A novel depreciation approach in an uncertain environment: interval type-2 fuzzy sets in the maritime industry.

This study aims to propose a novel model for the determination of depreciation in an environment of uncertainty. In the study, amortization methods were modified through interval type-2 fuzzy, and a new approach was proposed to help investors make decisions in an environment of cash flow uncertainty. We provide options among different depreciation alternatives for the future investment decisions of maritime companies through the revision of the straight-line depreciation method and the double-declining balance depreciation method. The fuzzy depreciation alternatives we suggest in our study are not only suitable for maritime companies, but also companies in different industries.

Analysis of Factors Affecting the Sustainable Success of Airlines During the COVID-19 Pandemic.

The COVID-19 pandemic increased the risk of financial distress, bankruptcy, or both, in the airline industry. Whether airlines can survive or not during and/or after the pandemic is closely related to their decisions and actions which will enable their success by increasing their resilience. In crisis periods such as COVID-19, the decisions taken by airlines are strategically important for achieving sustainable success. Thus, it is critical to understand which factors are more important for airlines to shape their actions and make correct decisions. This paper investigates the sustainable success factors on which airlines should focus to provide resilience during the COVID-19 pandemic crisis. It provides a robust model using the interval type-2 fuzzy analytic hierarchy process (IT2FAHP) and interval type-2 fuzzy Decision Making Trial and Evaluation Laboratory (IT2FDEMATEL) to identify and rank success factors. The findings indicate that financial and operational factors are extremely important to ensure resilience for airlines. In addition, the results of the study reveal that operational factors and information sharing factors have an impact on financial factors and customer satisfaction.

Aircraft selection by applying AHP and TOPSIS in interval type-2 fuzzy sets.

The selection of the appropriate aircraft can bring competitive advantages to airlines, however, there are a number of factors which introduce a degree of uncertainty to the selection process. By removing this uncertainty, airlines can increase their chances of achieving their long-term goals. New Multi-Criteria Decision Making (MCDM) methods provide decision-makers with a satisfactory solution for choosing suitable aircraft. Therefore, we focused on the multi-dimensional evaluation and selection of the most suitable commercial aircraft alternatives by using new MCDM method. This article provides decision support to airline planners on the selection of commercial aircraft under uncertainty. In the study, unlike other studies in the literature on aircraft selection, the model presented here uses an Interval Type-2 Fuzzy Analytical Hierarch Process (IT2FAHP) and Interval Type-2 Fuzzy Technique for Order Preference by Similarity to an Ideal Solution (IT2FTOPSIS) hybrid methods. The proposed model for aircraft selection allows commercial airlines to evaluate the aircraft in terms of specific criteria: economic performance, technical performance, and environmental impact, and, as a result, it helps decision makers select appropriate aircraft in an uncertain environment. In addition to use by commercial airlines, the methods in the study can also be applied to the selection of training aircraft, cargo aircraft and military aircraft. Our findings show that the Airbus A321neo is the most suitable commercial aircraft in terms of technical aspects, economic aspects and environmental aspects for airlines.