Mühendislik Fakültesi / Faculty of Engineering
Permanent URI for this collectionhttps://hdl.handle.net/11727/1401
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Item Development of A Financial Performance Benchmarking Model for Corporate Firms(2015) Ic, Yusuf Tansel; Tekin, Muhtesem; Pamukoglu, Fazil Ziya; Yildirim, S. Erdinc; 0000-0001-9274-7467; AGE-3003-2022; AGQ-5008-2022; AAI-1081-2020In this study, we developed a financial performance evaluation model to rank the corporate firms of 24 sectors in the Turkish economy. The developed model is based on the financial ratiosand Technique for Order Preference by Similiarity to Ideal Solution (TOPSIS) approach. This model of ferscorporate firm's rating scores with respect to its competitors belonging to the same industry. The developed model is coded in Visual Basic and tested with real case studies. Financial performance evaluation rankings obtained from TOPSIS, Vise Kriterijumska Optimizacija I Kompromisno Resenje (VIKOR), Grey Relational Grade (GRA), and Multi-Objective Optimization on thebasis of Ratio Analysis (MOORA) methods were compared by using Spearman's rank correlation test. Based on the test results, it was found that the TOPSIS method is the most appropriate method for the evaluation of financial performance. An application is also provided in the paper for illustrative purposes.Item A TOPSIS Based Design of Experiment Approach to Assess Company Ranking(2014) Ic, Yusuf Tansel; https://orcid.org/0000-0001-9274-7467; AGE-3003-2022Company ranking is a complex process in which multiple financial ratios are required to be considered simultaneously. Furthermore, the selection process of an appropriate credit applicant company has become more complex as the experts in the financial organizations have to assess a wide range of alternatives based on a set of conflicting financial criteria. This paper studies the application of a new approach, i.e., Design of Experiment and TOPSIS method (DoE-TOPSIS) together to make company raking as frequently encountered in the real-time financial environment. The developed model is tested by case studies and satisfactory results are obtained. In the case studies, the results obtained by using the combined DoE-TOPSIS method are almost corroborated by those derived from conventional multi attribute decision making (MADM) methods which prove the applicability, potentiality, simplicity and flexibility of this method in making company ranking. (C) 2013 Elsevier Inc. All rights reserved.Item Multi-response Simulation Optimization Approach for The Performance Optimization of An Alarm Monitoring Center(2014) Simsek, Baris; Ic, Yusuf Tansel; https://orcid.org/0000-0001-9274-7467; AGE-3003-2022This study offers a multi-response simulation-optimization approach to optimize an Alarm Monitoring Center's performance. In this paper, the multi-response simulation-optimization application is firstly addressed in the Alarm Monitoring Center. Five performance criteria affect the performance of Alarm Monitoring Center and five factors, each of which has three control levels, are identified. The data belonging to the performance criteria, which are determined, are obtained with the help of the running scenarios combining with the factor levels using Taguchi design. Then, signals to the noise (S/N) ratios are calculated for these which are obtained from the performance data. A decision matrix is generated with S/N ratios; the TOPSIS method is used to transfer the multi-response problems into the single-response problems. The system improvement rate is also determined by finding the levels of factors to optimize the system using Taguchi's single response optimization methodology.(C) 2014 Elsevier Ltd. All rights reserved.Item Development of A New Multi-Criteria Optimization Method for Engineering Design Problems(2016) Ic, Yusuf Tansel; 0000-0001-9274-7467; AGE-3003-2022In this study, we developed a new multiple criteria optimization method in the context of engineering design. The design of experiment (DoE) and Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) methods are combined to identify an objective function of the selected problem by fitting a polynomial to the experimental data in a multiple linear regression analysis. Then, the regression function is incorporated into a mathematical model with the criteria constraints to determine an optimal criteria set. The proposed method can be used to compare the functionality and results provided by different scenario analyses of a building design optimization problem, which represent design solutions. We applied the DoE-TOPSIS model to solve different multi-criteria design optimization problems using two examples from the literature and obtained satisfactory results. In the examples, the results obtained using the combined DoE-TOPSIS model are almost in agreement with those derived from conventional multi-criteria design optimization methods, which demonstrates the simplicity, usability, and flexibility of the proposed method in solving engineering design problems.Item Understanding the Effect of Assignment of Importance Scores of Evaluation Criteria Randomly in the Application of DOE-TOPSIS in Decision Making(2019) Ic, Yusuf Tansel; Yurdakul, Mustafa; 0000-0001-9274-7467; AGE-3003-2022In conventional applications of hybrid DoE-TOPSIS technique in decision making problems, full factorial design layouts are generally used because of their ability to measure the effects of all possible combinations for evaluation factors. In a typical application, for a design layout, a number of replications are generated by assigning different sets of relative importance scores for evaluation factors. A TOPSIS score is then obtained for each experiment and replication pair. Regression analysis is finally applied to obtain a relationship with inputs (values of evaluation factors) and outputs (alternatives' TOPSIS meta-model scores). The key in conventional application of hybrid DoE-TOPSIS technique is generation of relative importance scores. Each set of scores can be assigned by a decision maker or generated randomly. This paper aims to determine whether using either of the two methods in determination of relative importance scores makes any difference in the ranking orders of alternatives.Item Operating window perspective integrated TOPSIS approach for hybrid electrical automobile selection(2019) Ic, Yusuf Tansel; Simsek, Esra; AAI-1081-2020To reduce vehicle-related environmental pollution, environmental regulations should be taken into account in different levels of sustainable product development process. As a result of the increasingly emitted CO2 and serious energy shortage electrical or hybrid automobiles are one of the possible alternatives for customers. In this study, an operating window perspective based Taguchi-TOPSIS model is developed for the hybrid electrical automobile selection problem. Operating window is a range of attributes' values that the operating parameters meet the specified functional parameters yielding the best results in economic and technological terms. The operating window's upper and lower boundaries are defined as limits. More than two limit modes usually cannot be characterized by a one-dimensional operating window. After obtaining attribute values for the hybrid electrical automobile alternatives, the TOPSIS method is used for the ranking of the alternatives. The developed selection model is tested on a case study and satisfactory results are obtained.Item A Comparative Holistic Fuzzy Approach for Evaluation of the Chain Performance of Suppliers(2014) Eraslan, Ergun; Atalay, Kumru DidemThe competition between the companies in the dynamic market conditions has made the Supply Chain Management (SCM) a more important issue. The companies which have organized their supply chain effectively have obtained more flexibility in their manufacturing processes in addition to delivery of the customer demands. In this study, two different multicriteria decision making algorithms composed of the FAHP and a holistic hybrid method using FTOPSIS were utilized for an electronic company in wholly fuzzy processes. The FAHP is used for determination of the global weights of the factors and the performances of alternative suppliers are evaluated by using both FAHP-based and FAHP-FTOPSIS hybrid methods for synthetic extent values of pairwise comparisons. The sequences of the suppliers differed for the algorithms. The performances of the proposed approaches are quite successful and flexible in a narrow interval. The managerial advantages obtained from the proposed fuzzy algorithms are also analyzed and interpreted.Item Geographic Information System-Based AHP-TOPSIS Approach for School Site Selection: A Case Study for Ankara(2017) Uslu, Aysenur; Kiziloglu, Kubra; Isleyen, Selcuk Kursat; Kahya, ErkayIdentification of school zones is a multi-criteria decision-making problem, which requires a collective evaluation of many criteria, including population density, transportation facilities, level of the population covered, safety of the region. One of the important points that need to be considered during the decision-making phase is the legal restrictions. In this study, a new solution approach is suggested that uses Analytic Hierarchy Process (AHP) and Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) methods based on Geographical Information System (GIS) for identification of the most convenient location for a primary school to be opened. First, state lands that can accommodate a school in accordance with the development plan have been identified as candidate locations. Among these candidate locations, lands that comply with legal restrictions and cover students within given walking distances with other existing schools were identified as alternative locations by using ArcGIS ESRI software. Then, weights of criteria that were determined by literature reviews were calculated with AHP and alternative locations were ranked with TOPSIS method by using these weights. Suggested approach has been applied to Cankaya district of Ankara city, and results have been presented.Item A COMPARATIVE STUDY OF THE CAPABILITY OF ALTERNATIVE MIXED INTEGER PROGRAMMING FORMULATIONS(2018) Keseci, Baris; Derya, Tusan; Dinler, Esra; Ic, Yusuf Tansel; AAC-4793-2019; F-1639-2011; AAI-1081-2020In selecting the best mixed integer linear programming (MILP) formulation the important issue is to figure out how to evaluate the performance of each candidate formulation in terms of selected criteria. The main objective of this study is to propose a systematic approach to guide the selection of the best MILP formulation among the alternatives according to the needs of the decision maker. For this reason we consider the problem of "selecting the most appropriate MILP formulation for a certain type of decision maker" as a multi-criteria decision making problem and present an integrated AHP-TOPSIS decision making methodology to select the most appropriate formulation. As an example the proposed decision making methodology is implemented on the selection of the MILP formulations of the Capacitated Vehicle Routing Problem (CVRP). A numerical example is provided for illustrative purposes. As a result, the proposed decision model can be a tool for the decision makers (here they are the scientists, engineers and practitioners) who intend to choose the appropriate mathematical model(s) among the alternatives according to their needs on their studies. The integrated AHP-TOPSIS approach can simply be incorporated into a computer-based decision support system since it has simplicity in both computation and application.