Investment prioritizing in high tech industries based on SWARA-COPRAS approach

One of the symbols of developed countries is high tech industries. High tech industries have a large margin. One of the priorities of developing countries is the progress in this type of industries. The decisions about priority of developing an industry are so hard that seems it should be seen from...

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Published in:Technological and economic development of economy Vol. 20; no. 3
Main Authors: Sarfaraz Hashemkhani Zolfani, Mohsen Bahrami
Format: Journal Article
Language:English
Published: Vilnius Gediminas Technical University 03-07-2014
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Abstract One of the symbols of developed countries is high tech industries. High tech industries have a large margin. One of the priorities of developing countries is the progress in this type of industries. The decisions about priority of developing an industry are so hard that seems it should be seen from different perspectives. This research is focused on decision and policy making in priority of high tech industries in Iran. Two MCDM methods are applied in this research for decision making in this area. SWARA for evaluating and weighting criteria and COPRAS for evaluating and ranking alternatives are applied. Eleven experts from different fields participated in this research to make decision with SWARA and COPRAS. Four high tech industries including Biomedical Micro Electromechanical Systems (BioMEMS), Nano Technology, Biotechnology, and Biomedical Engineering were selected for this research. These industries were selected based on the potential of Iran. Final result shows that Nanotechnology is at the top of priorities in Iran. Authors believe that this methodology can be useful in other issues in this and other areas of research.
AbstractList One of the symbols of developed countries is high tech industries. High tech industries have a large margin. One of the priorities of developing countries is the progress in this type of industries. The decisions about priority of developing an industry are so hard that seems it should be seen from different perspectives. This research is focused on decision and policy making in priority of high tech industries in Iran. Two MCDM methods are applied in this research for decision making in this area. SWARA for evaluating and weighting criteria and COPRAS for evaluating and ranking alternatives are applied. Eleven experts from different fields participated in this research to make decision with SWARA and COPRAS. Four high tech industries including Biomedical Micro Electromechanical Systems (BioMEMS), Nano Technology, Biotechnology, and Biomedical Engineering were selected for this research. These industries were selected based on the potential of Iran. Final result shows that Nanotechnology is at the top of priorities in Iran. Authors believe that this methodology can be useful in other issues in this and other areas of research.
Author Sarfaraz Hashemkhani Zolfani
Mohsen Bahrami
Author_xml – sequence: 1
  fullname: Sarfaraz Hashemkhani Zolfani
  organization: Technology Foresight Group, Department of Management, Science and Technology, Amirkabir University of Technology (Tehran Polytechnic), P.O. Box 1585-4413, Tehran, Iran; Futures Studies Research Institute, Amirkabir University of Technology (Tehran Polytechnic), P.O. Box 1585-4413, Tehran, Iran
– sequence: 2
  fullname: Mohsen Bahrami
  organization: Technology Foresight Group, Department of Management, Science and Technology, Amirkabir University of Technology (Tehran Polytechnic), P.O. Box 1585-4413, Tehran, Iran; Futures Studies Research Institute, Amirkabir University of Technology (Tehran Polytechnic), P.O. Box 1585-4413, Tehran, Iran
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Snippet One of the symbols of developed countries is high tech industries. High tech industries have a large margin. One of the priorities of developing countries is...
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SubjectTerms COPRAS
high tech industry
investment
multi criteria decision making (MCDM)
SWARA
Title Investment prioritizing in high tech industries based on SWARA-COPRAS approach
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