TOPSIS Model for evaluating the corporate environmental performance under intuitionistic fuzzy environment

Abstract

With global resource waste and environmental pollution becoming increasingly serious, corporate environmental performance (CEP) has received much attention from researchers over the past decade. As an important part of economic development, enterprises also pay increasingly attention to environmental protection and pollution control. CEP is regarded as the result of corporate environmental management. Assessing CEP can not only make enterprises focus on the environmental protection and management, but also promote sustainable social development. And it is frequently viewed as a multi-attribute group decision-making (MAGDM) issue. Thus, a novel MAGDM method is needed to tackle it. Depending on the conventional TOPSIS (Technique for Order Preferenceby Similarity to Ideal Solution) method and intuitionistic fuzzy sets (IFSs), this essay design a novel intuitive distance based IF-TOPSIS method to assess CEP. First of all, a related literature review is conducted. What’s more, some necessary theories related to IFSs are briefly reviewed. In addition, since subjective randomness frequently exists in determining criteria weights, the weights of criteria is decided objectively by utilizing CRITIC method. Afterwards, relying on novel distance measures between IFNs, the conventional TOPSIS method is extended to the intuitionistic fuzzy environment to calculate assessment score of each enterprise. Eventually, an application about CEP evaluation and some comparative analysis have been given to demonstrate the superiority of the designed method. The results illustrate that the designed framework is useful for assessing CEP.