Multi-Attribute Decision Making dengan Metode Fuzzy Technique for Order Preference by Similarity to Ideal Solution (FTOPSIS)

Studi Kasus: Rasio Keuangan Saham Sektor Building Construction LQ45 Bursa Efek Indonesia

Abstract

Fuzzy TOPSIS is a method that is used for identifying solution from one limited alternative set. The basic principle is that the chosen alternative must have the shortest distance from the positive ideal solution and the furthest distance from the negative ideal solution to determine relative proximity from an alternative with optimal solution. Fuzzy numbers in this method give effectiveness to determine the value of decision matrix. The purpose of this research is to find out  the recommendation of investment in ADHI, PTPP, WIKA, and WSKT stocks by using fuzzy TOPSIS method. The alternatives that is used in this research are four stocks in the building construction sector on LQ45, from February to July 2017 namely Adhi Karya (Persero) Tbk. (ADHI), PP (Persero) Tbk. (PTPP), Wijaya Karya (Persero) Tbk. (WIKA), and Waskita Karya (Persero) Tbk. (WSKT) with the attributes that consist of nine financial ratios, namely Earnings Per Share (EPS), Book Value Per Share (BV), Debt to Assets Ratio (DAR), Debt to Equity Ratio (DER), Return on Assets (ROA), Return to Equity (ROE), Gross Profit Margin (GPM), Operating Profit Margin (OPM) and Net Profit Margin (NPM) on June 2016. The result of the research with fuzzy TOPSIS analysis generates preference value from stocks of ADHI amount 0,1711, stocks of PTPP amount 0,6169, stocks of WIKA amount 0,6310, and stocks of WSKT amount 0,7488. The result of  preference value shows that stocks of WSKT with the highest preference value become the best recommendation option to invest rather than the stocks of ADHI, PTPP, or WIKA.