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Comparative Performance Assessment with Entropy Weighted ARAS and COPRAS Methods of Private Pension Companies

Author

Listed:
  • Bayrakci, Eylem

    (Isparta University of Applied Sciences)

  • Aksoy, Esra

    (Suleyman Demirel University)

Abstract

The individual pension system enables individuals to gain an additional income during retirement and to help individuals spend their retirement periods in welfare. In countries where the individual pension system is implemented, it contributes to the economy both as a complement to the social security system and as a long-term investment fund. The funds collected in the system are managed by private portfolio management companies to operate in the pension branch. The purpose of this study is to evaluate the performance of individual pension companies operating in our country comparatively with the ARAS and COPRAS methods of the Multi Criteria Decision Making methods. For the analysis of the performances of individual pension companies, the criteria were determined and the weights of the criteria were calculated by entropy method and included in the solution. As a result of the analysis, the performance ranking of the individual pension companies was made and as a result the ranking was found to be the same in both methods.

Suggested Citation

  • Bayrakci, Eylem & Aksoy, Esra, 2019. "Comparative Performance Assessment with Entropy Weighted ARAS and COPRAS Methods of Private Pension Companies," Business and Economics Research Journal, Uludag University, Faculty of Economics and Administrative Sciences, vol. 10(2), pages 415-433, April.
    • Handle: RePEc:ris:buecrj:0399
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    More about this item

    Keywords

    Individual Pension System; Performance; Entropy; ARAS; COPRAS;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

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