Performance Evaluation of Iran Cement Companies based on AHP and TOPSIS Methods

A firm performance evaluation and its comparison with other companies can help the investors to reach the investment goals. Purpose of this study is representing manners which select the problem and solve ranking optimally by multi criteria decision making methods and by high ability. If the manners are combined correctly, by power keeping of each ways, its weakness will be offset by other powers. In this research, the method is measuring descriptive method and based on and practical applicable goals. For using conceptual model in the companyʹs performance evaluation, statistical society is all cement companies which accepted in Tehran Exchange Markets since (1379 to1388). In this study, a combined method (TOPSIS- AHP) in the companyʹs performance evaluation is presented by financial ratios. Financial ratios weights respected to views of different groups of experts are determined by AHP and thus, each ratio is used by its importance in the performance of firm evaluation and ranking of each firm is determined by TOPSIS method. based on implemented ranking, Ardabil and Azar Shahr lime cement company have the first ranking indicates that some criteria such as growth , profitability , liquidity , activity and financial leverage are combined method (TOPSIS-AHP) is better than uncombined one.