An integrated AHP-modified VIKOR model for financial performance modeling in retail and wholesale trade companies

Gong, 2019, When to increase firms’ sustainable operations for efficiency? A data envelopment analysis in the retailing industry, European J. Oper. Res., 277, 1010, 10.1016/j.ejor.2019.03.019 Anderson, 2010, Occupational fatalities, injuries, illnesses, and related economic loss in the wholesale and retail trade sector, Amer. J. Ind. Med., 53, 673, 10.1002/ajim.20813 Putz Anderson, 2020, Wholesale and retail trade sector occupational fatal and nonfatal injuries and illnesses from 2006 to 2016: Implications for intervention, Amer. J. Ind. Med., 63, 121, 10.1002/ajim.23063 Drake, 2012, Financial ratio analysis Evans, 2014, Retailing and the period leading up to the great recession: a model and a 25-year financial ratio analysis of US retailing, Int. Rev. Retail Distrib. Consum. Res., 24, 30 Yurdakul, 2005, Development of a performance measurement model for manufacturing companies using the AHP and TOPSIS approaches, Int. J. Prod. Res., 43, 4609, 10.1080/00207540500161746 Gu, 2017, The impact of information integration on financial performance: A knowledge-based view, Int. J. Prod. Econ., 191, 221, 10.1016/j.ijpe.2017.06.005 Shen, 2017, Financial modeling and improvement planning for the life insurance industry by using a rough knowledge based hybrid MCDM model, Inform. Sci., 375, 296, 10.1016/j.ins.2016.09.055 Ic, 2021, Development of a multi-criteria decisionmaking model for comparing the performance of turkish commercial banks, J. Adv. Manage. Res., 18, 250, 10.1108/JAMR-05-2020-0083 Pandey, 2014, A unified strategy for forecasting of a new product, Decision, 41, 411, 10.1007/s40622-014-0065-x Guru, 2020, Ranking of perceived risks in online shopping, Decision, 47, 137, 10.1007/s40622-020-00241-x Saaty, 2012 Albayrak, 2010, Analytic hierarchy process approach in bank performance evaluation, İtüdergİsİ/D, 4 Lixin, 2008, Selection of logistics service provider based on analytic network process and VIKOR algorithm, 1207 Ertuğrul, 2009, Performance evaluation of bank branches with vikor method, J. Ind. Eng. (Turk. Cham. Mech. Eng.), 20, 19 T. Hunjak, D. Jakovčević, AHP based model for bank performance evaluation and rating, in: Proceedings of 6th International Symposium on Analytic Hierarchy Process (ISAHP 2001), Berne, Switzerland, 2001, pp. 149–158. Bayrakdaroğlu, 2008, Türkiye’deki bankaların performansının analitik hiyerarşi süreci ile değerlendirilmesi üzerine bir model önerisi, tüi̇k- 17, İstatist. Araştırma Semp. Bild. Kitabı, 32 Tsai, 2010, An effective evaluation model and improvement analysis for national park websites: A case study of Taiwan, Tour. Manag., 31, 936, 10.1016/j.tourman.2010.01.016 Deb, 2014, Evaluation of retail service quality using analytic hierarchy process, Int. J. Retail Distrib. Manage., 10.1108/IJRDM-12-2013-0217 Chiang, 2010, An analytic hierarchy process approach to assessing consumers’ distribution channel preference, Int. J. Retail Distrib. Manage., 38, 78, 10.1108/09590551011020101 Ho, 2011, Combined DEMATEL technique with a novel MCDM model for exploring portfolio selection based on CAPM, Expert Syst. Appl., 38, 16, 10.1016/j.eswa.2010.05.058 Chen, 2011, A balanced scorecard approach to establish a performance evaluation and relationship model for hot spring hotels based on a hybrid MCDM model combining DEMATEL and ANP, Int. J. Hosp. Manag., 30, 908, 10.1016/j.ijhm.2011.02.001 Pineda, 2018, An integrated MCDM model for improving airline operational and financial performance, J. Air Transp. Manage., 68, 103, 10.1016/j.jairtraman.2017.06.003 Erdoğan, 2016, Comparison of multi criteria decision making (MCDM) methods with respect to performance of food firms listed in BIST, Copernican J. Finance Account., 5, 67, 10.12775/CJFA.2016.004 Chang, 2013, Combined MCDM approaches for century-old Taiwanese food firm new product development project selection, Br. Food J., 115, 1197, 10.1108/BFJ-08-2011-0204 Shaverdi, 2016, Combining fuzzy AHP and fuzzy TOPSIS with financial ratios to design a novel performance evaluation model, Int. J. Fuzzy Syst., 18, 248, 10.1007/s40815-016-0142-8 Shaverdi, 2016, Combining fuzzy AHP and fuzzy TOPSIS with financial ratios to design a novel performance evaluation model, Int. J. Fuzzy Syst., 18, 248, 10.1007/s40815-016-0142-8 Chand, 2018, ANP-MOORA-based approach for the analysis of selected issues of green supply chain management, Benchmark. Int. J., 25, 642, 10.1108/BIJ-11-2016-0177 Sharma, 2020, Parametric review of food supply chain performance implications under different aspects, J. Adv. Manage. Res., 17, 421, 10.1108/JAMR-10-2019-0193 Pathak, 2020, Performance obstacles in sustainable manufacturing–model building and validation, J. Adv. Manage. Res., 17, 549, 10.1108/JAMR-03-2020-0031 Baležentis, 2012, An integrated assessment of Lithuanian economic sectors based on financial ratios and fuzzy MCDM methods, Technol. Econ. Dev. Econ., 18, 34, 10.3846/20294913.2012.656151 Abdel-Basset, 2020, An integrated plithogenic MCDM approach for financial performance evaluation of manufacturing industries, Risk Manage., 22, 192, 10.1057/s41283-020-00061-4 Moghimi, 2014, An integrated fuzzy MCDM approach and analysis to evaluate the financial performance of Iranian cement companies, Int. J. Adv. Manuf. Technol., 71, 685, 10.1007/s00170-013-5370-6 Kou, 2014, Evaluation of clustering algorithms for financial risk analysis using MCDM methods, Inform. Sci., 275, 1, 10.1016/j.ins.2014.02.137 Kung, 2011, A fuzzy MCDM method to select the best company based on financial report analysis, 2013 Mills, 2020, A hybrid grey MCDM approach for asset allocation: evidence from China’s shanghai stock exchange, J. Bus. Econ. Manage., 21, 446, 10.3846/jbem.2020.11967 Alimohammadlou, 2017, A novel hybrid MCDM model for financial performance evaluation in Irans food industry, Account. Financ. Control, 1, 38, 10.21511/afc.01(2).2017.05 Baydaş, 2021, An objectıve criteria proposal for the comparison of MCDM and weighting methods in financial performance measurement: An application in Borsa Istanbul, Decis. Mak. Appl. Manage. Eng., 4, 257, 10.31181/dmame210402257b Aduba, 2022, Framework for firm-level performance evaluations using multivariate linear correlation with MCDM methods: application to Japanese firms, Asia-Pac. J. Reg. Sci., 6, 1, 10.1007/s41685-021-00213-8 Saaty, 2006, vol. 6 Opricovic, 2007, Extended VIKOR method in comparison with other outranking meth-ods, European J. Oper. Res., 178, 514, 10.1016/j.ejor.2006.01.020 Sen, 1998 Brauers, 2013, Multi-objective seaport planning by MOORA decision making, Ann. Oper. Res., 206, 39, 10.1007/s10479-013-1314-7 Gorton, 2021 Safari, 2020, The effectiveness of quality awards on the company’s performance–the case of Iran’s national quality awards, Benchmark. Int. J., 27, 1319, 10.1108/BIJ-12-2018-0409 İç, 2020, A multi-objective credit evaluation model using MOORA method and goal programming, Arab. J. Sci. Eng., 45, 2035, 10.1007/s13369-019-03930-7 2022 de Andrade, 2020, Performance of TV programs: a robust MCDM approach, Benchmark. Int. J. Alinezhada, 2011, Sensitivity analysis of TOPSIS technique: The results of change in the weight of one attribute on the final ranking of alternatives, J. Optim. Ind. Eng., 7, 23 Gokpinar, 2019, Analysis of performance improvement brought by the application of an ISO 9001 quality management system with TOPSIS approach, Int. J. Knowl.-Based Organ. (IJKBO), 9, 1, 10.4018/IJKBO.2019070101