Comparative Performance Assessment with Entropy Weighted ARAS and COPRAS Methods of Private Pension Companies

Eylem Bayrakci and Esra Aksoy
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Eylem Bayrakci: Isparta University of Applied Sciences
Esra Aksoy: Suleyman Demirel University

Business and Economics Research Journal, 2019, vol. 10, issue 2, 415-433

Abstract: The individual pension system enables individuals to gain an additional income during retirement and to help individuals spend their retirement periods in welfare. In countries where the individual pension system is implemented, it contributes to the economy both as a complement to the social security system and as a long-term investment fund. The funds collected in the system are managed by private portfolio management companies to operate in the pension branch. The purpose of this study is to evaluate the performance of individual pension companies operating in our country comparatively with the ARAS and COPRAS methods of the Multi Criteria Decision Making methods. For the analysis of the performances of individual pension companies, the criteria were determined and the weights of the criteria were calculated by entropy method and included in the solution. As a result of the analysis, the performance ranking of the individual pension companies was made and as a result the ranking was found to be the same in both methods.

Keywords: Individual Pension System; Performance; Entropy; ARAS; COPRAS (search for similar items in EconPapers)
JEL-codes: G22 M20 M40 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ris:buecrj:0399

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