International Journal of Enterprise Modelling
Vol. 17 No. 3 (2023): September: Enterprise Modelling

Enhancing hotel investment analysis: A decision support system utilizing the Fuzzy Tsukamoto Method in the hospitality industry

Rioles, Philiphe de (Unknown)
Kristomus, Kristomus (Unknown)



Article Info

Publish Date
30 Sep 2023

Abstract

This research uses the Fuzzy Tsukamoto Method to construct a decision support system (DSS) to change hotel investment decision-making. The study integrates quantitative and qualitative elements, accommodates uncertainties, and provides stakeholders with full insights for informed decision-making to meet the complexity of hotel investments. Systematic data collecting from financial measures, market trends, customer preferences, and expert opinions is used. The DSS combines various inputs using computer intelligence to analyze investment opportunities. The DSS's capacity to include subjective inputs and enable scenario evaluations shows its complete grasp of investments. Consumer behavior, market trends, risk assessments, and sustainability correlations greatly impact investment strategies. System strengths include adaptability, extensive analysis, and educated decision-making. However, interpretability, data quality, and real-time adaption issues recommend future study improvements. In hotel investment decision assistance, this research is groundbreaking. The DSS's sophisticated, data-driven insights can allow stakeholders to take a more strategic, sustainable, and adaptive approach to the changing hospitality business. Further refinements and innovations will strengthen its effectiveness, enabling robust and informed hotel investment decisions in the changing landscape

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Journal Info

Abbrev

ieia

Publisher

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Engineering Industrial & Manufacturing Engineering Library & Information Science Mathematics Transportation

Description

The International Journal of Enterprise Modelling serves as a venue for anyone interested in business and management modelling. It investigates the conceptual forerunners and theoretical underpinnings that lead to research modelling procedures that inform research and ...