American Journal of Business and Operations Research

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https://doi.org/10.54216/AJBOR

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2692-2967ISSN (Online) 2770-0216ISSN (Print)

Volume 8 , Issue 1 , PP: 16-23, 2022 | Cite this article as | XML | Html | PDF | Full Length Article

Multi-criteria Decision Making based on EDAS Approach for Business Risk Assessment in Electricity Retail Companies

Mahmoud Ibrahim 1 * , Shereen Zaki 2 , Mahmoud M. Ismail 3

  • 1 Faculty Of Computers And Informatics, Zagazig University, Zagazig, 44519, Egypt - (mmsba@zu.edu.eg)
  • 2 Faculty Of Computers And Informatics, Zagazig University, Zagazig, 44519, Egypt - (SZSoliman@fci.zu.edu.eg)
  • 3 Head Of Decision Support Department, Faculty Of Computers And Informatics, Zagazig University, Zagazig, 44519, Egypt - (mmsabe@zu.edu.eg)
  • Doi: https://doi.org/10.54216/AJBOR.080102

    Received: April 23, 2022 Accepted: December 08, 2022
    Abstract

    This paper introduce a multi- criteria decision making (MCDM) perfect to assess business risk in electricity retail company to decrease risk loss and mange risks of business. The evaluation of business risk in electricity company included many conflicting criteria such as risk of political, risk of economic, and risk of market. So, this paper presented an Evaluation based on distance from average solution (EDAS) MCDM method to compute the weights of these criteria and rank the alternatives. Distances between each option and the mean answer on each criteria form the basis of EDAS. It expedites the decision-making process by streamlining the computation of distances to the deal solution. But in this evaluation, there are many imperfect and unclear data. So, the neutrosophic sets is presented to overcome this vague information. The interval valued neutrosophic sets (IVNSs) is a type of neutrosophic sets is presented in this work. 

    Keywords :

    Business Risk , Electricity Retail , EDAS , MCDM ,

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    Cite This Article As :
    Ibrahim, Mahmoud. , Zaki, Shereen. , M., Mahmoud. Multi-criteria Decision Making based on EDAS Approach for Business Risk Assessment in Electricity Retail Companies. Journal of American Journal of Business and Operations Research, vol. 8, no. 1, 2022, pp. 16-23. DOI: https://doi.org/10.54216/AJBOR.080102
    Ibrahim, M. Zaki, S. M., M. (2022). Multi-criteria Decision Making based on EDAS Approach for Business Risk Assessment in Electricity Retail Companies. Journal of American Journal of Business and Operations Research, 8( 1), 16-23. DOI: https://doi.org/10.54216/AJBOR.080102
    Ibrahim, Mahmoud. Zaki, Shereen. M., Mahmoud. Multi-criteria Decision Making based on EDAS Approach for Business Risk Assessment in Electricity Retail Companies. Journal of American Journal of Business and Operations Research 8, no. 1 (2022): 16-23. DOI: https://doi.org/10.54216/AJBOR.080102
    Ibrahim, M. , Zaki, S. , M., M. (2022) . Multi-criteria Decision Making based on EDAS Approach for Business Risk Assessment in Electricity Retail Companies. Journal of American Journal of Business and Operations Research , 8( 1) , 16-23 . DOI: https://doi.org/10.54216/AJBOR.080102
    Ibrahim M. , Zaki S. , M. M. [2022]. Multi-criteria Decision Making based on EDAS Approach for Business Risk Assessment in Electricity Retail Companies. Journal of American Journal of Business and Operations Research. 8( 1): 16-23. DOI: https://doi.org/10.54216/AJBOR.080102
    Ibrahim, M. Zaki, S. M., M. "Multi-criteria Decision Making based on EDAS Approach for Business Risk Assessment in Electricity Retail Companies," Journal of American Journal of Business and Operations Research, vol. 8, no. 1, pp. 16-23, 2022. DOI: https://doi.org/10.54216/AJBOR.080102