A multicriteria approach for evaluating the performance of industrial firms

Diakoulaki, D.; Mavrotas, George; Papayannakis, L.

doi:10.1016/0305-0483(92)90021-x

Cited by 64 publications

(33 citation statements)

References 11 publications

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“…By their very nature, PMS require the use of multi-criteria methods (Santos et al, 2002). The primary quantitative frameworks found in the literature on PMS are intended to reduce dimensionality and hence a product of the MAUT (Multi-Attribute Utility Theory) aggregation model school (Diakoulaki et al, 1992;Lee et al, 1995;Rangone, 1996;Kim et al, 1997;Suwignjo et al, 2000), although a few studies have been based on outranking models (Mareschal et al, 1991;Babic et al, 1998). MAUT models allow defining the overall performance of a company with respect to its various elementary objectives (Berrah et al, 2004).…”

Section: Problem Statementmentioning

confidence: 99%

Monitoring and Control of an Efficient Industrial Performance Improvement within a MAUT Assessment Framework

Montmain

2011

Supply Chain Forum: An International Journal

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This paper begins by discussing the implementation of monitoring and control strategies to improve industrial performance. Industrial performance is presently defined in terms of multiple and multi-level criteria, which need to be synthesized for overall improvement purposes. The Multi-Attribute Utility Theory (MAUT) provides tools relevant to decisionmaking within this specific context. According to our approach, overall company performance is expressed as the aggregate value of each elementary performance relative to each criterion, with the aggregation operator being a Choquet integral. The paper then recalls previous studies regarding the design of efficient improvements within this same MAUT framework, before focusing on an analysis of overall performance gain in terms of elementary performance improvements. The contribution of an aggregate performance gain criterion plays a key role in this study. Two improvement strategies will moreover be examined and compared in light of this concept development. A case study has also been included to illustrate the proposals set forth in the paper.

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Section: Problem Statementmentioning

confidence: 99%

Monitoring and Control of an Efficient Industrial Performance Improvement within a MAUT Assessment Framework

Montmain

2011

Supply Chain Forum: An International Journal

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“…A variant consists of relying instead on the implicit objectives of the program, reconstructed by the steering group or extended work groups, e.g. with the aid of the concept mapping of impacts [5].…”

Section: Phasementioning

confidence: 99%

“…These questions can be answered yes or no or be qualified, in which case the notions of a weak preference and a threshold criterion are introduced. The analysis makes all possible comparisons and presents a synthesis of the type: "Measure A is at least as good as Measure B, in relation to a majority of criteria (case of agreement), without being altogether too bad in relation to the other criteria (case of disagreement)" [5].…”

Section: Phasementioning

confidence: 99%

“…Indeed, a point scale with high values introduces a bias even if it's of less importance in the final decision. The demonstration how the process of evaluation goes might be illustrated by the example as follows presented by [5]. The information was included into a decision matrix as shown below, and then the scores were computed for each solution regarding the criteria with eqn (1) below: Criterion C1 1 3 3 3 3 3 3 Criterion C2 2 2 4 1 2 2 4 Criterion C3 3 1 3 3 9 2 6 Total 6 4 10 7 14 7 13 When we sum up the ratings, both solutions B and C are equivalent and outperforming solution A.…”

Section: Phase 3 Creating a Decision Matrixmentioning

confidence: 99%

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Multicriteria analysis measurement of the road transport corridor impact on the environment

Micevičienė¹,

Bazaras²,

Čiburienė³

et al. 2009

WIT Transactions on the Built Environment

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Transport is one of the main branches of any economy without which the functioning of a modern economy is, in general, impossible. It ensures necessary economic links and joins all industrial units of a country into one whole, thus establishing the conditions for an economy to function coherently and efficiently. Thus, transport is an important branch of an economy. However, its infrastructure expansion needs high levels of investment. This is why investment projects for the development of the transport structure have to be thoroughly selected and their implementation has to ensure sufficient efficiency. Taking into account that transport generates a number of adverse effects from both transport infrastructures and vehicles, the indirect ones -environmental influences might be included into the group -may have even greater consequences on society than its direct effects.

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“…Another methodology is based on multi-criteria analysis of company performance. For example, Diakoulaki et al [3] utilize the results of multi-criteria analysis, applied to a large sample of Greek pharmaceutical companies, in order to find out how suitable certain common financial ratios are as indices of a company's overall performance. Another proposed approach is based on Logarithmic Fuzzy Preference Programming (LFPP) and TOPSIS methods.…”

Section: Introductionmentioning

confidence: 99%

Performance evaluation of Central European companies

Fiala

Jablonský

2015

Croat. Oper. Res. Rev.

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Abstract. The paper presents a modelling approach for performance comparison of Central European companies on three levels: country, industry, and company. The approach is based on Data Envelopment Analysis and Analytic Hierarchy Process. The proposed model consists of two basic sections. The first section estimates the importance of selected industries in the countries, whereas the second section evaluates the performance of companies within industries. The results of both sections are synthesized and finally the country performance is estimated. The evaluation is based on the data set resulting from a survey of companies from selected industries.

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A multicriteria approach for evaluating the performance of industrial firms

Cited by 64 publications

References 11 publications

Monitoring and Control of an Efficient Industrial Performance Improvement within a MAUT Assessment Framework

Monitoring and Control of an Efficient Industrial Performance Improvement within a MAUT Assessment Framework

Multicriteria analysis measurement of the road transport corridor impact on the environment

Performance evaluation of Central European companies

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