Performance Evaluation of Sugar Plants by Fuzzy Technique for Order Performance by Similarity to Ideal Solution (TOPSIS)

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dc.contributor.authorArslan, Muhammed
dc.contributor.authorÇunkaş, Mehmet
dc.date.accessioned2020-03-26T18:31:01Z
dc.date.available2020-03-26T18:31:01Z
dc.date.issued2012
dc.departmentSelçuk Üniversitesien_US
dc.description.abstractThis study presents the performance evaluation of sugar plants using the technique for order performance by similarity to ideal solution (TOPSIS) under a fuzzy environment. First, the decision criteria used to evaluate the performances are determined, and then the data from financial statements are collected from sugar plants. Accordingly, the ratings of various alternatives under various criteria and the importance weights of various criteria are assessed by evaluators using linguistic terms. The data obtained are converted into a fuzzy triangular number system and then the fuzzy TOPSIS method is applied to make a final decision. According to the closeness coefficients, the sugar plants are ranked from strong to weak. A real case study involving eight evaluation criteria and nine sugar plants assessed by nine evaluators is provided to illustrate the proposed method. The results show that this method is an effective tool for evaluating investment risks based on the heuristic knowledge acquired from experts.en_US
dc.identifier.citationArslan, M., Çunkaş, M., (2012). Performance Evaluation of Sugar Plants by Fuzzy Technique for Order Performance by Similarity to Ideal Solution (TOPSIS). Cybernetics and Systems, 43(7), 529-548. DOI: 10.1080/01969722.2012.717851
dc.identifier.doi10.1080/01969722.2012.717851en_US
dc.identifier.endpage548en_US
dc.identifier.issn0196-9722en_US
dc.identifier.issn1087-6553en_US
dc.identifier.issue7en_US
dc.identifier.scopusqualityQ3en_US
dc.identifier.startpage529en_US
dc.identifier.urihttps://dx.doi.org/10.1080/01969722.2012.717851
dc.identifier.urihttps://hdl.handle.net/20.500.12395/28293
dc.identifier.volume43en_US
dc.identifier.wosWOS:000309811200001en_US
dc.identifier.wosqualityQ3en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.institutionauthorÇunkaş, Mehmet
dc.language.isoenen_US
dc.publisherTAYLOR & FRANCIS INCen_US
dc.relation.ispartofCybernetics and Systemsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.selcuk20240510_oaigen_US
dc.subjectdecision-makingen_US
dc.subjectfuzzy setsen_US
dc.subjectperformance evalutionen_US
dc.subjectsugar plantsen_US
dc.subjectTOPSISen_US
dc.titlePerformance Evaluation of Sugar Plants by Fuzzy Technique for Order Performance by Similarity to Ideal Solution (TOPSIS)en_US
dc.typeArticleen_US

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