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Comparative analysis of fuzzy multi-criteria decision making for location selection of Textile plant in Turkey

Author

Listed:
  • Nihan Çetin Demirel

    (Yildiz Technical University)

  • Muhammet Deveci

    (Yildiz Technical University)

  • Gizem Eser

    (Yildiz Technical University)

Abstract

Due to the increasing competition in the market, taking right decisions about the location selection for businesses is very important. The wrong choice of location for businesses may cause to large losses even bankruptcy. Textile sector is the first sector for which the location selection is quite important. The location selection of a textile factory is generally one of the most important decisions. The textile sector is considered the locomotive of domestic trade in Turkey. The purpose of this study is to describe the application of two Fuzzy Multi Criteria Decision Making (FMCDM) methods named Fuzzy TOPSIS and Fuzzy VIKOR for solving location selection problem of textile factor, which is located in Istanbul European side and looked for second location in Turkey. We used twelve criteria for FMCDM, which are determined from literatures and practical investigations. The methods of fuzzy set theory, linguistic value, Fuzzy TOPSIS and Fuzzy VIKOR are used to consolidate decision-makers? assessments about criteria weightings. Besides a sensitivity analysis is carried out for the Fuzzy TOPSIS method.

Suggested Citation

  • Nihan Çetin Demirel & Muhammet Deveci & Gizem Eser, 2016. "Comparative analysis of fuzzy multi-criteria decision making for location selection of Textile plant in Turkey," Proceedings of International Academic Conferences 4006524, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:4006524
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    File URL: https://iises.net/proceedings/24th-international-academic-conference-barcelona/table-of-content/detail?cid=40&iid=017&rid=6524
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    Cited by:

    1. Deveci, Muhammet & Özcan, Ender & John, Robert & Öner, Sultan Ceren, 2018. "Interval type-2 hesitant fuzzy set method for improving the service quality of domestic airlines in Turkey," Journal of Air Transport Management, Elsevier, vol. 69(C), pages 83-98.
    2. Deveci, Muhammet & Demirel, Nihan Çetin & Ahmetoğlu, Emine, 2017. "Airline new route selection based on interval type-2 fuzzy MCDM: A case study of new route between Turkey- North American region destinations," Journal of Air Transport Management, Elsevier, vol. 59(C), pages 83-99.
    3. Gang Kou & Özlem Olgu Akdeniz & Hasan Dinçer & Serhat Yüksel, 2021. "Fintech investments in European banks: a hybrid IT2 fuzzy multidimensional decision-making approach," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 7(1), pages 1-28, December.
    4. Pınar Miç & Z. Figen Antmen, 2021. "A Decision-Making Model Based on TOPSIS, WASPAS, and MULTIMOORA Methods for University Location Selection Problem," SAGE Open, , vol. 11(3), pages 21582440211, August.

    More about this item

    Keywords

    Location selection; Multi criteria decision making; Fuzzy TOPSIS; Fuzzy VIKOR; Textile Factory.;
    All these keywords.

    JEL classification:

    • C00 - Mathematical and Quantitative Methods - - General - - - General
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management

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