Comparison of multi criteria decision making (MCDM) methods with respect to performance of food firms listed in BIST
Analyzing firms’ performance appropriately is core topic for decision makers working in financial sector under the conditions of imprecise and incomplete information. Purpose of this study is to assess firms’ performance by taking financial ratios and financial experts’ into the account. Therefore...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Nicolaus Copernicus University in Toruń
2016-08-01
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| Series: | Copernican Journal of Finance & Accounting |
| Subjects: | |
| Online Access: | https://apcz.umk.pl/CJFA/article/view/10421 |
| _version_ | 1797726202340835328 |
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| author | Namık Kemal Erdoğan Serpil Altınırmak Çağlar Karamaşa |
| author_facet | Namık Kemal Erdoğan Serpil Altınırmak Çağlar Karamaşa |
| author_sort | Namık Kemal Erdoğan |
| collection | DOAJ |
| description |
Analyzing firms’ performance appropriately is core topic for decision makers working in financial sector under the conditions of imprecise and incomplete information. Purpose of this study is to assess firms’ performance by taking financial ratios and financial experts’ into the account. Therefore firstly weights of criteria and sub criteria related to financial ratios are obtained by using one of the fuzzy ranking methods namely Buckley’s Column Geometric Mean Method. Following to this firms’ final rankings are determined by means of TOPSIS, VIKOR and ELECTRE methods. Also ranking performance of these three methods is interpreted. According to this purpose financial ratios of twenty one food firms listed in BIST for four years period (2011–2014) are acquired and analyzed via these methods.
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| first_indexed | 2024-03-12T10:42:21Z |
| format | Article |
| id | doaj.art-1d2a730492604e0999d4203cd46c8270 |
| institution | Directory Open Access Journal |
| issn | 2300-1240 2300-3065 |
| language | English |
| last_indexed | 2024-03-12T10:42:21Z |
| publishDate | 2016-08-01 |
| publisher | Nicolaus Copernicus University in Toruń |
| record_format | Article |
| series | Copernican Journal of Finance & Accounting |
| spelling | doaj.art-1d2a730492604e0999d4203cd46c82702023-09-02T07:56:46ZengNicolaus Copernicus University in ToruńCopernican Journal of Finance & Accounting2300-12402300-30652016-08-0151Comparison of multi criteria decision making (MCDM) methods with respect to performance of food firms listed in BISTNamık Kemal Erdoğan0Serpil Altınırmak1Çağlar Karamaşa2Anadolu UniversityAnadolu UniversityAnadolu University Analyzing firms’ performance appropriately is core topic for decision makers working in financial sector under the conditions of imprecise and incomplete information. Purpose of this study is to assess firms’ performance by taking financial ratios and financial experts’ into the account. Therefore firstly weights of criteria and sub criteria related to financial ratios are obtained by using one of the fuzzy ranking methods namely Buckley’s Column Geometric Mean Method. Following to this firms’ final rankings are determined by means of TOPSIS, VIKOR and ELECTRE methods. Also ranking performance of these three methods is interpreted. According to this purpose financial ratios of twenty one food firms listed in BIST for four years period (2011–2014) are acquired and analyzed via these methods. https://apcz.umk.pl/CJFA/article/view/10421performance analysisfuzzy rankingTOPSISVIKORELECTRE |
| spellingShingle | Namık Kemal Erdoğan Serpil Altınırmak Çağlar Karamaşa Comparison of multi criteria decision making (MCDM) methods with respect to performance of food firms listed in BIST Copernican Journal of Finance & Accounting performance analysis fuzzy ranking TOPSIS VIKOR ELECTRE |
| title | Comparison of multi criteria decision making (MCDM) methods with respect to performance of food firms listed in BIST |
| title_full | Comparison of multi criteria decision making (MCDM) methods with respect to performance of food firms listed in BIST |
| title_fullStr | Comparison of multi criteria decision making (MCDM) methods with respect to performance of food firms listed in BIST |
| title_full_unstemmed | Comparison of multi criteria decision making (MCDM) methods with respect to performance of food firms listed in BIST |
| title_short | Comparison of multi criteria decision making (MCDM) methods with respect to performance of food firms listed in BIST |
| title_sort | comparison of multi criteria decision making mcdm methods with respect to performance of food firms listed in bist |
| topic | performance analysis fuzzy ranking TOPSIS VIKOR ELECTRE |
| url | https://apcz.umk.pl/CJFA/article/view/10421 |
| work_keys_str_mv | AT namıkkemalerdogan comparisonofmulticriteriadecisionmakingmcdmmethodswithrespecttoperformanceoffoodfirmslistedinbist AT serpilaltınırmak comparisonofmulticriteriadecisionmakingmcdmmethodswithrespecttoperformanceoffoodfirmslistedinbist AT caglarkaramasa comparisonofmulticriteriadecisionmakingmcdmmethodswithrespecttoperformanceoffoodfirmslistedinbist |