TY  - JOUR
T1  - Financial Performance Evaluation of Food and Drink Index Using Fuzzy MCDM Approach
TT  - Financial Performance Evaluation of Food and Drink Index Using Fuzzy MCDM Approach
AU  - Aldalou, Eyad
AU  - Perçin, Selçuk
PY  - 2019
DA  - March
DO  - 10.20979/ueyd.650422
JF  - Uluslararası Ekonomi ve Yenilik Dergisi
JO  - UEYD
PB  - Seyfettin ARTAN
WT  - DergiPark
SN  - 2149-6838
SP  - 1
EP  - 19
VL  - 6
IS  - 1
LA  - en
AB  - Performanceevaluation presents a very complex field involving different criteria andcontradicted information. Though, there is an insisting need to a reliable andconsistent approach where the application procedures are not complicated. Inthis study, a fuzzy MCDM approach is developed to evaluate the financialperformance of companies listed in food and drink index of Istanbul StockExchange. Financial ratios were identified to create a base for financialperformance evaluation in the areas of: profitability, efficiency, growth,liquidity, leverage and market ratios. Weight coefficients were obtained by theobjective method of FSE. Evaluation and ranking were made on the base of thenew method of FEDAS. In order to test the reliability of the approach asensitivity analysis is conducted based on CRITIC weighting method. Comparisonwith FTOPSIS, FVIKOR, FCOPRAS, FMOORA and FSAW methods and spearman correlationare conducted to test validity of the proposed approach. The proposed approach isreliable and provides the most suitable result comparing with other MCDMmethods, and has a strong positive correlation with average results.
KW  - Fuzzy EDAS
KW  - Financial Performance Evaluation
KW  - Food and Drink Index
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UR  - https://doi.org/10.20979/ueyd.650422
L1  - https://dergipark.org.tr/tr/download/article-file/1004156
ER  -