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Investigating the Effect of Financial Indices on Cement Companies Performance Using Fuzzy Mcdm


Affiliations
1 Islamic Azad University, Roudbar Branch, Roudbar, Iran, Islamic Republic of
2 Department of Industrial Engineering, South Tehran Branch, Islamic Azad University, Tehran, Iran, Islamic Republic of
 

Proper evaluation of company performance, not only for investors, shareholders and lenders is an important issue, but for companies that are active in the same sector is also important. Today, with the increased use of cement in infrastructure development, including the construction and development of building operation, construction activities and projects, and financial resources required for reconstruction and investments of cement industry, cement industry has become one of the most important and influential industrial infrastructure in Iran. In order to understand the importance of cement industry and investment in this study, financial indices that influence in evaluation of cement companies at Tehran Stock Exchange are considered. For these indices, hierarchical structure is proposed and prioritized by 12 experts in this field. Results based on Fuzzy Analytical Hierarchical Process (fuzzy AHP) shows profitability ratio and net profit margin ratio are the most important financial index and sub-index in evaluation of cement companies.

Keywords

Cement Companies, Fuzzy Analytical Hierarchical Process (fuzzy AHP), Financial Indices, Tehran Stock Exchange
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  • Investigating the Effect of Financial Indices on Cement Companies Performance Using Fuzzy Mcdm

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Authors

Loghman Hatami-Shirkouhi
Islamic Azad University, Roudbar Branch, Roudbar, Iran, Islamic Republic of
Mehran Nemati
Department of Industrial Engineering, South Tehran Branch, Islamic Azad University, Tehran, Iran, Islamic Republic of
Homa Samadi
Department of Industrial Engineering, South Tehran Branch, Islamic Azad University, Tehran, Iran, Islamic Republic of

Abstract


Proper evaluation of company performance, not only for investors, shareholders and lenders is an important issue, but for companies that are active in the same sector is also important. Today, with the increased use of cement in infrastructure development, including the construction and development of building operation, construction activities and projects, and financial resources required for reconstruction and investments of cement industry, cement industry has become one of the most important and influential industrial infrastructure in Iran. In order to understand the importance of cement industry and investment in this study, financial indices that influence in evaluation of cement companies at Tehran Stock Exchange are considered. For these indices, hierarchical structure is proposed and prioritized by 12 experts in this field. Results based on Fuzzy Analytical Hierarchical Process (fuzzy AHP) shows profitability ratio and net profit margin ratio are the most important financial index and sub-index in evaluation of cement companies.

Keywords


Cement Companies, Fuzzy Analytical Hierarchical Process (fuzzy AHP), Financial Indices, Tehran Stock Exchange

References