Title :
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
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;
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
DOI :
10.1109/ICCAE.2010.5451481
