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Selection of Industrial Investment of a Province in Iran

Younos Vakil Alroaia and Hamid Gharzi

The IUP Journal of Accounting Research and Audit Practices, 2009, vol. VIII, issue 3-4, 108-115

Abstract: This paper focuses on the ranking of industrial investment in the Khorasan-e-Razavi province of Iran. The designing of industry must involve selection of those that have sufficient success potential. Hence, from several factors of success, the following four indices have been selected—export rate, productivity, employment, and capital. These indices have been studied over a period of five years and important criteria for evaluating the alternatives (selection of industry) by each of the above four indices have been identified. Also, the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) has been employed to calculate the success potential of each alternative, as evaluated by the indices. The empirical data comprises the longitudinal survey of the industries of the Khorasan-e-Razavi province. The study finds that beverage and food industries are placed as the first priority. The study also finds nine industries, which are expected to employ labor and increase their investment as well as efficiency.

Date: 2009
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