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 language | English |
|---|---|
| Pages (from-to) | 500-519 |
| Number of pages | 20 |
| Journal | Transformations in Business and Economics |
| Volume | 15 |
| Issue number | 3C |
| Early online date | 30 Dec 2016 |
| Publication status | Published - 2016 |
| Externally published | Yes |
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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
Cite this
Strategy portfolio optimisation : A copras g-modm hybrid approach. / Beheshti, Moein; Amoozad Mahdiraji, Hannan ; Zavadskas, Edmundas Kazimieras.
In: Transformations in Business and Economics, Vol. 15, No. 3C, 2016, p. 500-519.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Strategy portfolio optimisation
T2 - A copras g-modm hybrid approach
AU - Beheshti, Moein
AU - Amoozad Mahdiraji, Hannan
AU - Zavadskas, Edmundas Kazimieras
PY - 2016
Y1 - 2016
N2 - 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.
AB - 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.
KW - COPRAS
KW - COPRAS-G
KW - MIP
KW - Strategy planning
UR - http://www.scopus.com/inward/record.url?scp=85020053451&partnerID=8YFLogxK
UR - http://www.transformations.knf.vu.lt/39c/article/stra
M3 - Article
VL - 15
SP - 500
EP - 519
JO - Transformations in Business and Economics
JF - Transformations in Business and Economics
SN - 1648-4460
IS - 3C
ER -