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Evaluation and ranking of insurance companies by combining TOPSIS and the interval fuzzy rough sets
- Source :
- Serbian Journal of Management, Vol 16, Iss 2, Pp 279-299 (2021), Dipòsit Digital de la UB, Universidad de Barcelona
- Publication Year :
- 2021
- Publisher :
- University in Belgrade, 2021.
-
Abstract
- Corporate and organizational performance assessment is an important activity for both the managers and other stakeholders, as it provides them with an asset to evaluate their own strengths and weaknesses in relation to the competition, as well as guidelines for selecting appropriate measures to address the existing problems. The issue of criteria selection has been overcome through the literature review and the issue of criteria weights is handled by applying group decision making procedure. The procedure itself consists of using predefined linguistic expressions that are modelled by triangular fuzzy numbers and the aggregation of decision makers’ opinion based on the rules of rough sets algebra. The values of the decision matrix are determined by prognosis method and they are described by crisp values. The proposed algorithm is tested on the insurance companies that operate in the Republic of Serbia
- Subjects :
- Insurance companies
Competition
Competència econòmica
Presa de decisions (Estadística)
Fuzzy systems
topsis
Statistical decision
HD28-70
General Business, Management and Accounting
Companyies d'assegurances
Sistemes borrosos
group decision making
Management. Industrial management
Sèrbia i Montenegro
interval –valued fuzzy-rough numbers
Serbia and Montenegro
insurance
Subjects
Details
- Language :
- English
- ISSN :
- 22177159 and 14524864
- Volume :
- 16
- Issue :
- 2
- Database :
- OpenAIRE
- Journal :
- Serbian Journal of Management
- Accession number :
- edsair.doi.dedup.....04700e2b22af6850643520daf61fe60a