IDEAS home Printed from https://ideas.repec.org/a/ids/ijores/v26y2016i2p180-195.html
   My bibliography  Save this article

Multiple criteria decision analysis methodologies and an application to the Istanbul Stock Exchange

Author

Listed:
  • Zeynep Ä°lhan
  • Hüseyin Tatlıdil

Abstract

In the business world, effective decision making is one of the most important things at all times. The decision maker should take into account all objectives simultaneously. Multiple criteria decision analysis (MCDA) methodologies can take into consideration many criteria during effective decision making process. The most widely used MCDA techniques are AHP, ELECTRE and TOPSIS. In this paper, we discuss these techniques and their advantages/disadvantages. These techniques were applied to ISE-30 from 2002-2012 in Turkey and the most effective three stocks were found. The results of applications are compared within the terms of the techniques' properties and the year-end returns.

Suggested Citation

  • Zeynep Ä°lhan & Hüseyin Tatlıdil, 2016. "Multiple criteria decision analysis methodologies and an application to the Istanbul Stock Exchange," International Journal of Operational Research, Inderscience Enterprises Ltd, vol. 26(2), pages 180-195.
  • Handle: RePEc:ids:ijores:v:26:y:2016:i:2:p:180-195
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=76300
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijores:v:26:y:2016:i:2:p:180-195. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=170 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.