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.
| Original language | English |
|---|---|
| Pages (from-to) | 235-253 |
| Number of pages | 19 |
| Journal | Technological and Economic Development of Economy |
| Volume | 22 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 3 Mar 2016 |
Bibliographical note
Publisher Copyright:© 2016 Vilnius Gediminas Technical University (VGTU) Press.
Keywords
- TOPSIS
- fuzzy sets
- innovation
- investment
- multicriteria evaluation