Document Type : Research Paper
Author
Azerbaijan State Oil and Industry University
Abstract
Group decision making in capital investment involves a collaborative process where multiple stakeholders contribute their perspectives, insights, and expertise to evaluate investment opportunities and make informed decisions. The practical and methodological aims of this process can vary depending on the organization's goals, industry, and market conditions. Conducting research on capital investment group decision making is motivated by several factors such as optimizing investment decisions, enhancing performance, managing risk, adapting to changing conditions, building knowledge and expertise. The investment decision relates to the distribution of financial resources. Investors select the most appropriate investment opportunities based on risk profiles, investment aims and expected returns. Fuzzy multicriteria group decision making in capital investment extends the traditional decision-making process to accommodate multiple criteria that are often uncertain, vague, or subjective in nature. The goal of this paper is to suggest a technique known as the Fuzzy Technique for Order Preference by Similarity to Ideal Solution (fuzzy TOPSIS) for group decision making about investment in the respective vehicle. Fuzzy TOPSIS technique represents a decision for experts, which is multi-criteria and includes an aggregated decision-making process. This paper shows the application of this method when choosing the best alternative, considering the choice of vehicle.
Keywords
- investment management
- multi-criteria decision making
- fuzzy group decision making
- fuzzy numbers
- fuzzy TOPSİS
Main Subjects
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