Volume 26, Number 4 (IJIEPR 2015)                   IJIEPR 2015, 26(4): 287-309 | Back to browse issues page



DOI: 10.22068/ijiepr.26.4.287

XML Print


Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:

Esfahanipour A, Davari Ardakani H. A hybrid multicriteria approach for performance evaluation: the case of a holding company. IJIEPR. 2015; 26 (4) :287-309
URL: http://ijiepr.iust.ac.ir/article-1-556-en.html

Assistant Professor Amirkabir University of Technology , esfahaa@aut.ac.ir
Abstract:   (669 Views)

In today’s competitive business situation, performance evaluation of firms is an extremely important concern of all the people who are typically stakeholders of the business game. In case of holding companies, this is a more important issue since the parent firm must permanently control the situation of its subsidiaries in their sectors to make appropriate investment decisions. This paper develops a multicriteria decision making (MCDM) approach for evaluating performance of firms considering financial and productivity criteria.. We adopt Fuzzy Analytic Hierarchy Process (FAHP) method to determine the relative importance of evaluation criteria, taking the vagueness and imprecision of human judgments into consideration. Then, we employ the Preference Ranking Organization METHod for Enrichment Evaluation (PROMETHEE) for ranking of firms. Afterward, this paper enjoys benefit of using Technique of Order Preference by Similarity to Ideal Solution (TOPSIS) to assess the validity of the obtained ranking results. Our approach was applied to a holding company listed in Tehran Stock Exchange (TSE) as a real case. The analysis of ranking results revealed advantages of combining these MCDM methods.

AWT IMAGE

Full-Text [PDF 357 kb]   (442 Downloads)    
Type of Study: Research | Subject: Decision Analysis and Methods
Received: 2013/10/10 | Accepted: 2015/11/23 | Published: 2016/03/16

Add your comments about this article : Your username or email:
Write the security code in the box

Send email to the article author


© 2015 All Rights Reserved | International Journal of Industrial Engineering & Production Research

Designed & Developed by : Yektaweb