CODAS method for 2-tuple linguistic Pythagorean fuzzy multiple attribute group decision making and its application to financial management performance assessment

Financial management performance evaluation (FMPE) has a significant effect on the identifying an investment chance. We can usually consider FMPE as a multiple attribute group decision making (MAGDM) issue, and the MAGDM method is needed to address it. Uncertainty may be one of the significant factors which could influence the process of MAGDM. In order to handle the uncertainty of group decision-making issues, MAGDM approaches along with 2-tuple linguistic Pythagorean fuzzy sets (2TLPFSs) have been designed. In this essay, CODAS method is extended to 2TLPFSs to tackle MAGDM issues. Linguistic variables and 2TLPFSs are also used to extend the CODAS method. An application of the presented 2-tuple linguistic Pythagorean fuzzy CODAS (2TLPF-CODAS) method to a case study of FMPE problem with 2-tuple linguistic Pythagorean fuzzy numbers (2TLPFNs) is given. To confirm the results, a comparative analysis between the fuzzy CODAS and 2TLPF-TODIM is performed. The results of the comparison illustrate that the presented 2TLPF-CODAS method offers effective and steady results

Analysis of MCDM method and approach LNYP – CODAS method for decision making

Multi – Criteria Decision Making (MCDM) methods is a one of the subfields of operation research. Applying a MCDM problem and getting an optimization result based on ranking type, it is easy to make a perfect decision. A decision maker considers many numbers of input criteria in particular area. In this paper, study of the LNYP (average weighting) method to evaluate the weighting for input criteria and considering the weighting as equal for present criteria. Applying the LNYP- Combinative Distance-based Assessment (CODAS) method to select a truck for company. Finally, decision maker got a better decision for selecting the best truck for busines

Green supplier selection based on CODAS method in probabilistic uncertain linguistic environment

Probabilistic uncertain linguistic sets (PULTSs) have widely been used in MADM or MAGDM. The CODAS method, which is a novel MADM or MAGDM tool, aims to acquire the optimal choice which have the largest Euclidean & Hamming distances from the NIS. This paper designs the probabilistic uncertain linguistic CODAS (PUL-CODAS) method with sine entropy weight. Finally, a numerical example for green supplier selection is given and the obtained results are compared with some existing models. First published online 05 February 202

CODAS methods for multiple attribute group decision making with interval-valued bipolar uncertain linguistic information and their application to risk assessment of Chinese enterprises’ overseas mergers and acquisitions

Bipolar fuzzy set theory has been successfully applied in some areas, but there are situations in real life which can’t be represented by bipolar fuzzy sets. However, all the existing approaches are unsuitable to describe the positive and negative membership degree an element to an uncertain linguistic label to have an interval value, which can reflect the decision maker’s confidence level when they are making an evaluation. In order to overcome this limit, we propose the definition of interval-valued bipolar uncertain linguistic sets (IVBULSs) to solve this problem based on the bipolar fuzzy sets and uncertain linguistic information processing models. In this paper, we extend the traditional information aggregating operators to interval-valued bipolar uncertain linguistic sets (IVBULSs) and propose some IVBUL aggregating operators. Then, we extend the CODAS method to solve multiple attribute group decision making (MAGDM) issues with interval-valued bipolar uncertain linguistic numbers (IVBULNs) based on these operators. An example for risk assessment of Chinese enterprises’ overseas mergers and acquisitions (M&As) is given to illustrate the proposed methodology

NON-CASH FOOD ASSISTANCE PROGRAM BENEFICIARIES BASED ON COPRAS AND CODAS

Determination of recipients of the Non-Cash Food Assistance Program (BPNT) is a matter that causes problems if it is not carried out in an objective, transparent, and targeted manner. Previous studies on BPNT were based on a specific method, which did not use a negative trend in the criteria. In this study, the Multi-Criteria Decision Making (MCDM) approach was used to recommend the recipients of the BPNT program. Two MCDM models were used in this study, COPRAS and CODAS methods. Spearman's rank correlation method was used to determine the best model and measure the degree of similarity between the results obtained from different models. Spearman rank correlation shows that COPRAS and CODAS have a strong positive correlation of 0.89899. The combined COPRAS-CODAS ranking model produces a very strong positive correlation value of 0.9744 for both methods, so the model is used for recommendations for BPNT program recipients

Fuzzy extension of the CODAS method for multi-criteria market segment evaluation

One of the important activities of a company that can increase its competitiveness is market segment evaluation and selection (mse/mss). We can usually consider mse/mss as a multi-criteria decision-making (mcdm) problem, and so we need to use an mcdm method to handle it. Uncertainty is one of the important factors that can affect the process of decision-making. Fuzzy mcdm approached have been designed to deal with the uncertainty of decision-making problems. In this study, a fuzzy extension of the codas (combinative distance-based assessment) method is proposed to solve multi-criteria group decision-making problems. We use linguistic variables and trapezoidal fuzzy numbers to extend the codas method. The proposed fuzzy codas method is applied to an example of market segment evaluation and selection problem under uncertainty. To validate the results, a comparison is performed between the fuzzy codas and two other mcdm methods (fuzzy edas and fuzzy topsis). A sensitivity analysis is also carried out to demonstrate the stability of the results of the fuzz codas. For this aim, ten sets of criteria weights are randomly generated and the example is solved using each set separately. The results of the comparison and the sensitivity analysis show that the proposed fuzzy codas method gives valid and stable results

A Novel Approach for the Selection of Power-Generation Technology Using a Linguistic Neutrosophic CODAS Method: A Case Study in Libya

Rapid increases in energy demand and international drive to reduce carbon emissions from fossil fuels have led many oil-rich countries to diversify their energy portfolio and resources. Libya is one of these countries, and it has recently become interested in utilizing its renewable-energy resources in order to reduce financial and energy dependency on oil reserves. This paper introduces an original multicriteria decision-making Pairwise-CODAS model in which the modification of the CODAS method was made using Linguistic Neutrosophic Numbers (LNN). The paper also suggests a new LNN Pairwise (LNN PW) model for determining the weight coefficients of the criteria developed by the authors. By integrating these models with linguistic neutrosophic numbers, it was shown that it is possible to a significant extent to eliminate subjective qualitative assessments and assumptions by decision makers in complex decision-making conditions. The LNN PW-CODAS model was tested and validated in a case study of the selection of optimal Power-Generation Technology (PGT) in Libya. Testing of the model showed that the proposed model based on linguistic neutrosophic numbers provides objective expert evaluation by eliminating subjective assessments when determining the numerical values of criteria. A sensitivity analysis of the LNN PW-CODAS model, carried out through 68 scenarios of changes in the weight coefficients, showed a high degree of stability of the solutions obtained in the ranking of the alternatives. The results were validated by comparison with LNN extensions of four multicriteria decision-making models

Dry Port Terminal Location Selection by Applying the Hybrid Grey MCDM Model

Globalization and decentralization of production generate the intensive growth of goods and transport flows, mostly performed by the maritime transport. Ports, as the main nodes in the global logistics networks, are becoming congested, space for their expansion limited, and traffic in their hinterland congested. As a solution to these and many other hinterland-transport-related problems stands out the development of dry port (DP) terminals. Selection of their location is one of the most important strategic decisions on which depends their competitiveness in the market and the functionality of the logistics network. Accordingly, the evaluation and selection of locations for the development of the DP in accordance with the requirements of various stakeholders is performed in this paper, as a prerequisite for the establishment of an ecological, economic, and socially sustainable logistics network in the observed area. To solve this problem, a new hybrid model of multi-criteria decision-making (MCDM) that combines Delphi, AHP (Analytical Hierarchy Process), and CODAS (Combinative Distance-based Assessment) methods in a grey environment is developed. The main contributions of this paper are the defined model, the problem-solving approach based on finding a compromise solution, simultaneous consideration of the environmental, economic, and social sustainability of the DP concept and its implementation in the regional international markets. The applicability of the approach and the defined MCDM model is demonstrated by solving a real-life case study of ranking the potential DP locations in the Western Balkans region. Based on the obtained results, it is concluded that in the current market conditions, it would be most realistic to open three DP terminals, in Zagreb, Ljubljana, and Belgrad

Sistem Seleksi Penerima Bantuan Program Keluarga Harapan Menggunakan Metode Combinative Distance-Based Assessment (CODAS) di Kecamatan Pontianak Timur

Program Keluarga Harapan merupakan salah satu upaya pemerintah dalam menanggulangi masalah kemiskinan di Indonesia. Program ini memberikan bantuan tunai dan non-tunai kepada Rumah Tangga Sangat Miskin (RTSM), yang memenuhi kriteria dan persyaratan bagi penerima bantuan PKH. Agar penyaluran bantuan sosial ini dapat berjalan lancar dan tepat sasaran, dalam penelitian ini dirancang dan dibangun sebuah sistem yang bisa membantu pengambil keputusan dalam mengolah data yang memiliki banyak kriteria, atau yang sering disebut dengan istilah Multi-Criteria Decision Making (MCDM). Metode Combinative Distance-Based Assessment (CODAS) adalah salah satu metode MCDM yang menggunakan pengukuran jarak Euclidean dan Taxicab alternatif dari solusi ideal-negatif. Dalam penelitian ini metode CODAS berhasil diterapkan dalam sistem untuk memberikan rekomendasi calon penerima bantuan PKH, dengan hasilnya adalah 20 dari 200 peserta dinyatakan masuk desil 1 di mana 17 di antaranya dinyatakan lolos seleksi penerima bantuan PKH oleh sistem. Kata Kunci : Program Keluarga Harapan, Multi Criteria Decision Making, Combinative Distance-Based Assessmen