A Novel Model in Optimal Decision Making to Investment in the Industry with Regard to the Role of Unique Value-Added to Optimizing the Total Expected Cost Index

Document Type: Research Paper

Authors

1 Department of Industrial Management, Islamic Azad University, Tehran, Iran

2 Logistic Engineering Manager, IKCO, Tehran, Iran

3 Vice president, IKCO, Tehran, Iran

4 IKCO- Peugeot CEO, Tehran, Iran

Abstract

The main aim of this study, introduce a model to
determine the optimal values of the index value to minimize the
total expected cost index and also the best decision making in
selecting the industry and the region for investment by investors.
For this purpose, the technique of linear programming to determine
the optimal values of the index value is used. Finally, Fuzzy
TOPSIS technique to prioritize alternatives to determine the
optimal industry and region to investment is used. Furthermore, a
case study that includes two regions and two industries is
presented to show applicability and performance of the proposed
model. The results show that fourth alternative (region2 and
industry 2) is the best decision to investment.

Keywords