DOAJ Open Access 2020

An Application of a Fuzzy TOPSIS Multi-Criteria Decision Analysis Algorithm for Dry Bulk Carrier Selection

Bekir Sahin Tsz Leung Yip Po-Hsing Tseng Mehmet Kabak Ahmet Soylu

Abstrak

Decision-making in ship investment is a complex and difficult process with trade-offs. The purpose of this study is to guide the decisions on the purchase of dry bulk carriers based on a Fuzzy Technique for Order Preference by Similarity to Ideal Solution (Fuzzy TOPSIS) multi-criteria decision analysis algorithm. A set of criteria and a set of alternatives based on various characteristics are developed and evaluated with expert questionnaires. The proposed method provides weights for a given criteria to provide ranked alternatives, identifying the optimal solution. The alternatives among the multiple suppliers are ranked in the context of the shipping investment. This study reveals that shipowners are rather acting with a holistic perspective in ship purchase; however, we prove a detailed analysis is required.

Topik & Kata Kunci

Information technology

Penulis (5)

Bekir Sahin

Tsz Leung Yip

Po-Hsing Tseng

Mehmet Kabak

Ahmet Soylu

Format Sitasi

APA MLA BibTeX

Sahin, B., Yip, T.L., Tseng, P., Kabak, M., Soylu, A. (2020). An Application of a Fuzzy TOPSIS Multi-Criteria Decision Analysis Algorithm for Dry Bulk Carrier Selection. https://doi.org/10.3390/info11050251

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Informasi Jurnal

Tahun Terbit: 2020
Sumber Database: DOAJ
DOI: 10.3390/info11050251
Akses: Open Access ✓