Processing, Please wait...

  • Publisher Home
  • Home
  • 🔙 Back
  • 📚 Journals
    • ⚙️ IJIEC - Industrial Engineering Computations
    • 🌐 IJDNS - Data and Network Science
    • 🧪 CCL - Current Chemistry Letters
    • 💹 AC - Accounting
    • 🎯 DSL - Decision Science Letters
    • 🚛 USCM - Uncertain Supply Chain Management
    • 🏗️ JPM - Journal of Project Management
    • 🏥 HE - Healthcare Engineering
    • 📈 SCI - Scientometrica
    • 🔩 ESM - Engineering Solid Mechanics
    • 🌿 JFS - Journal of Future Sustainability
    • 💼 MSL - Management Science Letters
  • 📝 Submit Article
  • 📊 Statistics
  • 📋 About
    • 📄 About Us
    • 📰 Blog
    • 📢 News
    • 📧 Contact
  • 📺 Tutorial
  • Search:
  • Advanced Search

Growing Science » Decision Science Letters » Measuring sustainability performance with SWARA-MEREC-COBRA multi-criteria model: A case study of Anadolu insurance company

⭐ Highly Cited Articles

  • Jaya Algorithm
  • Rao Algorithm
  • TLBO Algorithm
  • ChatGPT and Blended Learning

Journals

  • IJIEC (840)
  • IJDS (1032)
  • DSL (759)
  • ESM (434)
  • CCL (563)
  • JPM (350)
  • AC (572)
  • JFS (106)
  • MSL (2658)
  • USCM (1104)
  • HE (54)
  • SCI (53)

DSL Volumes

    • ▼ Volume 15 (110)
      • Issue 1 (19)
      • Issue 2 (22)
      • Issue 3 (32)
      • Issue 4 (37)
    • ▼ Volume 14 (87)
      • Issue 1 (21)
      • Issue 2 (23)
      • Issue 3 (25)
      • Issue 4 (18)
    • ▼ Volume 13 (78)
      • Issue 1 (21)
      • Issue 2 (18)
      • Issue 3 (19)
      • Issue 4 (20)
    • ▼ Volume 12 (64)
      • Issue 1 (12)
      • Issue 2 (24)
      • Issue 3 (13)
      • Issue 4 (15)
    • ▼ Volume 11 (49)
      • Issue 1 (9)
      • Issue 2 (9)
      • Issue 3 (14)
      • Issue 4 (17)
    • ▼ Volume 10 (43)
      • Issue 1 (7)
      • Issue 2 (8)
      • Issue 3 (20)
      • Issue 4 (8)
    • ▼ Volume 9 (39)
      • Issue 1 (8)
      • Issue 2 (9)
      • Issue 3 (14)
      • Issue 4 (8)
    • ▼ Volume 8 (38)
      • Issue 1 (8)
      • Issue 2 (6)
      • Issue 3 (14)
      • Issue 4 (10)
    • ▼ Volume 7 (41)
      • Issue 1 (8)
      • Issue 2 (8)
      • Issue 3 (8)
      • Issue 4 (17)
    • ▼ Volume 6 (30)
      • Issue 1 (8)
      • Issue 2 (6)
      • Issue 3 (9)
      • Issue 4 (7)
    • ▼ Volume 5 (39)
      • Issue 1 (12)
      • Issue 2 (10)
      • Issue 3 (8)
      • Issue 4 (9)
    • ▼ Volume 4 (48)
      • Issue 1 (10)
      • Issue 2 (12)
      • Issue 3 (14)
      • Issue 4 (12)
    • ▼ Volume 3 (53)
      • Issue 1 (15)
      • Issue 2 (10)
      • Issue 3 (19)
      • Issue 4 (9)
    • ▼ Volume 2 (30)
      • Issue 1 (5)
      • Issue 2 (6)
      • Issue 3 (9)
      • Issue 4 (10)
    • ▼ Volume 1 (10)
      • Issue 1 (5)
      • Issue 2 (5)

🔑 Keywords

Jordan(175)
Supply chain management(172)
Vietnam(154)
Customer satisfaction(124)
Performance(117)
Supply chain(115)
Artificial intelligence(108)
Service quality(101)
Competitive advantage(100)
SMEs(95)
Sustainability(94)
Tehran Stock Exchange(94)
optimization(88)
Financial performance(86)
TOPSIS(85)
Trust(85)
Genetic Algorithm(81)
Organizational performance(81)
Job satisfaction(81)
Social media(80)


» Show all keywords

✍️ Authors

Naser Azad(82)
Zeplin Jiwa Husada Tarigan(70)
Mohammad Reza Iravani(65)
Endri Endri(45)
Hotlan Siagian(43)
Muhammad Alshurideh(42)
Dmaithan Almajali(39)
Jumadil Saputra(37)
Muhammad Turki Alshurideh(35)
Ahmad Makui(33)
Sautma Ronni Basana(33)
Barween Al Kurdi(32)
Basrowi Basrowi(31)
Mohammad Khodaei Valahzaghard(30)
Haitham M. Alzoubi(30)
Ni Nyoman Kerti Yasa(30)
Hassan Ghodrati(30)
Shankar Chakraborty(29)
Sulieman Ibraheem Shelash Al-Hawary(28)
Mahmoud Allahham(28)


» Show all authors

🌍 Countries

1. Algeria (52)
2. Angola (2)
3. Argentina (22)
4. Armenia (2)
5. Australia (52)
6. Austria (2)
7. Bahrain (26)
8. Bangladesh (58)
9. Belarus (4)
10. Belgium (3)
11. Benin (2)
12. Benin Republic (1)
13. Bhutan (1)
14. Bosnia and Herzegovina (1)
15. Botswana (9)
16. Brazil (40)
17. Brunei (1)
18. Bulgaria (1)
19. Burkina Faso (1)
20. Cameroon (1)
Total: 121 countries

Show all countries
Decision Science Letters
ISSN 1929-5812 (Online) - ISSN 1929-5804 (Print)
Quarterly Publication
Volume 13 Issue 4 pp. 829-844, 2024

Measuring sustainability performance with SWARA-MEREC-COBRA multi-criteria model: A case study of Anadolu insurance company Pages 829-844 PDF Download PDF

Authors: Mehmet Zafer Taşci

📋 Author Affiliations:
M.Z. Taşci1
1 Sivas Cumhuriyet University, Turkey
doi 10.5267/j.dsl.2024.8.008
3 Source: Scopus
Crossref 4 Source: CrossRef

🔑 Keywords: Sustainability, Insurance Company, SWARA, MEREC, COBRA

Abstract: The aim of this study is to assess and rank Anadolu Sigorta Company's sustainability performance between 2018 and 2022 using the hybrid SWARA-MEREC-COBRA model. The sustainability performance evaluation criteria's importance weights were determined using both subjective and objective methods. The SWARA algorithm was used to determine the weights subjectively based on expert opinion, while the MEREC algorithm was used to determine them objectively. The final importance weights were obtained by combining the results of both methods. When evaluating the sustainability performance of Anadolu Sigorta Company, the most important criterion was total paper consumption, while the criterion with the least impact was the number of female employees. The COBRA ranking algorithm was used to rank the alternatives, and it was determined that the company's best sustainability performance was in 2022, while the worst was in 2018. Different sensitivity analyses were used to test the consistency of the proposed model.



How to cite this paper
APA: Taşci, M. (2024). Measuring sustainability performance with SWARA-MEREC-COBRA multi-criteria model: A case study of Anadolu insurance company. Decision Science Letters, 13(4), 829-844.
Chicago/Turabian: Taşci, M. 2024. "Measuring sustainability performance with SWARA-MEREC-COBRA multi-criteria model: A case study of Anadolu insurance company." Decision Science Letters 13, no. 4 (2024): 829-844.
AMA: Taşci, M. Measuring sustainability performance with SWARA-MEREC-COBRA multi-criteria model: A case study of Anadolu insurance company. Decision Science Letters. 2024;13(4):829-844.

References
Akcan, S., & Taş, M. A. (2019). Green supplier evaluation with SWARA-TOPSIS integrated method to reduce ecological risk factors. Environmental monitoring and assessment, 191, 1-22.
Alimardani, M., Hashemkhani Zolfani, S., Aghdaie, M. H., & Tamošaitienė, J. (2013). A novel hybrid SWARA and VIKOR methodology for supplier selection in an agile environment. Technological and economic development of economy, 19(3), 533-548.
Alp. İ.. Öztel. A. & Köse. M. S. (2015). Entropi tabanlı MAUT yöntemi ile kurumsal sürdürülebilirlik performansı ölçümü: bir vaka çalışması. Ekonomik ve Sosyal Araştırmalar Dergisi, 11(2), 65-81.
Aras. G. Tezcan. N. & Furtuna. O. K. (2018). Multidimensional comprehensive corporate sustainability performance evaluation model: Evidence from an emerging market banking sector. Journal of cleaner production, 185 600-609.
Ayçin, E., & Arsu, T. (2022). Sosyal gelişme endeksine göre ülkelerin değerlendirilmesi: MEREC ve MARCOS yöntemleri ile bir uygulama. İzmir Yönetim Dergisi, 2(2), 75-88. https://doi.org/10.56203/iyd.1084310
Ayyildiz, E., Yildiz, A., Taskin Gumus, A., & Ozkan, C. (2021). An integrated methodology using extended swara and dea for the performance analysis of wastewater treatment plants: Turkey case. Environmental Management, 67(3), 449-467.
Ecer, F., & Aycin, E. (2023). Novel comprehensive MEREC weighting-based score aggregation model for measuring innovation performance: The case of G7 countries. Informatica, 34(1), 53-83
Ecer, F., & Hashemkhani Zolfani, S. (2022). Evaluating economic freedom via a multi-criteria MEREC-DNMA model-based composite system: case of OPEC countries. Technological and Economic Development of Economy, 28(4), 1158–1181. https://doi.org/10.3846/tede.2022.17152.
Ecer, F., & Pamucar, D. (2022). A novel LOPCOW‐DOBI multi‐criteria sustainability performance assessment methodology: An application in developing country banking sector. Omega, 112, 102690.
Ecer. F. (2019). Özel Sermayeli Bankaların Kurumsal Sürdürülebilirlik Performanslarının Değerlendirilmesine Yönelik Çok Kriterli Bir Yaklaşım: Entropi-ARAS Bütünleşik Modeli. Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi, 14(2). 365-390.
ELMAS, B., & ÖZKAN, T. (2021). Ulaştırma ve depolama sektörü işletmelerinin finansal performanslarının SWARA-OCRA modeli ile değerlendirilmesi. İşletme Akademisi Dergisi, 2(3), 240-253.
Gharizadeh Beiragh, R., Alizadeh, R., Shafiei Kaleibari, S., Cavallaro, F., Zolfani, S. H., Bausys, R., & Mardani, A. (2020). An integrated multi-criteria decision making model for sustainability performance assessment for insurance companies. Sustainability, 12(3), 789.
Govindan. K. Khodaverdi. R. & Jafarian. A. (2013). A fuzzy multi criteria approach for measuring sustainability performance of a supplier based on triple bottom line approach. Journal of Cleaner production, 47, 345-354.
Goyal. P.. & Rahman. Z. (2014). Corporate sustainability performance assessment: an analytical hierarchy process approach. International Journal of Intercultural Information Management, 4(1), 1-14.
Gök Kısa, A. C., & Ayçin, E. (2019). OECD Ülkelerinin Lojistik Performanslarının SWARA Tabanlı EDAS Yöntemi ile Değerlendirilmesi. Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 9(1), 301-325. https://doi.org/10.18074/ckuiibfd.500320
Gunawardhane, H. P. T. D., Wijesinghe, M. R. P., & Kavinda, D. D. C. (2022). The impact of Company-specific and Macro-economic factors on Company Performance: Evidence from Insurance Sector in Sri Lanka. Vidyodaya Journal of Management, 8(1).
GÜNEŞ, E. (2023). SWARA tabanlı WASPAS yöntemleri ile kriptopara borsalarının değerlendirilmesi. Kapanaltı Dergisi, 4, 50-64.
Hsu. L. C. Ou. S. L. & Ou. Y. C. (2015). A Comprehensive performance evaluation and ranking methodology under a sustainable development perspective. Journal of Business Economics and Management. 16(1). 74-92.
İNCE, Ö., ÇETİNER, B., & ECER, F. (2024). G20 Ülkelerinin COVID-19 Öncesi ve COVID-19 Dönemi Lojistik Performanslarının Kıyaslanması: MEREC ve CODAS Entegre Yaklaşımı. Journal of Transportation and Logistics, 8(2), 112-147. https://doi.org/10.26650/JTL.2023.1317958
Kara, K., Yalçın, G. C., Acar, A. Z., Simic, V., Konya, S., & Pamucar, D. (2024). The MEREC-AROMAN method for determining sustainable competitiveness levels: A case study for Turkey. Socio-Economic Planning Sciences, 91, 101762. https://doi.org/10.1016/j.seps.2023.101762
Karabasevic, D., Paunkovic, J., & Stanujkic, D. (2016). Ranking of companies according to the indicators of corporate social responsibility based on SWARA and ARAS methods. Serbian Journal of Management, 11(1), 43-53.
Karabašević, D., Stanujkić, D., Urošević, S., & Maksimović, M. (2016). An approach to personnel selection based on SWARA and WASPAS methods. Bizinfo (Blace), 7(1), 1-11.
Keršuliene, V., Zavadskas, E. K., & Turskis, Z. (2010). Selection of rational dispute resolution method by applying new step‐wise weight assessment ratio analysis (SWARA). Journal of business economics and management, 11(2), 243-258.
Keshavarz-Ghorabaee, M., Amiri, M., Zavadskas, E. K., Turskis, Z., & Antucheviciene, J. (2021). Determination of objective weights using a new method based on the removal effects of criteria (MEREC). Symmetry, 13(4), 525.
Keshavarz-Ghorabaee, M., Amiri, M., Zavadskas, E. K., Turskis, Z., & Antucheviciene, J. (2021). Determination of objective weights using a new method based on the removal effects of criteria (MEREC). Symmetry, 13(4), 525.
Korzeb, Z., & Samaniego-Medina, R. (2019). Sustainability performance. A comparative analysis in the polish banking sector. Sustainability, 11(3). 653.
Krstić, M., Agnusdei, G. P., Miglietta, P. P., & Tadić, S. (2022). Logistics 4.0 toward circular economy in the agri-food sector. Sustainable Futures, 4, 100097.
Krstić, M., Agnusdei, G. P., Miglietta, P. P., Tadić, S., & Roso, V. (2022). Applicability of industry 4.0 technologies in the reverse logistics: A circular economy approach based on Comprehensive Distance Based Ranking (COBRA) method. Sustainability, 14(9), 5632.
Krstić, M., Agnusdei, G. P., Miglietta, P. P., Tadić, S., & Roso, V. (2022). Applicability of industry 4.0 technologies in the reverse logistics: A circular economy approach based on Comprehensive Distance Based Ranking (COBRA) method. Sustainability, 14(9), 5632.
Krstić, M., Elia, V., Agnusdei, G. P., De Leo, F., Tadić, S., & Miglietta, P. P. (2024). Evaluation of the agri-food supply chain risks: the circular economy context. British Food Journal, 126(1), 113-133.
Lourenço, I. C., Branco, M. C., Curto, J. D., & Eugénio, T. (2012). How does the market value corporate sustainability performance? Journal of business ethics, 108, 417-428.
Lukić, R. (2023). Analysis of the performance of the Serbian economy based on the MEREC-WASPAS method. MARSONIA: Časopis za društvena i humanistička istraživanja, 2(1), 39-52.
MARUF, M., & ÖZDEMİR, K. (2021). Türkiye’deki Ticari Bankalara Ait Web Sitelerin Performanslarının SWARA ve ARAS Yöntemi ile Sıralanması. OPUS International Journal of Society Researches, 18(Yönetim ve Organizasyon Özel Sayısı), 1514-1537. https://doi.org/10.26466/opus.888184
Mastilo, Z., Štilić, A., Gligović, D., & Puška, A. (2024). Assessing the Banking Sector of Bosnia and Herzegovina: An Analysis of Financial Indicators through the MEREC and MARCOS Methods. Journal of Central Banking Theory and Practice, 13(1), 167-197.
Mishra, A. R., Saha, A., Rani, P., Hezam, I. M., Shrivastava, R., & Smarandache, F. (2022). An integrated decision support framework using single-valued-MEREC-MULTIMOORA for low carbon tourism strategy assessment. IEEE Access, 10, 24411-24432. 10.1109/ACCESS.2022.3155171
Oğuz, A., & Satır, H. (2024). Analyzing Profitability Performance with the Integrated MEREC-COBRA Method: The Case of BIST Retail Companies. Business and Economics Research Journal, 15(1), 33-50.
Ömürbek, V., Aksoy, E., & Akçakanat, Ö. (2017). Bankalarin sürdürülebilirlik performanslarinin aras, moosra ve copras yöntemleri ile değerlendirilmesi. Süleyman Demirel Üniversitesi Vizyoner Dergisi, 8(19), 14-32.
ÖZBEK, A., & DEMİRKOL, İ. (2018). LOJİSTİK SEKTÖRÜNDE FAALİYET GÖSTEREN İŞLETMELERİN SWARA VE GİA YÖNTEMLERİ İLE ANALİZİ. Kırıkkale Üniversitesi Sosyal Bilimler Dergisi, 8(1), 71-86.
Özçelik, F., & Öztürk, B. A. (2014). Türkiye’de Bankaların Sürdürülebilirlik Performanslarının Gri İlişkisel Analiz Yöntemiyle Değerlendirilmesi. Muhasebe ve Finansman Dergisi, 63, 189-210.
Özevin, O. (2022). Kurumsal Sürdürülebilirlik Performansının Entropi ve TOPSİS Yöntemleriyle Ölçülmesi: BIST Şirketleri Üzerine Bir Uygulama. Muhasebe ve Finansman Dergisi, 95, 75-98.
Öztel, A., Köse, M. S., & Aytekin, İ. (2012). Kurumsal sürdürülebilirlik performansının ölçümü için çok kriterli bir çerçeve: Henkel örneği. Journal of History Culture and Art Research, 1(4), 32-44.
Popović, G., Pucar, Đ., & Smarandache, F. (2022). MEREC-COBRA approach in e-commerce development strategy selection. Journal of process management and new technologies, 10(3-4), 66-74.
Puška, A., Božanić, D., Mastilo, Z., & Pamučar, D. (2023). Extension of MEREC-CRADIS methods with double normalization-case study selection of electric cars. Soft Computing, 27(11), 7097-7113. https://doi.org/10.1007/s00500-023-08054-7
Scholtens, B. (2011). Corporate social responsibility in the international insurance industry. Sustainable Development, 19(2), 143-156.
Searcy, C. (2012). Corporate sustainability performance measurement systems: A review and research agenda. Journal of business ethics, 107, 239-253.
Stanujkic, D., Karabasevic, D., & Zavadskas, E. K. (2015). A framework for the selection of a packaging design based on the SWARA method. Engineering Economics, 26(2), 181-187.
Stević, Ž., Pamučar, D., Puška, A., & Chatterjee, P. (2020). Sustainable supplier selection in healthcare industries using a new MCDM method: Measurement of alternatives and ranking according to COmpromise solution (MARCOS). Computers & Industrial Engineering, 140, 106231.
TAŞCI, M. Z., & AKBALIK, M. (2024). Şirket Birleşmelerinin Firma Performansına Etkisi: Türkiye Sigorta Şirketi Örneği. İzmir İktisat Dergisi, 39(1), 80-99. https://doi.org/10.24988/ije.1268013
Terzioğlu, M. K., Kurt, E. S., Yaşar, A., & Köken, M. (2022). BİST100-Enerji Sektörü Finansal Performansı: SWARA-VIKOR ve SWARA-WASPAS. Alanya Akademik Bakış, 6(2), 2439-2455.
Torkayesh, A. E., Pamucar, D., Ecer, F., & Chatterjee, P. (2021). An integrated BWM-LBWA-CoCoSo framework for evaluation of healthcare sectors in Eastern Europe. Socio-Economic Planning Sciences, 78, 101052.
Urosevic, S., Karabasevic, D., Stanujkic, D., & Maksimovic, M. (2017). AN APPROACH TO PERSONNEL SELECTION IN THE TOURISM INDUSTRY BASED ON THE SWARA AND THE WASPAS METHODS. Economic Computation & Economic Cybernetics Studies & Research, 51(1).
UTLU, N. (2023). SWARA YÖNTEMİ İLE DİJİTAL PAZARLAMA STRATEJİ SEÇİMİ. Doğuş Üniversitesi Dergisi, 25(1), 341-355. https://doi.org/10.31671/doujournal.1356008
Verma, R., Ajaygopal, K. V., & Koul, S. (2022). Circular supplier evaluation and selection'using hybrid MCDM methods: Case of the steel manufacturing industry. In: International Symposium of the Analytic Hierarchy Process 2022, DEC. 15 – DEC. 18, 2022, Web Conference.
Verma, R., Koul, S., & Ajaygopal, K. V. (2024). Evaluation and Selection of a Cybersecurity Platform─ Case of the Power Sector in India. Decision Making: Applications in Management and Engineering, 7(1), 209-236.
Vesković, S., Stević, Ž., Stojić, G., Vasiljević, M., & Milinković, S. (2018). Evaluation of the railway management model by using a new integrated model DELPHI-SWARA-MABAC. Decision Making: Applications in Management and Engineering, 1(2), 34-50.
Yalçın, N., & Karakaş, E. (2019). Kurumsal Sürdürülebilirlik Performans Analizinde CRITIC-EDAS Yaklaşımı. Çukurova Üniversitesi Mühendislik-Mimarlık Fakültesi Dergisi, 34(4), 147-162.
Zavadskas, E. K., Stević, Ž., Tanackov, I., & Prentkovskis, O. (2018). A novel multicriteria approach–rough step-wise weight assessment ratio analysis method (R-SWARA) and its application in logistics. Studies in Informatics and Control, 27(1), 97-106.
Zhang, H., Wang, H., Wei, G., & Chen, X. (2023). An integrated decision support system for stock investment based on spherical fuzzy PT-EDAS method and MEREC. Technological and Economic Development of Economy, 29(4), 1353–1381.
Zolfani, S. H., Salimi, J., Maknoon, R., & Kildiene, S. (2015). Technology foresight about R&D projects selection; application of SWARA method at the policy making level. Engineering Economics, 26(5), 571-580.
  • 0
  • 1
  • 2
  • 3
  • 4
  • 5

📚 Journal: Decision Science Letters | 📅 Year: 2024 | 📖 Volume: 13 | 📄 Issue: 4 | 👁️ Views: 978 | 📊 Crossref: 4

Related Articles:
  • Lean management approach in health sector: MCDM model proposal to prevention of waste
  • Comparing best-worst method and full consistency method in a fuzzy environment
  • A novel performance evaluation technique based on integrated weighting approach: A case study in the field of sport management
  • Nearest solution to references method for multicriteria decision-making problems
  • ARAS-FUCOM approach for VPAF fighter aircraft selection

📝 Ready to share your research?

Decision Science Letters is accepting new submissions for upcoming issues. Join our community of authors and publish your work with us.

✓ Open access
✓ Rigorous peer review
✓ Fast publication
📤 Submit Your Manuscript →

📖 Author Guidelines

® 2010-2026 GrowingScience.Com