Applying FAHP and COPRAS methods for evaluating financial performance

In a competitive environment, characterised by the scarcity of resources, performance evaluation and management play a crucial role. One of the main aspects of the organization performance is financial aspect which traditionally be attractive. Because profit is the main goal of many companies, financial performance and evaluation is very important. Most of the economical, industrial, financial or political decision problems aremulti-criteria. The application of multi criteria decision making methods significantly improves the robustness of financial analysis and business decisions in general. In this study, based on six well-known financial performance measures, a multi criteria approach is used for evaluation of automobile parts manufacturer group of Tehran stock exchange (TSE). In this approach, Fuzzy analytic hierarchy process (FAHP) is applied to determine the weight of criterion then companies are ranked according to their financial performance by using Complex Proportional Assessment (COPRAS) method. The finding of this study can help companies identify the important financial measures for have a better recognition of their financial performance.