A Novel Neutrosophic Data Analytic Hierarchy Process for Multi-Criteria Decision Making Method: A Case Study in Kuala Lumpur Stock Exchange
Author | : Desmond Jun Yi Tey |
Publisher | : Infinite Study |
Total Pages | : 12 |
Release | : |
ISBN-10 | : |
ISBN-13 | : |
Rating | : 4/5 ( Downloads) |
Download or read book A Novel Neutrosophic Data Analytic Hierarchy Process for Multi-Criteria Decision Making Method: A Case Study in Kuala Lumpur Stock Exchange written by Desmond Jun Yi Tey and published by Infinite Study. This book was released on with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper proposes a multi-criteria decision making method called the neutrosophic data analytical hierarchy process (NDAHP) for the single-valued neutrosophic set (SVNS). This method is an extension of the neutrosophic analytic hierarchy process (NAHP) but was designed to handle actual datasets which consists of crisp values. Our proposed NDAHP method uses an objective weighting mechanism whereas all other existing versions of the AHP, fuzzy AHP and other fuzzy based AHP method in literature such as the NAHP and picture fuzzy AHP uses a subjective weighting mechanism to arrive at the decision. This makes our proposed NDAHP method a very objective one as the weightage of the criteria which forms the input of the evaluation matrix are determined in an objective manner using actual data collected for the problem, and hence will not change according to the opinions of the different decision makers which are subjective. The proposed NDAHP method is applied to a multi-criteria decision making problem related to the ranking of the financial performance of five public listed petrochemical companies trading in the main board of the Kuala Lumpur Stock Exchange (KLSE). Actual dataset of 15 financial indices for the five petrochemical companies for 2017 obtained from Yahoo! Finance were used in this study. Following this, a brief comparative study is conducted to evaluate the performance of our NDAHP algorithm against the results of other existing SVNS based decision making methods in literature. The results are compared against actual results obtained from KLSE. To further verify the rankings obtained through each method, the Spearman and Pearson ranking tests are carried out on each of the decision making methods that are studied. It is proved that our proposed NDAHP method produces the most accurate results, and this was further verified from the results of the Spearman and Pearson ranking tests.