NDLI: An integrated fuzzy MCDM approach and analysis to evaluate the financial performance of Iranian cement companies

Content Provider	Springer Nature Link
Author	Moghimi, Rohollah Anvari, Alireza
Copyright Year	2013
Abstract	In today's highly competitive environment, suitable appraisal of a company's performance is of vital importance not only for the company but also for its suppliers and customers. The main objectives of this study were to analyze the financial ratios of Iranian cement-producing companies and to develop a fuzzy model to evaluate financial performance. The proposed fuzzy approach is based on the fuzzy analytical hierarchy process (FAHP) and the technique for order preference by similarity to ideal solution (TOPSIS) method. In contrast to other studies in the literature, in the present study, the FAHP method was used in determining the weightage of criteria by decision makers and the TOPSIS method was used in determining the ranking of the companies. The proposed combined method was used to evaluate the performance of eight Iranian cement companies listed in the Tehran Stock Exchange using data from their financial tables and subsequent ranking of these companies. The final results of the analysis revealed the performance ranking of the companies Sabhan, Sarab, Sedasht, Safar, Sekaroun, Sakarma, Sanir, and Sahrmoz with priority scores of 0/55, 0/51, 0/50, 0/49, 0/42, 0/37, 0/36, and 0/33, respectively. The results indicate an overall performance ranking because the weights of the criteria were determined by decision makers with different experiences, positions, and proficiencies. If it is desired, it is possible to make an evaluation only for creditors, investors, or shareholders; however, in such cases, the weights of the criteria will vary and the ranking of the companies can change. The proposed method can also be applied to the evaluation of companies in other sectors.
Starting Page	685
Ending Page	698
Page Count	14
File Format	PDF
ISSN	02683768
Journal	The International Journal of Advanced Manufacturing Technology
Volume Number	71
Issue Number	1-4
e-ISSN	14333015
Language	English
Publisher	Springer London
Publisher Date	2013-12-07
Publisher Place	London
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Fuzzy AHP TOPSIS Performance assessment Cement companies Industrial and Production Engineering Production/Logistics/Supply Chain Mechanical Engineering Computer-Aided Engineering (CAD, CAE) and Design
Content Type	Text
Resource Type	Article
Subject	Industrial and Manufacturing Engineering Control and Systems Engineering Mechanical Engineering Computer Science Applications Software

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