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Cited 2 time in webofscience Cited 3 time in scopus
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Decision-making technique to achieve stratified target performance: Analyze science and technology innovation policy investment of South Korea

Authors
Selvaraj, GeethaJeongHwan, Jeon
Issue Date
Aug-2022
Publisher
John Wiley & Sons Inc.
Keywords
decision making; DEMTASTAP; MCDM; science and technology; stratified target
Citation
International Journal of Intelligent Systems, v.37, no.8, pp 4670 - 4714
Pages
45
Indexed
SCIE
SCOPUS
Journal Title
International Journal of Intelligent Systems
Volume
37
Number
8
Start Page
4670
End Page
4714
URI
https://scholarworks.gnu.ac.kr/handle/sw.gnu/972
DOI
10.1002/int.22736
ISSN
0884-8173
1098-111X
Abstract
From the entire multi-criteria decision-making methodology literature review, we begin to understand all the decision-making techniques, which help decision-makers choose the best alternative within specific criteria based on past or current performance levels. But when we use these technologies in investment plans, renewable energy policy plans, strategic plans, and so forth, we should consider future performance values in the decision-making process. As far as the author knows, no decision-making method can rank alternatives with future performance target values. This study article introduced a novel decision-making technique, namely DEcision Making Technique to Achieve Stratified TArget Performance (DEMTASTAP), for ranking the alternatives with the future performance values. In recent years, the concept of stratification has become the central concept in the decision-making process. Here, the target level of each alternative under each factor regard as the stratification level. We validate the introduced DEMTASTAP method by testing the completeness of the ranking, the correlation of the order, the inversion of the scale, and the sensitivity. Demonstrate the efficiency of the DEMTASTAP method by solving the Science and Technology Innovation Policy (STIP) investment issues. Using the introduced method, we have obtained an effective investment rate to achieve the expected growth rate of all alternative (or) regions. Hence, we can quickly establish future STIP investment plans in the direction of amelioration.
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공과대학 (산업시스템공학부)
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