Fuzzy logic approach to SWOT analysis for economics tasks and example of its computer realization

Authors

  • V. Chernov Vladimir State University, Russia
  • O. Dorokhov Simon Kuznets Kharkiv National University of Economics, Ukraine
  • L. Dorokhova National Pharmaceutical University, Kharkiv, Ukraine

Keywords:

fuzzy SWOT analysis, qualitative methods, economic uncertainly, fuzzy modelling, linguistic assessments, risks forecasting

Abstract

The article discusses the widely used classic method of analysis, forecasting and decision-making in the various economic problems, called SWOT analysis. As known, it is a qualitative comparison of multicriteria degree of Strength, Weakness, Opportunity, Threat for different kinds of risks, forecasting the development in the markets, status and prospects of development of enterprises, regions and economic sectors, territorials etc. It can also be successfully applied to the evaluation and analysis of different project management tasks - investment, innovation, marketing, development, design and bring products to market and so on. However, in practical competitive market and economic conditions, there are various uncertainties, ambiguities, vagueness. Its making usage of SWOT analysis in the classical sense not enough reasonable and ineffective. In this case, the authors propose to use fuzzy logic approach and the theory of fuzzy sets for a more adequate representation and posttreatment assessments in the SWOT analysis. In particular, has been short showed the mathematical formulation of respective task and the main approaches to its solution. Also are given examples of suitable computer calculations in specialized software Fuzicalc for processing and operations with fuzzy input data. Finally, are presented considerations for interpretation of the results.

Author Biographies

V. Chernov, Vladimir State University, Russia

Department of Computer Science and Management in Technical and Economic Systems

O. Dorokhov, Simon Kuznets Kharkiv National University of Economics, Ukraine

Department of Information Systems 

L. Dorokhova, National Pharmaceutical University, Kharkiv, Ukraine

Department of Management and Marketing in Pharmacy

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Published

2016-06-09

Issue

Section

ECONOMIC DATA PROCESSING