Application of Analytic Hierarchy Process in Evaluating Higher Industry Vocational Colleges Financial Performance

Abstract

The financial performance should be evaluated from the perspective of stakeholders in higher vocational colleges firstly. And according to the development status of higher vocational colleges in recent years, a set of evaluation index of financial performance with characteristics of higher vocational colleges should be divided into five major dimensions: the performance of talents training, teaching performance, scientific research performance, performance of social services, logistics support performance. Hence, the financial performance evaluation model based on AHP and five major dimensions is established to solve the major theoretical and practical issues of financial performance evaluation and monitoring in higher vocational colleges. We also try to evaluate the financial performance of some benchmark industry and engineering vocational colleges applying the AHP model. Using statistical program R to analysis the panel data, the results show that the reasonable standards and clear directions can improve the financial performance in higher vocational colleges.