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Multistage decision-making fuzzy methodology for optimal investments based on experts’ evaluations

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  • Sirbiladze, Gia
  • Khutsishvili, Irina
  • Ghvaberidze, Bezhan

Abstract

A new methodology of making a decision on an optimal investment in several projects is proposed. The methodology is based on experts’ evaluations and consists of three stages. In the first stage, Kaufmann’s expertons method is used to reduce a possibly large number of applicants for credit. Using the combined expert data, the credit risk level is determined for each project. Only the projects with low risks are selected.

Suggested Citation

  • Sirbiladze, Gia & Khutsishvili, Irina & Ghvaberidze, Bezhan, 2014. "Multistage decision-making fuzzy methodology for optimal investments based on experts’ evaluations," European Journal of Operational Research, Elsevier, vol. 232(1), pages 169-177.
    • Handle: RePEc:eee:ejores:v:232:y:2014:i:1:p:169-177
    DOI: 10.1016/j.ejor.2013.06.035
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    Cited by:

    1. Al-Ebbini, Lina & Oztekin, Asil & Chen, Yao, 2016. "FLAS: Fuzzy lung allocation system for US-based transplantations," European Journal of Operational Research, Elsevier, vol. 248(3), pages 1051-1065.
    2. Gia Sirbiladze & Otar Badagadze, 2017. "Intuitionistic Fuzzy Probabilistic Aggregation Operators Based on the Choquet Integral: Application in Multicriteria Decision-Making," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 16(01), pages 245-279, January.
    3. Gia Sirbiladze & Irina Khutsishvili & Otar Badagadze & Mikheil Kapanadze, 2016. "More Precise Decision-Making Methodology in the Temporalized Body of Evidence. Application in the Information Technology Management," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 15(06), pages 1469-1502, November.
    4. Gia Sirbiladze, 2016. "New Fuzzy Aggregation Operators Based on the Finite Choquet Integral — Application in the MADM Problem," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 15(03), pages 517-551, May.
    5. Gia Sirbiladze & Anna Sikharulidze, 2018. "Extensions of Probability Intuitionistic Fuzzy Aggregation Operators in Fuzzy MCDM/MADM," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 17(02), pages 621-655, March.

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