An Integrated Approach Based on FAHP and ARAS Methods for Financial Performance Evaluation
نویسندگان
چکیده
Financial ratios provide useful quantitative financial information about company performance. Most of the economical, industrial, financial or political decision problems are multi-criteria. The application of multi criteria decision making methods significantly improves the robustness of financial analysis and business decisions in general. In this study, based on six wellknown financial performance measures, a multi criteria approach is used for evaluation of automobile parts manufacturer group of Tehran stock exchange (TSE). In this approach, Fuzzy analytic hierarchy process (FAHP) is applied to determine the weight of criterion then companies are ranked according to their financial performance by using additive ratio assessment (ARAS) method. The finding of this study can help companies identify the important financial measures for have a better recognition of their financial performance.
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