Performance evaluation of real estate investment trusts using a hybridized interval type-2 fuzzy AHP-DEA approach: The case of Borsa Istanbul

dc.authorid0000-0001-6036-0559
dc.authorid0000-0003-1411-0369
dc.authorid0000-0002-9119-3252
dc.contributor.authorTatoğlu, Ekrem
dc.contributor.authorYılmaz, Mustafa Kemal
dc.contributor.authorKuşakcı, Ali Osman
dc.contributor.authorTatoğlu, Ekrem
dc.contributor.authorYılmaz, Mustafa Kemal
dc.contributor.authorKuşakcı, Ali Osman
dc.contributor.authorYılmaz, Mustafa Kemal
dc.contributor.authorKuşakcı, Ali Osman
dc.contributor.authorTatoğlu, Ekrem
dc.contributor.authorİçten, Orkun
dc.contributor.authorYetgin, Feyzullah
dc.contributor.otherYönetim Bilimleri Fakültesi, İşletme Bölümü
dc.contributor.otherYönetim Bilimleri Fakültesi, İşletme Bölümü
dc.date.accessioned2019-09-26T10:36:22Z
dc.date.available2019-09-26T10:36:22Z
dc.date.issued2019
dc.departmentİHÜ, Yönetim Bilimleri Fakültesi, İşletme Bölümü
dc.description.abstractThis study proposes a three-stage holistic methodology combining an interval type-2 fuzzy analytical hierarchy process (IT2F-AHP) and data envelopment analysis (DEA) to deal with the performance evaluation problems encountered in fuzzy decision environments. In the first stage, prospective inputs and outputs are determined by field studies. The second stage employs IT2F-AHP to identify the most appropriate performance indicators based on vague expert judgements. Finally, DEA is applied to the decision-making units (DMUs) based on the selected set of input and output measures. The proposed methodology proves its merit on a case study addressing the performance of real estate investment trusts (REITs) in Turkey during their ten-year journey of trading on Borsa Istanbul (BIST). The results demonstrate that the average scores for technical, pure technical and scale efficiencies are 66%, 80% and 80%, respectively. Considering the technical efficiency scores, Turkish REITs could have reduced their input factors by an average of 34%. The findings also reveal that the majority of Turkish REITs suffer from economies of scale and could have improved their performance by expansion.
dc.identifier.citationYılmaz, M., Kuşakcı, A., Tatoğlu, E, İçten, O., Yetgin, F., (2019). Performance evaluation of real estate investment trusts using a hybridized interval type-2 fuzzy AHP-DEA approach: The case of Borsa Istanbul. 18(06), pp. 1785–1820.
dc.identifier.endpage1820
dc.identifier.issn0219-6220
dc.identifier.issn1793-6845
dc.identifier.issue6
dc.identifier.scopus2-s2.0-85076230041
dc.identifier.scopusqualityQ2
dc.identifier.startpage1785
dc.identifier.urihttps://hdl.handle.net/20.500.12154/948
dc.identifier.urihttps://doi.org/10.1142/S0219622019500354
dc.identifier.volume18
dc.identifier.wosWOS:000500955600003
dc.identifier.wosqualityQ2
dc.indekslendigikaynakScopus
dc.indekslendigikaynakWeb of Science
dc.institutionauthorYılmaz, Mustafa Kemal
dc.institutionauthorKuşakcı, Ali Osman
dc.institutionauthorTatoğlu, Ekrem
dc.institutionauthorid0000-0001-6036-0559
dc.institutionauthorid0000-0003-1411-0369
dc.institutionauthorid0000-0002-9119-3252
dc.language.isoen
dc.publisherWorld Scientific Publishing
dc.relation.ihupublicationcategory115
dc.relation.ispartofInternational Journal of Information Technology and Decision Making
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/embargoedAccess
dc.subjectData Envelopment Analysis
dc.subjectInterval Type-2 Fuzzy Analytical Hierarchy Process
dc.subjectPerformance Evaluation
dc.subjectReal Estate Investment Trusts
dc.subjectTurkey
dc.titlePerformance evaluation of real estate investment trusts using a hybridized interval type-2 fuzzy AHP-DEA approach: The case of Borsa Istanbul
dc.typeArticle
dspace.entity.typePublication
relation.isAuthorOfPublication29f46236-65bf-4da8-b2be-b9826daecb5e
relation.isAuthorOfPublication9b408141-b1c4-485b-8f06-14ff4eccc6a7
relation.isAuthorOfPublication21653521-557b-4059-b2be-1fb429b3258a
relation.isAuthorOfPublication.latestForDiscovery29f46236-65bf-4da8-b2be-b9826daecb5e
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