Feasibility Study of Fixed Olympic Cities Based on TOPSIS Evaluation Model

Abstract

Olympic Games have been facing a steady decline in the number of bids, with countries experiencing varying degrees of negative impact, making the cost of hosting the Games unaffordble for most countries. Therefore, the paper tends to find a strategy for hosting the Olympic Games that suits the current state of the world and address the issue of choosing a host country for the Games. This paper developed an Olympic Games host city assessment model to identify two permanent hosts for the Games and make recommendations to the International Olympic Committee. Then the paper analyzed the feasibility of the two countries chosen as hosts for the Olympic Games and carried out a predictive analysis of Beijing, China and Salt Lake City, USA for putting each sub-indicator in the predictive analysis. Sensitivity analysis is used to verify the impact of potential strategies on our metrics. The paper discusses the implications of the policy and the pros and cons of it.