Evaluating Business Performance Using Data Envelopment Analysis and Grey Relational Analysis (CROSBI ID 67590)
Prilog u knjizi | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Škrinjarić, Tihana ; Šego, Boško
engleski
Evaluating Business Performance Using Data Envelopment Analysis and Grey Relational Analysis
Financial ratios are used in a variety of ways today. Empirical research is getting bigger, with a special focus on predicting business failure, the strength of a company, investment decision making, etc. This chapter focuses on two methodologies suitable to deal with many data to evaluate business performance. They are data envelopment analysis and grey relational analysis. The empirical part of the chapter conducts an empirical analysis with the aforementioned two approaches. Firms are ranked based on their performances and detailed interpretations are obtained so that managers within businesses can get useful information on how to utilize such an approach to modelling. This study implicates that using the two mentioned approaches can be useful when making investment decisions based on many data available for the decision maker. This is due to the methodology being suitable to handle big data and correctly quantifying the overall financial performance of a company.
DEA ; performance gauging, business performance ; Grey analysis
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Podaci o prilogu
115-148.
objavljeno
10.4018/978-1-7998-3053-5.ch007
Podaci o knjizi
Handbook of Research on Engineering, Business, and Healthcare Applications of Data Science and Analytics
Patil, Bhushan ; Vohra, Manisha
Hershey (PA): IGI Global
2021.
9781799830542