Multi-criteria decision-making in the evaluation of environmental quality of OECD countries

The outbreak of COVID-19 at the beginning of 2020 had a significant impact on China’s economy, society, and citizens; it also had a negative impact on the development of the construction industry. In particular, small and medium-sized construction enterprises with low ability to withstand risk have been strongly impacted, aggravating a crisis of survival among these firms. The focus of this study is to analyze the impact of COVID-19 on the growth of small and medium-sized construction companies. Based on the characteristics of small and medium-sized construction enterprises, this paper establishes a growth evaluation index and builds a growth evaluation model based on factor analysis. Twenty-three construction enterprises listed on small and medium-sized enterprises board are selected as samples, and the quarterly data of 2019 and 2020 are used for empirical analysis. The results show that the epidemic has had a high short-term impact on construction enterprises, and the total output value of the construction industry in the first quarter of 2020 was 16% lower than that in the same period of last year. In the long run, the impact of the epidemic on the growth of small and medium-sized construction enterprises has been limited. In the first quarter of 2020, the growth score of enterprises decreased by only 1.95% year-over-year, and it was essentially flat in the second and third quarters. The epidemic has had little influence on solvency, tangible resources or intangible resources but a high short term influence on profitability, capital expansion and market expectations. The long-term impact is small; It is conducive to the improvement of enterprise operation ability. Finally, to both address the influence of the COVID-19 on small and medium-sized construction enterprises and to realize their transformation and upgrading, targeted suggestions are offered at the policy and enterprise levels. The results will help to understand the impact of the epidemic on the growth of construction enterprises, and provide decision support for the healthy and orderly development of the follow-up construction industry.

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“…Considering that each indicator has different dimensions, it is necessary to perform dimensionless processing on the data [ 45 ].…”

Section: Research Methods and Evaluation Indicatorsmentioning

confidence: 99%

Study on the influence of COVID-19 on the growth of China’s small and medium-sized construction enterprises

et al. 2022

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“…According to the literature, the VIKOR method is used in decision-making analyses in many studies in different disciplines, such as the automotive sector ( Luthra et al, 2017 ), the health sector ( Zeng et al, 2013 ), the banking sector ( Toloie-Eshlaghy and Bayanati, 2012 ), the textile sector ( Hassanpour, 2019 ), education sector ( Mančev, 2013 ), evaluation of countries in various ways ( Dang and Dang, 2020 ), tourism sector ( Bagheri et al, 2018 ), and evaluation of research and development performance ( Özkan et al, 2019 ).…”

Section: Methodologiesmentioning

confidence: 99%

Comparative analysis of TOPSIS, VIKOR and COPRAS methods for the COVID-19 Regional Safety Assessment

Hezer

Gelmez

Özceylan

2021

Journal of Infection and Public Health

105

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COVID-19, which emerged in December 2019, has affected the entire world. Therefore, COVID-19 has been a subject of research in various disciplines, especially in the field of health. One of these studies was the report made by the Deep Knowledge Group (DKG) consortium in which safe regions for COVID-19 were determined. In the report, the main criteria of quarantine efficiency, government efficiency of risk management, monitoring and detection, health readiness, regional resilience, and emergency preparedness are used in the evaluation of countries and regions (alternatives). As the data and research structure used in this report are based on multi-criteria, the purpose of this study is to evaluate and analyse the safety levels of 100 regions in the world in terms of COVID-19 using Technique for Order Performance by Similarity to Ideal Solution (TOPSIS), Vise Kriterijumsa Optimizacija I Kompromisno Resenje (VIKOR) and Complex Proportional Assessment (COPRAS) methods. The data and information required in the methods were obtained from a report prepared by the DKG. The results of the methods were compared with the ranking results presented in a report of the DKG. Accordingly, it has been observed that the method that provides the closest results to the results of the report is the COPRAS method, and the method that gives the most distant results is the VIKOR method.

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“…(2018) applied dispatching algorithms based on FAHP and VIKOR operational selection while taking account of set-up delays and transmission batches in the textile industry. Dang (2019) , employed multi-criteria approaches of decision-making to assess the environmental quality of the nations of the OECD. The weight of criterion is determined by the entropy weight approach, and the VIKOR method is used to rate various OECD nations due to their environmental quality.…”

Section: Background and Related Workmentioning

confidence: 99%

Financial performance evaluation by multi-criteria decision-making techniques

Türegün

2022

Heliyon

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Multi-criteria decision-making in the evaluation of environmental quality of OECD countries

Cited by 16 publications

References 27 publications

Study on the influence of COVID-19 on the growth of China’s small and medium-sized construction enterprises

Study on the influence of COVID-19 on the growth of China’s small and medium-sized construction enterprises

Comparative analysis of TOPSIS, VIKOR and COPRAS methods for the COVID-19 Regional Safety Assessment

Financial performance evaluation by multi-criteria decision-making techniques

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