International Journal of Advances in Applied Computational Intelligence
IJAACI
2833-5600
10.54216/IJAACI
https://www.americaspg.com/journals/show/2064
2022
2022
Neutrosophic Combinative Distance-based Assessment (CODAS) Method for Evaluating the Financial and Operational Performance of Shipping Companies
Faculty of Information Systems and Computer Science, October 6th University, Cairo, Egypt
Alber S.
Aziz
Stakeholders must evaluate the efficiency, profitability, risk management, and overall operational effectiveness of shipping businesses by analyzing their financial and operational performance. Revenue, expenses, fleet utilization, accident rates, market share, and competitive advantage are only a few of the parameters that must be analyzed in this procedure. Stakeholders may use this information to make better choices, spot weak spots, and measure up to competitors. An overview of the criteria used to evaluate the financial and operational performance of shipping businesses is provided in this paper, together with an emphasis on the importance of such assessments in enabling strategic decision-making and long-term development within the shipping sector. This paper used the neutrosophic set framework to overcome the uncertain data. The neutrosophic set combined with the combinative distance-based assessment (CODAS) method to evaluate the financial and operational performance of shipping companies. There are ten criteria and eight companies are used in this study. The application shows the results of the proposed method.
2023
2023
28
36
10.54216/IJAACI.040103
https://www.americaspg.com/articleinfo/31/show/2064