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Using Innovation Scorecards and Lossless Fuzzy Weighted Averaging in Multiple-criteria Multi-expert Innovation Evaluation

  • Mikael CollanEmail author
  • Pasi Luukka
Chapter

Abstract

This chapter discusses the multiple-criteria evaluation of innovations and new concepts by multiple experts under uncertainty that causes imprecision regarding the evaluations. The tools used are scorecards and fuzzy logic. The chapter presents for the first time how the lossless fuzzy weighted average (LFWA) can be used in the context of innovation evaluation. The LFWA method is useful in combining expert evaluations given as scenarios and transformed into fuzzy numbers in a way that does not lose relevant information about the potential, or the downside of the evaluated innovations. The whole chain from collecting evaluations on a set of innovations to the ready aggregated evaluations and to the ranking of the evaluated innovations is presented and illustrated with a numerical example.

Keywords

Innovation management Evaluation Lossless fuzzy weighted average Ranking 

Notes

Acknowledgements

This research would like to acknowledge the funding received from the Finnish Strategic Research Council, grant number 313396/MFG40 – Manufacturing 4.0.

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.School of Business and ManagementLappeenranta University of TechnologyLappeenrantaFinland

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