scholarly journals A COMPARATIVE STUDY OF INTEGRATED FMCDM METHODS FOR EVALUATION OF ORGANIZATIONAL STRATEGY DEVELOPMENT

2018 ◽  
Vol 19 (2) ◽  
pp. 360-381 ◽  
Author(s):  
Nimet Yapici Pehlivan ◽  
Aynur Şahin ◽  
Edmundas Kazimieras Zavadskas ◽  
Zenonas Turskis
Keyword(s):  
Practical Implication ◽  
Distribution Channel ◽  
Organizational Strategy ◽  
Strategy Development ◽  
Multi Criteria Decision Making ◽  
Linguistic Variables ◽  
Business World ◽  
Financial Perspective ◽  
Distribution Channel Management ◽  
Research Implication

With the globalization of economy and development of technology, organizational strategy development in distribution channel management has become more significant for competitive business world. To improve distribution channel performance, many companies have focused on Multi-Criteria Decision Making (MCDM) methods. In the literature, there are a great number of studies on MCDM and fuzzy MCDM (FMCDM) methods, whereas a few studies on integrated FMCDM methods. The purpose of this study is to propose integrated FMCDM methodology including FAHP, WASPAS-F, EDAS-F and ARAS-F. In these methods, relative importances of the criteria are determined by FAHP. Managerial and financial perspective is determined as the most important criteria by FAHP methods. Then WASPAS-F, EDAS-F and ARAS-F methods are carried out to rank the alternatives. The practical implication of the integrated FMCDM methods is the use of linguistic variables for assessment of the criteria and the alternatives. As a research implication, Hybrid Based Strategy is determined as the best organizational strategy. The originality and value of study is to present comparative analyzes using the newly developed WASPAS-F, EDAS-F and ARAS-F integrated with FAHP methods. An important finding of the study is that the ranking results of the proposed methods are consistent with each other.

scholarly journals Dimensional Analysis under Linguistic Pythagorean Fuzzy Set

Symmetry ◽  
2021 ◽  
Vol 13 (3) ◽  
pp. 440
Author(s):  
Aldo Joel Villa Silva ◽  
Luis Pérez-Domínguez ◽  
Erwin Martínez Gómez ◽  
David Luviano-Cruz ◽  
Delia Valles-Rosales
Keyword(s):  
Decision Making ◽  
Dimensional Analysis ◽  
Fuzzy Set ◽  
Multi Criteria Decision Making ◽  
Linguistic Variables ◽  
Mutual Relationship ◽  
Pythagorean Fuzzy Set ◽  
Cnc Router ◽  
Selection Of

Dimensional analysis under linguistic Pythagorean fuzzy set (DA-LPFS) is a technique to handle qualitative (intangible) as well as the interactions between criteria, by combining dimensional analysis (DA) and Pythagorean fuzzy set (PFS) with linguistic variables. In this paper, a novel DA method is proposed for LPFSs based in a PFS extension, in order to consider the mutual relationship among criteria and handle qualitative (fuzzy) and quantitative (crisp) information usually involved in Multi-criteria decision making (MCDM) problems. Finally, DA-LPFS is applied to handle a case concerning the selection of CNC router to illustrate the applicability of the method.

scholarly journals Risk Profiles Along the Lifecycle in Dynamic Markets

2015 ◽  
Vol 6 (3) ◽  
pp. 35-46
Author(s):  
Tamas Koplyay ◽  
Brian Mitchell ◽  
Sorin Cohn ◽  
Maria Fekete ◽  
Abdelkader Jazouli
Keyword(s):  
Value Chain ◽  
Critical Role ◽  
Distribution Channel ◽  
Operating Mode ◽  
Life And Death ◽  
Dynamic Markets ◽  
Start Up ◽  
Distribution Channel Management ◽  
A Company

Abstract That supply chain management and logistics are a determining factor for the long term success of a company was well documented by Forrester over a half century ago [1], with the importance of the statement only growing through the intervening years.Whether consciously factored into the operating mode or not, logistics and distribution channel management plays a critical role in the life, and death, of a firm. From the rudimentary beginnings of the start-up company to the hectic world of the growth company and onto the relatively secure existence in mature markets, the value chain consisting of logistics and distribution channel linkages follows the firm, until it solidifies into immutable form of the mature value chain and begins to exert an inexorable pressure on the survival of the entire chain, and conversely the chain imposes its will on the members. The emergence of mature industry value chains is often driven by the need to monopolistically control logistics and distribution channels which provides a competitive advantage but also introduces a serious exposure to pending shock loadings of the chain.

Fuzzy Analytic Hierarchy Process and Its Application to E-Marketplace Selection

2013 ◽  
pp. 26-44 ◽  
Author(s):  
Beyza Ahlatcioglu Ozkok ◽  
Elisa Pappalardo
Keyword(s):  
Decision Making ◽  
Analytic Hierarchy Process ◽  
Fuzzy Ahp ◽  
Multi Criteria Decision Making ◽  
Linguistic Variables ◽  
Analytic Hierarchy ◽  
Multi Attribute Decision Making ◽  
Electronic Parts ◽  
Hierarchy Process

Making decisions is a part of daily life. The nature of decision-making includes multiple and usually conflicting criteria. Multi Criteria Decision-Making (MCDM) problems are handled under two main headings: Multi Attribute Decision Making (MADM) and Multi Objective Decision Making (MODM). Analytic Hierarchy Process (AHP) is a widely used multi-criteria decision making approach and has successfully been applied to many practical problems. Traditional AHP requires exact or crisp judgments (numbers). However, due to the complexity and uncertainty involved in real world decision problems, decision makers might be more reluctant to provide crisp judgments than fuzzy ones. Furthermore, even when people use the same words, individual judgments of events are invariably subjective, and the interpretations that they attach to the same words may differ. This is why fuzzy numbers and fuzzy sets have been introduced to characterize linguistic variables. Here, the authors overview the most known fuzzy AHP approaches and their application, and they present a case study to select an e-marketplace for a firm, which produces and sells electronic parts of computers in Turkey.

Teleinvestmentevangelists: celebrity, ritual and religion and the quest to “beat the market”

2015 ◽  
Vol 7 (3) ◽  
pp. 290-308 ◽  
Author(s):  
Douglas E Allen ◽  
Mary Keller ◽  
Elton (Skip) McGoun
Keyword(s):  
Practical Implication ◽  
Individual Investors ◽  
Ample Evidence ◽  
Content Type ◽  
Theoretical Perspectives ◽  
Overwhelming Evidence ◽  
The Face ◽  
Research Implication ◽  
The Individual ◽  
Stock Picking

Purpose – This paper aims to offer a cultural understanding of investor faith in stock picking despite overwhelming evidence questioning its efficacy. Why, in the face of very widely communicated findings calling into question the advice and assistance offered by financial professionals to help them pick stocks or manage their mutual funds, do so many people persist in these practices? The authors believe that the best way to understand investor faith in the efficacy of stock picking is through teleinvestmentevangelists such as Jim Cramer, whose fusion of celebrity and religion taps into the ritualistic elements of investment that usually lie hidden. Drawing from media, religious and cultural studies theory, the authors flesh out the dynamics of the teleinvestmentevangelist as a powerful character, the understanding of which provides insights on the pre-modern meanings that inhere in mediated global capital. Design/methodology/approach – This conceptual work draws on theoretical perspectives and qualitative experiences of everyday investors to explain why the entire field of stock picking remains so robust and captivating in the face of ample evidence that calls into question the validity of the entire phenomenon. Findings – This paper derives and introduces the hypothetical figure of the “Teleinvestmentevangelist” in an attempt to weave dimensions of celebrity, ritual and religion together to explain investors undeterred faith in the ability to pick individual stocks and “beat the market”. Research limitations/implications – The primary research implication of this paper is that it exhibits the continued value of integrating interdisciplinary perspectives for understanding investing experience beyond more limited views undergirded by neoclassical economics. One challenge of the paper is that it attempts to merge three disparate perspectives that have not typically been integrated and applied to financial phenomena. Practical implications – One practical implication of this paper is that it provides a perspective and vocabulary that enables us to understand financial experiences more fully and reflect on these understandings more critically. Social implications – Armed with a richer understanding of financial and investing experience, individual investors can better appreciate fundamental cultural misrecognitions that potentially culminate in symbolic violence whereby certain groups of investors are systematically disadvantaged. Originality/value – The originality of this paper lies in its synthesis of disparate literature bases and application of this synthesis to the financial and investing world. Not only are the individual theoretical perspectives rarely consulted vis-à-vis investing experience but also is their synthesis particularly unique and original in the context of financial and investing phenomena.

Strategy development with SWOT analysis on manufacturing companies in rapid growth: A ceramic industry application

2018 ◽  
Vol 4 (10) ◽  
pp. 01-12
Author(s):  
Feyza Gurbuz
Keyword(s):  
Decision Making ◽  
Swot Analysis ◽  
Multicriteria Decision Making ◽  
Strategy Management ◽  
Strategy Development ◽  
Multi Criteria Decision Making ◽  
Manufacturing Companies ◽  
Analysis Strategy ◽  
Decision Making Processes ◽  
Potential Strategy

Decision-making is important for organisations, since the consequences of given decisions are identified among the major risk factors for organisations’ future. This study aims to prove the importance of using combined decision-making methods for a successful decision-making for managers. In a ceramics company, multi-criteria decision-making processes were applied for taking quick action for future strategies. SWOT analysis was used for determining potential strategies. After then, multicriteria decision-making methods were used to determine the importance of each potential strategy. Keywords: Multi-criteria decision-making, SWOT analysis, strategy management.

scholarly journals Strategy Map dan Rancangan Balanced Scorecard PT. DPI

2018 ◽  
Vol 7 (2) ◽  
pp. 117
Author(s):  
A Fakhri Arifyanto
Keyword(s):  
Balanced Scorecard ◽  
Customer Relationship ◽  
Strategy Development ◽  
Strategic Objectives ◽  
The Balanced Scorecard ◽  
Strategic Issues ◽  
Strategic Objective ◽  
Financial Perspective ◽  
Strategy Map ◽  
Process Perspective

This research aims to compile and designing Strategy Map and Balanced Scorecard on PT. DPI in order to achieve the objective of becoming an international organization or world class company.  According to David P. Norton which had been quoted by Mathews (2007), Balanced Scorecard is precise methodologies to develop measurement which is capable to describe the organization’s strategy.  Development of Strategy Map is the key to design effective Balanced Scorecard. The analysis result stated that the Strategy Map of PT. DPI could be compiled by virtue of the strategic issues in the corporate level, meanwhile for the Balanced Scorecard design consists of four perspectives in which financial perspective to improve the ROI of strategic objective by increasing revenue from existing product and new product.  Customer perspective, with the strategic objective of customer satisfaction, increased market share by retaining existing customers and add new customers.  Internal Business Process Perspective, with a strategic objective of developing superior products, innovative and sophisticated, improved customer relationship management.  Learning and Growth Perspective, with strategic objectives to improve the quality, professionalism of human resources DPI, to develop a conducive climate in DPI (improve DPI climate).    

scholarly journals E-Money Challenge in Disruption Era: Uncovering the Dilemma Issues from Consumers’ Perspective

2019 ◽  
Vol 1 (2) ◽  
Author(s):  
Nurul Falah ◽  
Cut Irna Setiawati
Keyword(s):  
Quantitative Methods ◽  
Practical Implication ◽  
Statistical Tools ◽  
Narrow Scope ◽  
Telecommunication Company ◽  
Potential Benefits ◽  
Research Implication ◽  
Research Types ◽  
The City

Purpose: The purpose of this paper is to determine factors that drive e-money provider system named Link Aja (produced by Telkomsel, a telecommunication company in Indonesia) users to become less active in using Link Aja, especially users located in Bandung, by remembering some potential commerce and trading conducted in the city that have great potential benefits if all transaction are supported by e-money Link Aja. Methodology: This study uses quantitative methods with descriptive and exploration research types. The technique of collecting data has spread the questionnaire to users in Bandung who have an account but less active in using Link Aja. Factoring Analysis as statistical tools were used to analyze the data and test the hypotheses. Results: There are six factors which determine the decreasing of Link Aja users activity in transaction, consist of (1) Security and limited discount, (2) Explicit fees, (3) Machine and update system unpredictable, (4) Networks, (5) Confuse term and condition, and (6) Disadvantage of time and popularity.  Research Implication: This research presents update factors in terms of activity in using e-money from the opposite perspective (less active side), in completing factors of e-money motivation. The main limitation is the narrow scope, emphasizing only users located in Bandung city. This paper may involve more users further to present strong factors about e-money activity. Practical Implication: This research presents determinant factors about less active in using e-money among users that may help Telecommunication Company by recovering these elements. This paper gives valuable references to e-money providers to consider factors founded in offering better service for users and improve the amount of super active Ling Aja users in daily transactions. Originality/value: This study provides the determination of dominant factors that cased the less active activity and transaction among users of Link Aja and contributes to a better understanding of how to provide better service of e-money based on these factors for improvement further.

scholarly journals Role of Commerce Education on Growing India’s Economy

2021 ◽  
Vol 9 (2) ◽  
pp. 127-131
Author(s):  
Heena Tabasum ◽  
S Venkatesh
Keyword(s):  
Economic Growth ◽  
Social Economic ◽  
Distribution Channel ◽  
Global Market ◽  
Education Students ◽  
Business Decisions ◽  
Business World ◽  
Growing Economy ◽  
The Business Cycle

Commerce education plays a very important role in economic growth. It is one of the keys which lead to success in all sectors of the economy. Commerce education has gained such importance because activities relating to commerce are also affected when the business cycle is going well. Through commerce education, students are exposed to the environment of the business world. It enables the importance of smearing economic ideologies while making business decisions. It makes them aware of social, economic, and political problems. Commerce outfits to the distribution trait of any business. Production must be consumed; there exists a suitable distribution channel to aid this consumption. And that is what commerce does by creating a market for surplus products. It has widened up the global market and has been similarly useful in hastening the practice of exchange in local markets around the globe. It is already established that good commerce plays a tremendous role in the economic development of the country. An attempt is made to analyze the role of commerce education in the growing economy of India.

Sign in / Sign up

Export Citation Format

Share Document