Strategy portfolio optimisation: A copras g-modm hybrid approach

Moein Beheshti, Hannan Amoozad Mahdiraji, Edmundas Kazimieras Zavadskas

Research output: Contribution to journalArticle

11 Citations (Scopus)

Abstract

Designing organisational strategies in various businesses is a commonly employed practice; nevertheless, nowadays the strategy portfolio optimisation is one of the major controversial issues. This research proposes an inclusive model to evaluate and select organisational strategies based on the boundaries of its resources. In order to achieve such a model\ first of all, a grey COPRAS model is applied to evaluate organisational strategies under uncertain circumstances. Subsequently, on the basis of the aforementioned method, a mixed integer multi-objective linear programming model is depicted to optimise the strategy selection process according to COPRAS-G strategy significance results and with regard to time, cost and other structural constraints as well as organisational policies. Ultimately, a mixed COPRAS G-MODM is transformed to a binary goal programming model and the suggested approach is employed in Iran Mercantile Exchange for strategy portfolio optimisation.

Original languageEnglish
Pages (from-to)500-519
Number of pages20
JournalTransformations in Business and Economics
Volume15
Issue number3C
Early online date30 Dec 2016
Publication statusPublished - 2016
Externally publishedYes

Keywords

  • COPRAS
  • COPRAS-G
  • MIP
  • Strategy planning

ASJC Scopus subject areas

  • Business and International Management
  • Social Sciences (miscellaneous)
  • Economics and Econometrics
  • Political Science and International Relations
  • Marketing

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  • Cite this

    Beheshti, M., Amoozad Mahdiraji, H., & Zavadskas, E. K. (2016). Strategy portfolio optimisation: A copras g-modm hybrid approach. Transformations in Business and Economics, 15(3C), 500-519.