Performance Measurement of Logistics Firms with Multi-Criteria Decision Making Methods

Volume: 13 Number: 4 November 1, 2013
  • Süleyman Çakır
  • Selçuk Perçin
EN TR

Performance Measurement of Logistics Firms with Multi-Criteria Decision Making Methods

Abstract

In today’s competitive environment firms that have to use their resources optimally, should regularly carry out performance measurement in order to see the degree of achieving their goals. A strategic performance measurement necessitates inter-comparison of the firms operating in the same industry. Accordingly, the aim of this study is to conduct the performance measurement of 10 logistics firms taking place among the best 500 firms the Journal of FORTUNE Turkey explained for the year 2011 via Multi-Criteria Decision Making (MCDM) techniques. In the first stage of the three-stage study, the weights of the criteria that were determined considering the literature and data availability calculated using the CRITIC (Criteria Importance Through Intercritera Correlation) method, an objective MCDM technique. In the second stage, by performing SAW (Simple Additive Weighting), TOPSIS (The Technique for Order Preference by Similarity to Ideal Solution) and VIKOR (VlseKriterijumska Optimizacija I Kompromisno Resenje) methods with the help of the weights obtained, firms are ranked with respect to their performances. In the third stage, a combined ranking is obtained by utilizing the three rankings of the mentioned methods via the Borda Count method, a data fusion technique. As a result of the application, it is revealed that the combined method used in the study is a convenient method for performance measurement and yields satisfactory results. Another study applying the integrated method used in this study is not met in the literature

Keywords

References

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Details

Primary Language

English

Subjects

-

Journal Section

-

Authors

Süleyman Çakır This is me

Selçuk Perçin This is me

Publication Date

November 1, 2013

Submission Date

November 1, 2013

Acceptance Date

-

Published in Issue

Year 2013 Volume: 13 Number: 4

APA
Çakır, S., & Perçin, S. (2013). Performance Measurement of Logistics Firms with Multi-Criteria Decision Making Methods. Ege Academic Review, 13(4), 449-460. https://izlik.org/JA47MS65TR
AMA
1.Çakır S, Perçin S. Performance Measurement of Logistics Firms with Multi-Criteria Decision Making Methods. ear. 2013;13(4):449-460. https://izlik.org/JA47MS65TR
Chicago
Çakır, Süleyman, and Selçuk Perçin. 2013. “Performance Measurement of Logistics Firms With Multi-Criteria Decision Making Methods”. Ege Academic Review 13 (4): 449-60. https://izlik.org/JA47MS65TR.
EndNote
Çakır S, Perçin S (November 1, 2013) Performance Measurement of Logistics Firms with Multi-Criteria Decision Making Methods. Ege Academic Review 13 4 449–460.
IEEE
[1]S. Çakır and S. Perçin, “Performance Measurement of Logistics Firms with Multi-Criteria Decision Making Methods”, ear, vol. 13, no. 4, pp. 449–460, Nov. 2013, [Online]. Available: https://izlik.org/JA47MS65TR
ISNAD
Çakır, Süleyman - Perçin, Selçuk. “Performance Measurement of Logistics Firms With Multi-Criteria Decision Making Methods”. Ege Academic Review 13/4 (November 1, 2013): 449-460. https://izlik.org/JA47MS65TR.
JAMA
1.Çakır S, Perçin S. Performance Measurement of Logistics Firms with Multi-Criteria Decision Making Methods. ear. 2013;13:449–460.
MLA
Çakır, Süleyman, and Selçuk Perçin. “Performance Measurement of Logistics Firms With Multi-Criteria Decision Making Methods”. Ege Academic Review, vol. 13, no. 4, Nov. 2013, pp. 449-60, https://izlik.org/JA47MS65TR.
Vancouver
1.Süleyman Çakır, Selçuk Perçin. Performance Measurement of Logistics Firms with Multi-Criteria Decision Making Methods. ear [Internet]. 2013 Nov. 1;13(4):449-60. Available from: https://izlik.org/JA47MS65TR