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Grey Weighted Sum Model for Evaluating Business Environment in West Africa
Joint Authors
Esangbedo, Moses Olabhele
Che, Ada
Source
Mathematical Problems in Engineering
Issue
Vol. 2016, Issue 2016 (31 Dec. 2016), pp.1-14, 14 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2016-06-20
Country of Publication
Egypt
No. of Pages
14
Main Subjects
Abstract EN
As West Africa investments grow, the decision in which country to begin investment is of great importance to investors.
The complexity of the criteria involved draws us to use a Multicriteria Decision-Making (MCDM) approach to address this problem.
In this paper, we use grey numbers in representing ranges of data and propose Grey Weighted Sum Model (GWSM) for evaluating and ranking of alternatives.
Sensitivity analysis is carried out considering wide ranges of uncertainties to verify the changes that can affect the results.
The Gambia is ranked the best country in West Africa.
The GWSM is highly recommended for long-term investors because GWSM considers the uncertainty of a business environment over a period of years.
Finally, GWSM can be used in conjunction with various weighting techniques putting the preferences of the investors into consideration.
American Psychological Association (APA)
Esangbedo, Moses Olabhele& Che, Ada. 2016. Grey Weighted Sum Model for Evaluating Business Environment in West Africa. Mathematical Problems in Engineering،Vol. 2016, no. 2016, pp.1-14.
https://search.emarefa.net/detail/BIM-1112093
Modern Language Association (MLA)
Esangbedo, Moses Olabhele& Che, Ada. Grey Weighted Sum Model for Evaluating Business Environment in West Africa. Mathematical Problems in Engineering No. 2016 (2016), pp.1-14.
https://search.emarefa.net/detail/BIM-1112093
American Medical Association (AMA)
Esangbedo, Moses Olabhele& Che, Ada. Grey Weighted Sum Model for Evaluating Business Environment in West Africa. Mathematical Problems in Engineering. 2016. Vol. 2016, no. 2016, pp.1-14.
https://search.emarefa.net/detail/BIM-1112093
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1112093