Multi-attribute analysis of ship investments under technical terms: a fuzzy extended TOPSIS approach

This paper investigates investment analysis issue on shipping business and handling of technical terms as well as financial circumstances. Ship investments are evaluated by several financial tools such as net present value, payback period etc. However, these financial methods have restrictions for analysis of technical factors such as speed of ship, under keel distance (for entrance to further ports without limitation) etc. A fuzzy-TOPSIS method is applied for hybrid investment analysis problem and results are reported.