Title :
Cognitive model of dry bulk carrier investment decision by utilizing Analytic Hierarchy Process
Author :
Bulut, Emrah ; Yoshida, Shigeru ; Duru, Okan
Author_Institution :
Dept. of Maritime Logistics, Kobe Univ., Kobe, Japan
Abstract :
This paper proposes a cognitive model of shipping investment expertise by Analytic Hierarchy Process (AHP) approach and judgmental process survey. Assessment of shipping assets is a complicated task includes both financial and technical aspects and requires high degree of expertise particularly for technical evaluation. As a supporting tool, a fuzzy extended AHP structured is designed by collecting expert appraisal. Multiple scenarios for the market cases are embedded by utilizing fuzzy sets for each asset. Empirical works are performed for Handymax and Panamax size bulk carrier project samples and their corresponding scenarios (i.e. high case, base case and low case).
Keywords :
decision making; fuzzy set theory; goods distribution; investment; transportation; Handymax size bulk carrier project sample; Panamax size bulk carrier project sample; analytic hierarchy process; cognitive model; dry bulk carrier investment decision; fuzzy set theory; shipping investment expertise; Appraisal; Costs; Decision making; Electronic mail; Fuzzy sets; Investments; Logistics; Merchandise; Shipbuilding industry; Statistics;
Conference_Titel :
Industrial Informatics (INDIN), 2010 8th IEEE International Conference on
Conference_Location :
Osaka
Print_ISBN :
978-1-4244-7298-7
DOI :
10.1109/INDIN.2010.5549669
