Investment projects evaluation in a fuzzy environment using the Simplified WISP method

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dc.citation.epage235
dc.citation.issue2
dc.citation.spage225
dc.citation.volume18
dc.contributor.authorStanujkić, Dragiša
dc.contributor.authorFedajev, Aleksandra
dc.contributor.authorSantos, Marcos
dc.date.accessioned2024-01-26T08:28:59Z
dc.date.available2024-01-26T08:28:59Z
dc.date.issued2023
dc.description.abstractThis paper examines the importance of investment activity for companies and the challenges they face when evaluating investment projects in a fuzzy environment, that is when decisions have to be made based on some predictions and uncertain or imprecise data. The study focuses on the usage of a new extension of the Simplified WISP (Weighted Sum Product) method, which allows the use of triangular fuzzy numbers, as a tool for evaluating investment projects and minimizing the risk associated with such decisions. Investment projects were evaluated based on the following criteria: Net Present Value, Internal Rate of Return, Profitability Index, Payback Period, and Risk of project failure. The proposed extension of the Simplified WISP method can be used to solve other complex decision problems associated with predictions and uncertainties. The paper highlights the benefits of using this MCDM technique in investment project evaluation and the potential to improve decision-making processes. The study also discusses the challenges associated with applying MCDM techniques in a fuzzy environment and proposes solutions to overcome them. It also provides valuable insights for academics, practitioners, and policymakers interested in investment evaluation and decision-making processes.
dc.identifier.doi10.5937/sjm18-44522
dc.identifier.issn1452-4864
dc.identifier.issn2217-7159
dc.identifier.urihttps://repozitorijum.tfbor.bg.ac.rs/handle/123456789/5815
dc.language.isoen
dc.publisherUniversity of Belgrade, Technical Faculty in Bor
dc.rights.licenseCC-BY
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/
dc.sourceSerbian Journal of Management
dc.subjectMCDM
dc.subjectfuzzy
dc.subjecttriangular fuzzy numbers
dc.subjectSimplified WISP
dc.subjectinvestment projects
dc.titleInvestment projects evaluation in a fuzzy environment using the Simplified WISP method
dc.typearticle
dc.type.versionpublishedVersion

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