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Article
Publication date: 26 August 2014

Anthony Afful-Dadzie, Eric Afful-Dadzie, Stephen Nabareseh and Zuzana Komínková Oplatková

The purpose of this paper is to propose a new assessment methodology for the African Peer Review Mechanism (APRM) using fuzzy comprehensive evaluation method (FCEM) and the Delphi…

Abstract

Purpose

The purpose of this paper is to propose a new assessment methodology for the African Peer Review Mechanism (APRM) using fuzzy comprehensive evaluation method (FCEM) and the Delphi technique. The proposed approach by its design simplifies the review processes and also quantifies the outcome of the assessment result for easier interpretation and benchmarking among member countries. The proposed hybrid method demonstrates how the subjective APRM thematic areas and their objectives can be efficiently tracked country by country while addressing the key identified challenges.

Design/methodology/approach

Using a numerical example, a demonstration of how the APRM assessment could be carried is shown using the FCEM and the Delphi method. The APRM's own thematic areas are used as the evaluation factors and the weights are assigned using Delphi technique. A novel remark set is constructed to linguistically describe the performance of a country against each or all of the thematic areas. Then in line with the maximum membership degree principle, the position of the maximum number would correspond to its respective remark element to indicate the level of performance.

Findings

The result shows a hybrid method of FCEM and Delphi used to determine whether a member country has “achieved”, “on track”, “very likely to be achieved”, “possible if some changes are made” or “off-track” on the four focus areas of the APRM. The method provides a well-organized way of tracking progress of member countries. It is also an ideal method of tracking progress of individual thematic areas and objectives. Moreover, the simplicity of the proposed method, the preciseness of the final result it generates and the clear interpretation of the result makes it a stronger alternative to the current approach for assessing member countries.

Practical implications

The APRM is a respected body with the backing of the heads of state in Africa. As most African countries become conscious of the pressure to meet international standards as far as governance performance is concerned, this proposed assessment methodology if adopted would go a long way in improving performance evaluation on the continent.

Originality/value

The proposed methodology is unique in its simplicity and its ability to evaluate any of the APRM thematic areas independent of the others. This means an overall performance can be tracked as well as that of individual evaluation factors.

Article
Publication date: 18 April 2016

Eric Afful-Dadzie and Anthony Afful-Dadzie

The purpose of this paper is to propose an intuitionistic fuzzy technique for order preference by similarity to ideal solution (TOPSIS) multi-criteria decision making method for…

2389

Abstract

Purpose

The purpose of this paper is to propose an intuitionistic fuzzy technique for order preference by similarity to ideal solution (TOPSIS) multi-criteria decision making method for the selection of start-up businesses in a government venture capital (GVC) scheme. Most GVC funded start-ups fail or underperform compared to those funded by private VCs due to a number of reasons including lack of transparency and unfairness in the selection process. By its design, the proposed method is able to increase transparency and reduce the influence of bias in GVC start-up selection processes. The proposed method also models uncertainty in the selection criteria using fuzzy set theory that mirrors the natural human decision-making process.

Design/methodology/approach

The proposed method first presents a set of criteria relevant to the selection of early stage but high-potential start-ups in a GVC financing scheme. These criteria are then analyzed using the TOPSIS method in an intuitionistic fuzzy environment. The intuitionistic fuzzy weighted averaging Operator is used to aggregate ratings of decision makers. A numerical example of how the proposed method could be used in GVC start-up candidate selection in a highly competitive GVC scheme is provided.

Findings

The methodology adopted increases fairness and transparency in the selection of start-up businesses for fund support in a government-run VC scheme. The criteria set proposed is ideal for selecting start-up businesses in a government controlled VC scheme. The decision-making framework demonstrates how uncertainty in the selection criteria are efficiently modelled with the TOPSIS method.

Practical implications

As GVC schemes increase around the world, and concerns about failure and underperformance of GVC funded start-ups increase, the proposed method could help bring formalism and ensure the selection of start-ups with high potential for success.

Originality/value

The framework designs relevant sets of criteria for a selection problem, demonstrates the use of extended TOPSIS method in intuitionistic fuzzy sets and apply the proposed method in an area that has not been considered before. Additionally, it demonstrates how intuitionistic fuzzy TOPSIS could be carried out in a real decision-making application setting.

Details

Management Decision, vol. 54 no. 3
Type: Research Article
ISSN: 0025-1747

Keywords

Article
Publication date: 11 January 2016

Anthony Afful-Dadzie, Eric Afful-Dadzie and Charles Turkson

The purpose of this paper is to propose a sustainability measurement and scoring system for assessing the efforts of organizations at meeting sustainability targets. Using…

Abstract

Purpose

The purpose of this paper is to propose a sustainability measurement and scoring system for assessing the efforts of organizations at meeting sustainability targets. Using technique for order preference by similarity to ideal solution (TOPSIS) as the basic framework, the proposed method incorporates all three sustainability dimensions – economic, environmental and social – to establish a threshold below which an organization is considered to have failed a sustainability test. In Addition, an introduction of a time-independent threshold enables a clearer comparison of performance of organizations over time. The proposed method includes plots for visualizing the sustainability performance of organizations under review.

Design/methodology/approach

The proposed method first assigns target values to a hypothetical organization. TOPSIS is then used to generate composite scores in which the score of the hypothetical organization is set as the threshold below which organizations are deemed to have failed a sustainability test. Using the square of the closeness coefficient of TOPSIS, the final composite score is decomposed into three components to reflect the contribution of the three dimensions of sustainability to serve as a guide to determining which dimension to focus on for improvement. A relative comparison score is then proposed to track the performance of organizations over time.

Findings

The proposed method with its ability to set a threshold is able to determine organizations that have passed a sustainability test from those that have failed. The tracking of organizational performance over time also serves to highlight progress being made by organizations to meet an agreed sustainability target. Results from the application of the proposed method for evaluating sustainability of banks under the three dimensions of sustainability highlight its practical applicability. The proposed method can also be applied to a wide range of comparison problems including make-or-by decisions and award selection.

Practical implications

As most industries and organizations become conscious of the pressure to adopt sustainable practices, the proposed measuring system would help identify those that are meeting sustainability targets as well as to track their progress over time.

Originality/value

Most sustainability measurement indicators rarely have thresholds to determine whether an organization has met or failed to meet a sustainability test other than ranking them from top to bottom. The proposed method provides a threshold as well as a procedure for tracking the sustainability performance of organizations over time.

Details

Kybernetes, vol. 45 no. 1
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 9 February 2023

Benting Wan and Juelin Huang

The purpose of this paper is to develop a multi-attribute group decision-making (MAGDM) method under the q-rung orthopair trapezoidal fuzzy environment, which calculates the…

Abstract

Purpose

The purpose of this paper is to develop a multi-attribute group decision-making (MAGDM) method under the q-rung orthopair trapezoidal fuzzy environment, which calculates the interaction between the criteria depending on the proposed q-rung orthopair trapezoidal fuzzy aggregation Choquet integral (q-ROTrFACI) and employ TODIM (an acronym in Portuguese of Interactive and Multi-criteria Decision Making) to consider the risk psychology of decision-makers, to determine the optimal ranking of alternatives.

Design/methodology/approach

In MAGDM, q-rung orthopair trapezoidal fuzzy numbers (q-ROTrFNs) are efficient to indicate the quantitative vagueness of decision-makers. The q-ROTrFACI operator is defined and some properties are proved. Then, a novel similarity measure is developed by fusing the area and coordinates of the q-rung orthopair trapezoidal fuzzy function. Based on the above, a Choquet integral-based TODIM (CI-TODIM) method to consider the risk psychology of decision-makers is proposed and two cases are provided to prove superiority of the method.

Findings

The paper investigates q-ROTrFACI operator to productively solve problems with interdependent criteria. Then, an approach is proposed to determine the center point of q--ROTrFNs and a q-rung orthopair trapezoidal fuzzy similarity is constructed. Furthermore, CI-TODIM method is devised based on the proposed q-ROTrFACI operator and similarity in q-rung orthopair trapezoidal fuzzy context. The illustration example of business models' solutions and hypertension health management are given to demonstrate the effectiveness and superiority of proposed method.

Originality/value

The paper develops a novel CI-TODIM method that effectively solves the MAGDM problems under the premise of fully considering the priority of criteria and the risk preference of decision-makers, which provides guiding advantages for practical decision-making and enriches the application of decision-making theory.

Details

International Journal of Intelligent Computing and Cybernetics, vol. 16 no. 3
Type: Research Article
ISSN: 1756-378X

Keywords

Article
Publication date: 8 October 2018

Mojtaba Moradi, Ashkan Hafezalkotob and Vahidreza Ghezavati

This study considers a project scheduling model to assess the project risks and the impacts on project sustainability when subcontractors collaborate under uncertainty. Moreover…

Abstract

Purpose

This study considers a project scheduling model to assess the project risks and the impacts on project sustainability when subcontractors collaborate under uncertainty. Moreover, some allocation methods are applied for fair allocating utility of the project and supper-additivity, stability and satisfaction level of each coalition. Finally, sustainability concept is considered in risk assessment in all coalitions.

Design/methodology/approach

The proposed mathematical programming model evaluates project risks when the subcontractors cooperate with each other by sharing their limited resources. Then, some cooperative game theory methods are applied for fair allocation of net present value, of the cooperation and finally sustainability aspects (economic, social and environmental) are investigated in risk assessment for each possible coalition.

Finding

The results of the proposed model indicate that the subcontractors can increase their profit by 10 per cent ($14,028,450 thousand) and save the equilibrium between sustainability aspects especially in grand coalition. It means that subcontractors do not have incentive to leave the coalition and the supper-additive property is feasible. Furthermore, risk assessment shows that project risks have less impact on subcontractor profits when they cooperate with each other.

Originality/value

Sustainability aspects may be investigated in project management in previous studies, but the authors study sustainability indicators when subcontractors form a coalition and share their resources in response to the risks of availability to resources and delay in completing the project under uncertainty.

Details

Kybernetes, vol. 48 no. 3
Type: Research Article
ISSN: 0368-492X

Keywords

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