Combining grey relation analysis with FMCGDM to evaluate financial performance of Taiwan container lines
In this paper, we combine grey relation analysis with fuzzy multi-criteria group decision-making (FMCGDM) to evaluate financial performance of Taiwan container lines. In the evaluating process, we apply grey relation analysis to partition financial ratios into several clusters, and find representative indices front the Clusters. These representative indices are considered as evaluation criteria on financial performance assessments. Then all FMCGDM method is utilized to evaluate the financial performance of Taiwan container lines. By the evaluation, one container line can realize the finance competitive strength oil container shipping market. (C) 2007 Elsevier Ltd. All rights reserved.
grey relation analysis fmcgdm financial performance container lines representative indices