An approach for hotel type selection based on the Single-Valued Intuitionistic Fuzzy Numbers

Abstract

The main objective of this paper is to emphasize the importance of the involving the Multiple-Criteria Decision-Making (MCDM) methods in the process of the selection of the optimal type of hotel for investment. Besides, the application of the Single-Valued Intuitionistic Fuzzy Numbers (SVIFN) is proposed. The applicability of the proposed approach is demonstrated through real case study directed to the selection of the appropriate type of hotel for investment that should be constructed in the Golija Mountain. Three decision-makers estimated five alternative types of hotels relative to the five evaluation criteria. The obtained results are reliable and representative and confirm that introducing of the appropriate multiplecriteria models minimize the possibility of making wrong decisions.