A novel hybrid MCDM model for financial performance evaluation in Iran's food industry

The use of financial ratios as the necessary information is considered as one of the noticeable issues for researchers to apply quantitative models for evaluating the performance of institutions. The reason for introducing these new approaches is that the financial ratios cannot individually provide...

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Bibliographic Details
Published in:Accounting and financial control 2017-12, Vol.1 (2), p.38-45
Main Authors: Alimohammadlou, Moslem, Bonyani, Abbas
Format: Article
Language:English
Subjects:
Agriculture
Best-Worst method
Financial performance
Financial ratios
Food processing industry
PROMETHEE II
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Summary:The use of financial ratios as the necessary information is considered as one of the noticeable issues for researchers to apply quantitative models for evaluating the performance of institutions. The reason for introducing these new approaches is that the financial ratios cannot individually provide a correct and adequate understanding of an institution’s performance. This study sought to propose a model for evaluating and ranking 14 companies which are considered as the largest companies in Iran’s food industry according to the recent report of Industrial Management institute (IMI). To accomplish this, an integrated model composed of Best-Worst method and PROMETHEE II was used. Results of data analysis revealed that in final evaluation, some companies such as NOOSH MAZAN Co., PYAZR AI Co. and PEGAH ESF Co had higher positions compared to the others.
ISSN:2543-5485
2544-1450
DOI:10.21511/afc.01(2).2017.05