Evaluation and ranking the companies of auto and spare parts industry accepted in Tehran Stock Exchange using FAHP and VIKOR

ABSTRACT: Financial performance evaluation for manufacturing industry is very critical in comparative environment. So, accurate and proper performance evaluation is very important. As financial performance indicators reflect the competitiveness of a company, they must be indentified accurately in evaluation process. The aim of this research is to propose a model for performance evaluation and ranking the companies of auto and spare parts of accepted in Tehran Stock Exchange.In this study we utilized expert opinions to identify indicators and criteria of financial performance evaluation based on Valued Financial Performance (VFP) and Accounting Financial Performance (AFP). Then a Fuzzy Analytic Hierarchical Process (FAHP) is employed to determine the weights of criteria. In the end to rank the companies, VIKOR methodology is applied.