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Assessing the risk of an investment project using an improved TOPSIS method

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  • Yan Song
  • Xinyun Li
  • Yi Li
  • Xianpei Hong

Abstract

In this paper, we propose an improved TOPSIS evaluation model based on coordinated development. We improve the TOPSIS evaluation model by taking two indicators as examples to deduce the coordination degree between the indicators, based on spatial analytic geometry. Finally, we use a case study to validate the improved model. The results show that the improved model considers not only the weighted distance from the decision-making scheme to the ideal scheme and the negative ideal scheme, but also the coordination information of the multiple indicators, which has a certain theoretical value for multi-attribute decision-making problems.

Suggested Citation

  • Yan Song & Xinyun Li & Yi Li & Xianpei Hong, 2020. "Assessing the risk of an investment project using an improved TOPSIS method," Applied Economics Letters, Taylor & Francis Journals, vol. 27(16), pages 1334-1339, September.
    • Handle: RePEc:taf:apeclt:v:27:y:2020:i:16:p:1334-1339
    DOI: 10.1080/13504851.2019.1679339
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    Cited by:

    1. Qiyong Chen & Shiyu Chen & Changfeng Shi & Qinghua Pang & Ang Li, 2021. "Evaluation of agricultural investment environment in countries around the Black Sea under the background of The Belt and Road," Natural Resources Forum, Blackwell Publishing, vol. 45(4), pages 464-483, November.

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