Two Approaches to Country Risk Evaluation

  • Ramin Rzayev
  • Sevinj BabayevaEmail author
  • Inara Rzayeva
  • Adila Ali
Conference paper
Part of the Lecture Notes in Networks and Systems book series (LNNS, volume 69)


Weighted attribute estimates and fuzzy inference methods are based on two approaches to evaluate the levels of country risk which are considered on the base of expert judgments. To obtain the final estimates of the country risk levels for an arbitrary set of alternatives these approaches are used on the base of expert conclusions regarding factors of country risk. The study is completed by comparative analysis of finale estimates of country risks.


Country risk Concordance coefficient Estimate Expert conclusion Fuzzy set Fuzzy conclusion 



The authors consider necessary to express their sincere appreciation to the direction of the Institute of Control Systems of the Azerbaijan National Academy of Sciences represented by professors T. A. Aliev and O. G. Nusratov for the help that they rendered during the process of writing and preparing this article.


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Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  • Ramin Rzayev
    • 1
  • Sevinj Babayeva
    • 1
    Email author
  • Inara Rzayeva
    • 2
  • Adila Ali
    • 3
  1. 1.Department of Information SystemsInstitute of Control Systems, ANAS ICSBakuAzerbaijan
  2. 2.Department of International EconomicsAzerbaijan State University of Economics, UNECBakuAzerbaijan
  3. 3.Department of MSc Business AnalyticsUniversity College London, UCLLondonUK

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