference on Fuzzy Systems, FUZZ 2010

PB - Institute of Electrical and Electronics Engineers Inc.

T2 - 2010 IEEE International Conference on Fuzzy Systems, FUZZ 2010

Y2 - 18 July 2010 through 23 July 2010

ER -

Fuzzy Real Option Value Integrated Fuzzy ANP Method for Location Selection Problems

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