Title | ||
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A New Multi-Attribute Decision-Making Framework For Policy-Makers By Using Interval-Valued Triangular Fuzzy Numbers |
Abstract | ||
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Policy-makers are often hesitant to invest in unproven solutions because of a lack of the decision-making framework for managing innovations as a portfolio of investments that balances risk and return, especially in the field of developing new technologies. This study provides a new portfolio matrix for decision making of policy-makers to identify IoT applications in the agriculture sector for future investment based on two dimensions of sustainable development as a return and IoT challenge as a risk using a novel MADM approach. To this end, the identified applications of IoT in the agriculture sector fall into eight areas using the meta-synthesis method. The authors extracted a set of criteria from the literature. Later, the fuzzy Delphi method helped finalise it. The authors extended the SWARA method with interval-valued triangular fuzzy numbers (IVTFN SWARA) and used it to the weighting of the characteristics. Then, the alternatives were rated using the Additive Ratio Assessment (ARAS) method based on interval-valued triangular fuzzy numbers (IVTFN ARAS). Finally, decision-makers evaluated the results of ratings based on two dimensions of sustainability and IoT challenge by developing a framework for decision-making. Results of this paper show that policy-makers can manage IOT innovations in a disciplined way that balances risk and return by a portfolio approach, simultaneously the proposed framework can be used to determine and prioritise the areas of IoT application in the agriculture sector. |
Year | DOI | Venue |
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2021 | 10.15388/21-INFOR448 | INFORMATICA |
Keywords | DocType | Volume |
Internet of Things, sustainable development, IoT challenges, MCDM, IVTFN SWARA, IVTFN ARAS | Journal | 32 |
Issue | ISSN | Citations |
3 | 0868-4952 | 0 |
PageRank | References | Authors |
0.34 | 0 | 5 |
Name | Order | Citations | PageRank |
---|---|---|---|
Ayoub Mohammadian | 1 | 0 | 0.34 |
Jalil Heidary Dahooie | 2 | 22 | 3.42 |
Ali Reza Qorbani | 3 | 0 | 0.34 |
Edmundas Kazimieras Zavadskas | 4 | 500 | 49.88 |
Zenonas Turskis | 5 | 181 | 15.67 |