Using grey relation analysis and TOPSIS to evaluate the financial performance of Taiwan's TFT-LCD industry

被引:0
作者
Chao, Chuang-Min [1 ]
Lee, Jinn-Der [1 ]
Wu, Wei-San [2 ]
机构
[1] Department of Business Management, National Taipei University of Technology, Graduate Institute of Industrial and Business Management, 1, Sec. 3, Chung-Hsiao E. Rd., Taipei
[2] Deloitte and Touche Global Services Limited, Long Bon World Trade Building, 218 Taiwan Boulevard, Sec. 2, West District, Taichung
关键词
Decision sciences; Financial performance; GRA; Grey relation analysis; TFT-LCD industry; TOPSIS method;
D O I
10.1504/IJADS.2015.066560
中图分类号
学科分类号
摘要
This study adopted public information and ratios commonly used in financial performance analysis as the basis for selecting indicators. We applied grey relation analysis to classify the indicators with high relationship grades as a set, and we selected and simplified representative indicators to provide proper financial ratios for the evaluation of attribute sets and to avoid favouritism or negligence. Finally, we used the technique for order preference by similarity to ideal solution (TOPSIS) to determine performance order, as well as analyse the financial characteristics and operating advantages and disadvantages of the four largest TFT-LCD panel makers in Taiwan from 2005 to 2007, and to provide a reference for performance improvement. Suggestions are provided for improvement, and performance factors are explored so as to provide references for future decision-making. Copyright © 2015 Inderscience Enterprises Ltd.
引用
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页码:83 / 108
页数:25
相关论文
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