Using integrated Fuzzy Multi-Criteria decision making model for evaluation and ranking the manufacturing firms in Tehran Stock Exchange

Subject Areas : مدیریت

Ali Mohtashami ¹ , Rahman Hasan Alipoor Heris ²

1 - استادیار، دانشگاه آزاد اسلامی، واحد قزوین، گروه مدیریت، قزوین، ایران
2 - کارشناس ارشد، دانشگاه آزاد اسلامی، واحد پردیس علوم تحقیقات قزوین، گروه مدیریت، قزوین، ایران(عهده دار مکاتبات)

Received: 2014-04-07 Accepted : 2014-09-09 Published : 2015-02-20

Keywords: TOPSIS, Performance Evaluation, Financial Ratio, Multi criteria Decision Making, Multi Attribute Decision Making, VIKOR, Linear Assignment,

Abstract :

This paper aims to evaluate the financial performance of manufacturing industries member of the Tehran Stock Exchange.The MCDM method is applied to Evaluate five industry members of the Tehran Stock Exchange. Each industry includesseveral companies. Evaluation criteria in this study were identified using literature research and data are needed for the years1386 to 1391, the Tehran Stock Exchange databases were collected. FAHP method is applied to determine the weight ofcriteria. After determining the weight of criteria, TOPSIS and VIKOR are applied as compromised methods to evaluate thecompanies. In the compromised method the distances of positive ideal solution and negative idea solution are consideredsimultaneously. On the other hand, the maximum distances of ideal solution are also considered. Finally, using the result ofTOPSIS and VIKOR and then taking advantage of the linear assignment method, and the results of calculations carried outpriorities final step after each stage is given. In the end, the conclusion is presented.