scholarly journals Consensus-based multidimensional due diligence of fintech-enhanced green energy investment projects

2021 ◽  
Vol 7 (1) ◽  
Author(s):  
Wei Liu ◽  
Youfa Sun ◽  
Serhat Yüksel ◽  
Hasan Dinçer
Keyword(s):  
Decision Making ◽  
Group Decision Making ◽  
Balanced Scorecard ◽  
Group Decision ◽  
Green Energy ◽  
Fuzzy Decision Making ◽  
Due Diligence ◽  
Fuzzy Dematel ◽  
Energy Investment ◽  
Investment Projects

AbstractThe purpose of this study is to provide a hybrid group decision-making approach to evaluate fintech-based financial alternatives for green energy investment projects. First, the multidimensional factors of due diligence for fintech-based financing alternatives of green energy investment projects are identified. In this regard, the balanced scorecard perspectives are considered. Next, consensus-based group decision-making analysis is performed. Second, impact-relation directions for fintech-based financing alternatives of green energy investment projects are defined. For this purpose, the spherical fuzzy Decision-Making Trial and Evaluation Laboratory (DEMATEL) methodology is applied. The novelty of this study is its proposal of a new outlook to due diligence of fintech-project financing for renewable energy investments by using the group and integrated decision-making approaches with spherical fuzzy DEMATEL. The findings indicate that customer expectations are the most essential factor for the revenue sharing and rewarding models. Additionally, this study identified that organizational competency plays the most important role with respect to the peer-to-business debt model. In contrast, the conclusion was reached that financial returns have the greatest importance for the equity sharing model.

scholarly journals Balanced Scorecard-Based Evaluation of Sustainable Energy Investment Projects with IT2 Fuzzy Hybrid Decision Making Approach

Energies ◽  
2019 ◽  
Vol 13 (1) ◽  
pp. 82 ◽  
Author(s):  
Pengran Zhou ◽  
Pengfei Zhou ◽  
Serhat Yüksel ◽  
Hasan Dinçer ◽  
Gülsüm Sena Uluer
Keyword(s):  
Financial Institutions ◽  
Balanced Scorecard ◽  
Large Scale ◽  
Fuzzy Dematel ◽  
Energy Investment ◽  
The Balanced Scorecard ◽  
Investment Projects ◽  
Energy Projects ◽  
Interval Type ◽  
Energy Companies

The purpose of this study is to determine the issues that financial institutions should pay attention to in their decision to provide financing to large scale energy projects. Within this framework, taking into account the Balanced Scorecard (BSC) approach, 4 dimensions and 8 criteria that can be effective in these decisions of financial institutions were determined. After that, the importance weights of these dimensions and criteria were determined by interval type-2 (IT2) fuzzy DEMATEL method. In addition, 3 different types of banks (public, private, foreign) are listed for their performance in financing energy projects. According to the results of the analysis, the technological and financial adequacy of the company that will invest in energy is the issue that financial institutions should pay the most attention to in their credit decision. Therefore, it is important for financial institutions to visit the customer's location and pay attention to the technological adequacy in the process of evaluating the customer's demand for credit for a large-scale energy project. In addition, it would be appropriate not to provide this fund to the energy companies with high indebtedness and insufficient liquidity. Another result of the study is that state banks have the lowest performance in financing these large-scale energy projects. When this result is taken into consideration, state banks need to pay more attention in evaluating large-scale energy projects in order to avoid major losses.

scholarly journals RISKY MULTI-CRITERIA GROUP DECISION MAKING ON GREEN CAPACITY INVESTMENT PROJECTS BASED ON SUPPLY CHAIN

2017 ◽  
Vol 18 (3) ◽  
pp. 355-372 ◽  
Author(s):  
Yan SONG ◽  
Shuang YAO ◽  
Donghua YU ◽  
Yan SHEN
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Group Decision Making ◽  
Group Decision ◽  
Cloud Model ◽  
Decision Makers ◽  
Capacity Investment ◽  
Decision Matrix ◽  
Investment Projects ◽  
Green Capacity

Green capacity investment projects have rapidly emerged involving suppliers, customers, and manufacturing organizations in supply chain systems with environmental challenges. This paper focuses on and identifies both primary strategic and operational elements that will aid managers in evaluating and making risky multi-criteria decisions on green capacity investment projects. We propose a cloud prospect value consensus process consisting of feedback and adjustment mechanisms that provide modification instructions to the corresponding decision makers for a decision matrix based on the cloud model and prospect theory, which considers psychological behavior, disagreements between decision makers, and the ambiguity of linguistic variable assessment across multi-criteria risks. The new model increases the efficiency and accuracy of decision making. To verify the feasibility and validity of the Cloud Prospect Value Consensus Degree based on the Feedback adjustment mechanism, its performance is compared with three state-of-the-art multi-criteria group decision-making methods.

Applying Group Decision Making and Multiple Attribute Decision Making Methods in Business Processes

2014 ◽  
Vol 693 ◽  
pp. 237-242
Author(s):  
Kateřina Kashi ◽  
Jiří Franek
Keyword(s):  
Decision Making ◽  
Group Decision Making ◽  
Balanced Scorecard ◽  
Business Processes ◽  
Group Decision ◽  
Real Life ◽  
Analytic Network Process ◽  
Multiple Attribute Decision Making ◽  
Strategic Decision ◽  
Multiple Attribute

The aim of this applied research is to focus on real-life application of multiple attribute decision making (MADM) methods and their adaptation in a way which can be acceptable for business practice. The study will apply the group decision making methods on a Balanced Scorecard (BSC) as a type of performance measurement and strategic decision making. The study is mainly concerned with multiple criteria decomposition method of analytic network process (ANP) method, WINGS technique and entropy. This group of methods had been already applied in several business domains. However, majority of the implementation was only presented as an example how it could work in practice, but they were not investigated from the perspective of how much information they could provide to the management. In this paper, proposed methods will be used to determine which criteria are most important for the company within the Balanced Scorecard and results of all methods will be compared. The aim of this study is, by utilizing group MADM approach, to discover the areas of the BSC which must be improved so that a total performance increases.

scholarly journals Some Similarity Measures for Triangular Fuzzy Number and Their Applications in Multiple Criteria Group Decision-Making

2013 ◽  
Vol 2013 ◽  
pp. 1-7 ◽  
Author(s):  
Liyuan Zhang ◽  
Xuanhua Xu ◽  
Li Tao
Keyword(s):  
Decision Making ◽  
Group Decision Making ◽  
Group Decision ◽  
Similarity Measures ◽  
Triangular Fuzzy Number ◽  
Multiple Criteria ◽  
Fuzzy Decision Making ◽  
Fuzzy Decision ◽  
Triangular Fuzzy Numbers ◽  
Decision Making Problem

We propose some similarity measures between two triangular fuzzy numbers (TFNs) based on the vector similarity measures in vector space, which can be used to aggregate the decision information with TFNs. A methodology for multiple criteria group decision-making (MCGDM) problems with triangular fuzzy information is proposed; the criteria values take the form of linguistic values, which can be converts to TFNs. According to the weighted similarity measures between each alternative and ideal alternative, it is easy to rank alternatives and select the most desirable alternative. Finally, we apply the proposed methods to an illustrative example of MCGDM; the numerical results show that our method is effective and practical. For comparison, we also apply our similarity measures method to solve the fuzzy decision-making problem in Wei (2011); our method has simpler computation and gets the same results more rapidly than the FLOWHM method.

scholarly journals INTERVAL LINGUISTIC FUZZY DECISION MAKING IN PERSPECTIVE OF PREFERENCE RELATIONS

2019 ◽  
Vol 25 (5) ◽  
pp. 998-1015 ◽  
Author(s):  
Fanyong Meng ◽  
Jia Tang ◽  
Shaolin Zhang
Keyword(s):  
Decision Making ◽  
Group Decision Making ◽  
Practical Problem ◽  
Group Decision ◽  
Programming Model ◽  
Programming Models ◽  
Fuzzy Decision Making ◽  
Fuzzy Decision ◽  
Preference Relations ◽  
Fuzzy Preference Relations

Consistency analysis is a crucial topic for preference relations. This paper studies the consistency of interval linguistic fuzzy preference relations (ILFPRs) using the constrained interval linguistic arithmetic and introduces a new consistency definition. Then, several properties of this definition are researched. Meanwhile, the connection between this concept and a previous one is discussed. Following this concept, programming models for judging the consistency and for deriving consistent ILFPRs are constructed, respectively. Considering the case that incomplete ILFPRs may be obtained, a programming model for obtaining missing judgments following the consistency discussion is built. Afterwards, the consensus for group decision making (GDM) is studied and a model for adjusting individual ILFPRs to reach the consensus threshold is established. Consequently, an interactive procedure for GDM with ILFPRs is presented. A practical problem is provided to illustrate the utilization of the new algorithm and comparative discussion is offered.

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