Resilience Measurement – Financial Survival Bag Concept Using Rough Fuzzy Set Approach

Authors

  • Ying Ying Tang Universiti Teknologi Malaysia, Skudai, 81310 Johor Bahru, Malaysia

Keywords:

financial resilience, organization resilience, resilience performance measurement, rough fuzzy set

Abstract

The current Covid-19 pandemic has starkly revealed the importance of being resilient to enable an organization to stay in business. A resilient performance measurement model to constantly measure an organization’s financial resilience is thus necessary to ensure the continued survivability of the organization. The purpose of this research is to develop a resilience measurement model to measure and unify various metrics into a single unit-less index. This paper is an extension of work on the financial survival bag concept and the measures and metrics from [1].  The financial resilience measurement model was developed using the rough fuzzy set method for any participating SME manufacturer. This model intends to solve the research gaps from previous research conducted on resilience measurement to estimate the duration an organization can survive based on its current resilience result and to gauge the interaction of risk/ disruption with resilience capabilities.  A case study was conducted and the evaluation concurred with the findings of the proposed model as the results reflected their current resilience level. In essence, this research has managed to offer a new way of measurement for resilience to evaluate the financial resilience of any SME manufacturer in Malaysia.

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Published

2022-08-24

How to Cite

Ying Ying Tang. (2022). Resilience Measurement – Financial Survival Bag Concept Using Rough Fuzzy Set Approach. International Journal of Sciences: Basic and Applied Research (IJSBAR), 63(2), 168–186. Retrieved from https://gssrr.org/index.php/JournalOfBasicAndApplied/article/view/14360

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