Ranking of Financial Strategies Based on Linear Goal Programming and VIKOR

Majid Moradi, Hossein Janatifar

Abstract


Strategy selection is usually a difficult task. Managers encounter this difficulty because they lack perfect foresight. They must choose a strategy today, whose success depends on future conditions, without knowing exactly what the future looks like.  This aim of this study is applying the linear goal programming and VIKOR methods to prioritize financial strategies. LGP method is used in determining the weights of the criteria and then ranking of financial Strategies are determined by VIKOR method. We apply the integrated method in real case to demonstrate the application of proposed method.


Full Text:

PDF

References


A'arabi, S.M., & Razmjoiy, M. (2009). Financial strategy, Isiran institute press, Iran.

Abdi, M., Faghih, A.R., Fathi, M.R. (2012). Applying Fuzzy Analytic Hierarchy Process for Ranking of Financial Strategies, New York Science Journal, 5(6), 46-51.

Corner, J and C. Kirkwood. (1991). Decision analysis applications in the operations research literature 1970-1989. Operations Research, 39(2), 206-219.

Farzipoor Saen, R. (2009). A Mathematical Programming Approach for Strategy Ranking, Asia Pacific Management Review 14(2), 109-120.

Farzipoor Saen, R and M. Azadi. (2009). The use of super-efficiency analysis for strategy ranking, Int. J. Society Systems Science, Vol. 1, No. 3, pp.281–292.

Karsak, E. E. (2002). Distance-based fuzzy MCDM approach for evaluating flexible manufacturing system alternatives. International Journal of Production Research 40(13), 3167–3181.

Kaufmann, A., & Gupta, M. M. (1988). Fuzzy mathematical models in engineering and management science. Amsterdam: North-Holland.

Opricovic. (1998). Multi-criteria optimization of civil engineering systems, Faculty of Civil Engineering, Belgrade.

Opricovic, S., & Tzeng, G. H. (2002). Multi criteria planning of post earthquake sustainable reconstruction, Computer-Aided Civil and Infrastructure Engineering, no.17, pp. 211–220.

Wang, Y.M., Chin,K.S. (2008). A linear goal programming priority method for fuzzy analytic hierarchy process and its applications in new product screening, International Journal of Approximate Reasoning, 49, 451–465.

Weigelt, K and I. Macmillan. (1988). An interactive strategic analysis framework, Strategic Management Journal, Vol. 9, No. S1, pp.27–40.

Wind, Y. (1987). An analytic hierarchy process based approach to the design and evaluation of a marketing driven business and corporate strategy. Mathematical Modeling, 9(3-5), 285- 291.

Zadeh, L. A. (1965). Fuzzy sets. Information and Control, 8(3), 338–353.

Zadeh, L. A. (1975). The concept of a linguistic variable and its application to approximate reasoning-I, Information Sciences, 8(3), 199–249.


Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.

Copyright ©2013 Academic Journals Center

To make sure that you can receive messages from us, please add the 'academicjournalscenter.org' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.