Evaluation on the performance of highway companies using goal programming model
Highway companies engage in projects with governments through the concession model in which the governments’ aim is in fulfilling public interest while the highway companies aim to increase their financial stability. However, highway companies face various operational risks that would impede their f...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
EDP Sciences
2023-01-01
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| Series: | E3S Web of Conferences |
| Subjects: | |
| Online Access: | https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/42/e3sconf_icstce2023_03006.pdf |
| _version_ | 1797756254151507968 |
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| author | Lam Weng Siew Lee Pei Fun Lam Weng Hoe |
| author_facet | Lam Weng Siew Lee Pei Fun Lam Weng Hoe |
| author_sort | Lam Weng Siew |
| collection | DOAJ |
| description | Highway companies engage in projects with governments through the concession model in which the governments’ aim is in fulfilling public interest while the highway companies aim to increase their financial stability. However, highway companies face various operational risks that would impede their financial excellency. Therefore, this paper aims to assess the financial performances of the highway companies with the goal programming (GP) model. The GP model is a powerful tool in solving multi-objective issues. This paper studies the listed highway companies, namely LITRAK, TALIWRK, and EDGENTA from 2017 to 2022 using financial data. Based on the optimal solution of GP model, all three companies have reached the goals for assets, equities, and optimum management items. LITRAK, TALIWRK, and EDGENTA have underachievement for the goal of liability management. The GP model has identified the potential improvements for these highway companies for further improvement based on the benchmark values. |
| first_indexed | 2024-03-12T17:58:46Z |
| format | Article |
| id | doaj.art-c0125d07eac84241a06050a6268af78d |
| institution | Directory Open Access Journal |
| issn | 2267-1242 |
| language | English |
| last_indexed | 2024-03-12T17:58:46Z |
| publishDate | 2023-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | E3S Web of Conferences |
| spelling | doaj.art-c0125d07eac84241a06050a6268af78d2023-08-02T13:18:12ZengEDP SciencesE3S Web of Conferences2267-12422023-01-014050300610.1051/e3sconf/202340503006e3sconf_icstce2023_03006Evaluation on the performance of highway companies using goal programming modelLam Weng Siew0Lee Pei Fun1Lam Weng Hoe2Department of Physical and Mathematical Science, Faculty of Science, Universiti Tunku Abdul Rahman, Kampar Campus, Jalan UniversitiDepartment of Physical and Mathematical Science, Faculty of Science, Universiti Tunku Abdul Rahman, Kampar Campus, Jalan UniversitiDepartment of Physical and Mathematical Science, Faculty of Science, Universiti Tunku Abdul Rahman, Kampar Campus, Jalan UniversitiHighway companies engage in projects with governments through the concession model in which the governments’ aim is in fulfilling public interest while the highway companies aim to increase their financial stability. However, highway companies face various operational risks that would impede their financial excellency. Therefore, this paper aims to assess the financial performances of the highway companies with the goal programming (GP) model. The GP model is a powerful tool in solving multi-objective issues. This paper studies the listed highway companies, namely LITRAK, TALIWRK, and EDGENTA from 2017 to 2022 using financial data. Based on the optimal solution of GP model, all three companies have reached the goals for assets, equities, and optimum management items. LITRAK, TALIWRK, and EDGENTA have underachievement for the goal of liability management. The GP model has identified the potential improvements for these highway companies for further improvement based on the benchmark values.https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/42/e3sconf_icstce2023_03006.pdfhighway companiesgoal programmingbenchmarkfinancial performanceoptimal solution |
| spellingShingle | Lam Weng Siew Lee Pei Fun Lam Weng Hoe Evaluation on the performance of highway companies using goal programming model E3S Web of Conferences highway companies goal programming benchmark financial performance optimal solution |
| title | Evaluation on the performance of highway companies using goal programming model |
| title_full | Evaluation on the performance of highway companies using goal programming model |
| title_fullStr | Evaluation on the performance of highway companies using goal programming model |
| title_full_unstemmed | Evaluation on the performance of highway companies using goal programming model |
| title_short | Evaluation on the performance of highway companies using goal programming model |
| title_sort | evaluation on the performance of highway companies using goal programming model |
| topic | highway companies goal programming benchmark financial performance optimal solution |
| url | https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/42/e3sconf_icstce2023_03006.pdf |
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