Application of the Fuzzy Optimal Model in the Selection of the Startup Hub

Author:

Zhu Xinman1ORCID,Dai Jie2ORCID,Wei Haoran2ORCID,Yang Debing3ORCID,Huang Weilun4ORCID,Yu Zhang5ORCID

Affiliation:

1. School of Management, Wenzhou Business College, Wenzhou, China

2. Institute for Advanced Studies, University of Malaya, Kuala Lumpur, Malaysia

3. School of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing, China

4. School of Finance and Trade, Wenzhou Business College, Wenzhou, China

5. Department of Media and Communications, London School of Economics and Political Science, Holborn, UK

Abstract

This paper integrates nominal group technique (NGT), analytical hierarchy process (AHP), and fuzzy technique for order preference by similarity to an ideal solution (TOPSIS) approach, and a case study has been used to demonstrate the fuzzy optimal selection model. From a literature review on the startup hub and the interviews conducted with officials and experts, the selection criteria are (1) convenience—promoted by the city’s entrepreneurial policies or its traffic infrastructure; (2) potentiality—promoted by a regional network or value chain of startups. Lastly, the best idle land resulted in this case study with equal decision-making power using the fuzzy method is Taipei Jianguo Brewery, and the difference of decision-making power might make the best idle land to be Wanbao Textile Factory.

Funder

Zhejiang Federation of Social Sciences of China

Publisher

Hindawi Limited

Subject

Modeling and Simulation

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