Research on group decision making in capital investment based on fuzzy technique for order preference by similarity to ideal solution (TOPSIS)

Group decision-making in capital investment involves a collaborative process where multiple stakeholders contribute their perspectives, insights, and expertise to evaluate investment opportunities and make informed decisions. This process's practical and methodological aims can vary depending on the organization's goals, industry, and market conditions. Researching capital investment group decision-making is motivated by several factors, such as optimizing investment decisions, enhancing performance, managing risk, adapting to changing conditions, and building knowledge and expertise. The investment decision relates to the distribution of financial resources. Investors select the most appropriate investment opportunities based on risk profiles, investment aims, and expected returns. Fuzzy multicriteria group decision-making in capital investment extends the traditional decision-making process to accommodate multiple criteria that are often uncertain, vague, or subjective in nature. This paper aims to suggest a technique known as the Fuzzy Technique for Order Preference by Similarity to Ideal Solution (fuzzy TOPSIS) for group decision-making about investment in the respective vehicle. The fuzzy TOPSIS technique represents a decision for experts, which is multicriteria and includes an aggregated decision-making process. This paper shows the application of this method when choosing the best alternative, considering the choice of vehicle.