A Novel Model in Optimal Decision Making to Investment in the Industry with Regard to the Role of Unique Value-Added to Optimizing the Total Expected Cost Index

Abstract

The main aim of this study, introduce a model to<br />determine the optimal values of the index value to minimize the<br />total expected cost index and also the best decision making in<br />selecting the industry and the region for investment by investors.<br />For this purpose, the technique of linear programming to determine<br />the optimal values of the index value is used. Finally, Fuzzy<br />TOPSIS technique to prioritize alternatives to determine the<br />optimal industry and region to investment is used. Furthermore, a<br />case study that includes two regions and two industries is<br />presented to show applicability and performance of the proposed<br />model. The results show that fourth alternative (region2 and<br />industry 2) is the best decision to investment.