Abstract
Product and service innovations are of great importance to maintain and increase the current market shares of companies. For this reason, the importance that companies attach to R&D projects is increasing constantly, and the problem of which of the proposed R&D projects should be implemented becomes a very critical decision due to the high cost of investments. Accordingly, in this study, an extension of fuzzy MARCOS method using fermatean fuzzy sets is developed to guide the selection of the R&D project to be invested. The developed methodology is applied to a company in the construction industry using the criteria technological applicability, economic benefits, technical benefits, technical risks, potential market size and financial feasibility to rank four innovative R&D projects.
| Original language | English |
|---|---|
| Title of host publication | Intelligent and Fuzzy Techniques for Emerging Conditions and Digital Transformation - Proceedings of the INFUS 2021 Conference |
| Editors | Cengiz Kahraman, Selcuk Cebi, Sezi Cevik Onar, Basar Oztaysi, A. Cagri Tolga, Irem Ucal Sari |
| Publisher | Springer Science and Business Media Deutschland GmbH |
| Pages | 569-577 |
| Number of pages | 9 |
| ISBN (Print) | 9783030855765 |
| DOIs | |
| Publication status | Published - 2022 |
| Event | International Conference on Intelligent and Fuzzy Systems, INFUS 2021 - Istanbul, Turkey Duration: 24 Aug 2021 → 26 Aug 2021 |
Publication series
| Name | Lecture Notes in Networks and Systems |
|---|---|
| Volume | 308 |
| ISSN (Print) | 2367-3370 |
| ISSN (Electronic) | 2367-3389 |
Conference
| Conference | International Conference on Intelligent and Fuzzy Systems, INFUS 2021 |
|---|---|
| Country/Territory | Turkey |
| City | Istanbul |
| Period | 24/08/21 → 26/08/21 |
Bibliographical note
Publisher Copyright:© 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.
Keywords
- Fermatean fuzzy sets
- Fuzzy MARCOS method
- R&D projects
