Multi-attribute analysis of ship investments under technical terms: a fuzzy extended TOPSIS approach

Author

Bulut, Emrah ; Yoshida, Shigeru ; Duru, Okan

Author_Institution

Dept. of Maritime Logistics, Kobe Univ., Kobe, Japan

Volume

5

fYear

2010

fDate

26-28 Feb. 2010

Firstpage

193

Lastpage

197

Abstract

This paper investigates investment analysis issue on shipping business and handling of technical terms as well as financial circumstances. Ship investments are evaluated by several financial tools such as net present value, payback period etc. However, these financial methods have restrictions for analysis of technical factors such as speed of ship, under keel distance (for entrance to further ports without limitation) etc. A fuzzy-TOPSIS method is applied for hybrid investment analysis problem and results are reported.

Keywords

fuzzy set theory; investment; shipbuilding industry; ships; fuzzy extended TOPSIS approach; hybrid investment analysis problem; multiattribute analysis; ship investments; ship speed; shipping business; technical terms; under keel distance; Buildings; Costs; Decision making; Engineering management; Financial management; Investments; Logistics; Marine transportation; Marine vehicles; Road transportation; Fuzzy sets; Multi-attribute decision making; Ship investment;

fLanguage

English

Publisher

ieee

Conference_Titel

Computer and Automation Engineering (ICCAE), 2010 The 2nd International Conference on

Conference_Location

Singapore

Print_ISBN

978-1-4244-5585-0

Electronic_ISBN

978-1-4244-5586-7

Type

conf

DOI

10.1109/ICCAE.2010.5451481

Filename

5451481