Evaluating R&D Projects Using Two Phases Fuzzy AHP and Fuzzy TOPSIS Methods

Technology provides important contributions to economic growth by increasing productivity in production. One of the most important indicators of technological innovation is research and development (R&D) activities. R&D studies have become necessary for companies to have a competitive advantage and to continue their operations more profitably. The decisions taken by companies and the investments they make have become more important than ever for their institutional future. In this sense, investments and projects in the R&D have become a decisive factor in the future of companies, moving companies away from traditional financial approaches that only aim at cost or profit. Decisions to be made in this issue have a more complex structure than ever, and their effectiveness has become critical for corporations. In this study, a two-stage model is proposed for the decision of an R&D project selection decision of an energy company. In the model, the weights of the criteria are determined using the Fuzzy AHP method and the most appropriate project is determined by the Fuzzy TOPSIS method