Ke Zhang, Yujuan Xie, Seyed Ali Noorkhah, Mohsen Imeni and Sapan Kumar Das
In this paper, a combined TODIM-BSC method with the neutrosophical approach for evaluating the performance of a private insurance company has been proposed. In other words, first…
Abstract
Purpose
In this paper, a combined TODIM-BSC method with the neutrosophical approach for evaluating the performance of a private insurance company has been proposed. In other words, first, using the BSC technique, and identify the performance evaluation indicators, then evaluate the performance of the insurance company's agencies and rank them with the TODIM decision-making method.
Design/methodology/approach
The insurance industry has a special prestige and importance in domestic and foreign trade. The evaluation of insurance companies, in addition to informing the stakeholders, increases competition, industry dynamism, sustainable and balanced development of society. The purpose of this paper is to establish a model for evaluating the performance of private insurance companies by adopting multiple-attribute decision-making and Balanced Scorecard (BSC) with single-values neutrosophic numbers (SVNNs) which will be applied by considering a set of indicators and alternatives deliberated with different viewpoints.
Findings
A case study of the private insurance agencies in one of the provinces of Iran based on 26 criteria of agencies is used to confirm the practicality and effectiveness of the proposed model. Finally, there was a discussion about why the results are logical, which shows the strength and robustness of the proposed framework.
Originality/value
To the best of our knowledge, no study has been performed to evaluate the performance of a real-world problem with the integrated TODIM-BSC method in a neutrophilic environment. Therefore, this paper can be effective in bridging the existing research gap and expanding our knowledge of the discussion of evaluating the performance of organizations or companies. Besides, by using these results, the authors can help the planners of these companies as well as similar organizations in attracting satisfaction and retaining target customers.
Details
Keywords
Seyed Mahmood Zanjirchi and Najmeh Faregh
ISM technique is one of the tools of interest in soft operations research. The soft nature of this technique has made inevitable use of indeterminacy theories. The present…
Abstract
Purpose
ISM technique is one of the tools of interest in soft operations research. The soft nature of this technique has made inevitable use of indeterminacy theories. The present research attempts to develop ISM technique and MICMAC analysis in a neutrosophic space due to the complexity and uncertainty of the decision-making environment.
Design/methodology/approach
In this study, single-valued triangular neutrosophic numbers is used to develop Neutrosophic ISM (NISM) and Neutrosophic MICMAC (NMICMAC). First, the general algorithm of NISM and NMICMAC is provided. In the following, the complete description of NISM steps including level value determination, Factor Leveling Algorithm and NISM digraph algorithm are presented. Finally, a description of the NMICMAC steps is described.
Findings
An illustrative example – supplier selection problem – is given to verify the effectiveness of the proposed method and in the discussion section; the comparison and analysis of different aspects of the NISM with the previous methods are discussed.
Originality/value
In this study, NISM and NMICMAC are presented for the first time, so that each pairwise comparison judgment is provided as single valued triangular neutrosophic numbers. The development of the model is continued until the final stages of calculations with neutrosophic numbers, and only in the final stage the results are crispy presented. In addition, not only the factors of process are leveled, but at each level the factors are lined up and their importance is determined.