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Considering the financial ratios on the performance evaluation of highway bus industry

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  • Cheng-Min Feng
  • Rong-Tsu Wang

Abstract

This paper tries to construct a performance evaluation procedure for highway buses with the financial ratio taken into consideration. First, a conceptual framework is redeveloped, based on the one created by Fielding et al ., to help form evaluation items and performance indicators involving both transport and finance aspects. Second, the total performance is divided into three major kinds of efficiencyproduction, marketing, executionaccording to the cycle of operation activities. Third, to overcome the problems of small sample size and unknown distribution of samples, the grey relation analysis is used to select the representative indicators, and the TOPSIS method is used for the outranking of highway bus. In addition, a case study is conducted using four highway bus companies as example. The empirical result shows that the performance evaluation for highway buses could become more comprehensive if financial ratios are considered.

Suggested Citation

  • Cheng-Min Feng & Rong-Tsu Wang, 2001. "Considering the financial ratios on the performance evaluation of highway bus industry," Transport Reviews, Taylor & Francis Journals, vol. 21(4), pages 449-467, January.
    • Handle: RePEc:taf:transr:v:21:y:2001:i:4:p:449-467
    DOI: 10.1080/01441640010020304
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    Cited by:

    1. Serhat KARAOGLAN & Serap SAHIN, 2018. "BIST XKMYA Isletmelerinin Finansal Performanslarinin Cok Kriterli Karar Verme Yontemleri Ile Olcumu ve Yontemlerin Karsilastirilmasi," Ege Academic Review, Ege University Faculty of Economics and Administrative Sciences, vol. 18(1), pages 63-80.
    2. J. F. Juliá-Igual & R. Cervelló-Royo & I. Berné-Lafuente, 2017. "Market value analysis of a Chinese e-commerce holding group: a multicriteria approach," Service Business, Springer;Pan-Pacific Business Association, vol. 11(3), pages 475-490, September.
    3. Mahmut MASCA, 2017. "Economic Performance Evaluation of European Union Countries by Topsis Method," North Economic Review, Technical University of Cluj Napoca, Department of Economics and Physics, vol. 1(1), pages 83-94, October.
    4. Sobhani, Md. Golam & Imtiyaz, Md. Nafis & Azam, Md. Shafiul & Hossain, Moinul, 2020. "A framework for analyzing the competitiveness of unconventional modes of transportation in developing cities," Transportation Research Part A: Policy and Practice, Elsevier, vol. 137(C), pages 504-518.
    5. Wang, Rong-Tsu & Ho, Chien-Ta & Feng, Cheng-Min & Yang, Yung-Kai, 2004. "A comparative analysis of the operational performance of Taiwan's major airports," Journal of Air Transport Management, Elsevier, vol. 10(5), pages 353-360.
    6. Aznar Bellver, Jerónimo & Cervelló Royo, Roberto & García García, Fernando, 2011. "Una alternativa multicriterio a la valoración de empresas: aplicación a las Cajas de Ahorro/A Multicriteria Alternative to Companies’ Valuation: Application to a Spanish Savings Bank," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 29, pages 393(16á.)-3, Abril.
    7. Salih YILDIZ & Emel YILDIZ, 2015. "Service Quality Evaluation of Restaurants Using The Ahp And Topsis Method," Journal of Social and Administrative Sciences, KSP Journals, vol. 2(2), pages 53-61, June.
    8. Daniel R. Georgiadis & Thomas A. Mazzuchi & Shahram Sarkani, 2013. "Using multi criteria decision making in analysis of alternatives for selection of enabling technology," Systems Engineering, John Wiley & Sons, vol. 16(3), pages 287-303, September.
    9. Alaa Alden Al Mohamed & Sobhi Al Mohamed & Moustafa Zino, 2023. "Application of fuzzy multicriteria decision-making model in selecting pandemic hospital site," Future Business Journal, Springer, vol. 9(1), pages 1-22, December.
    10. Mohammed Said Obeidat & Tarek Qasim & Aseel Khanfar, 2018. "Implementing the AHP multi-criteria decision approach in buying an apartment in Jordan," Journal of Property Research, Taylor & Francis Journals, vol. 35(1), pages 53-71, January.
    11. Wanke, Peter & Pestana Barros, Carlos & Chen, Zhongfei, 2015. "An analysis of Asian airlines efficiency with two-stage TOPSIS and MCMC generalized linear mixed models," International Journal of Production Economics, Elsevier, vol. 169(C), pages 110-126.
    12. Schneider, Frank, 2008. "Multiple criteria decision making in application layer networks," Bayreuth Reports on Information Systems Management 36, University of Bayreuth, Chair of Information Systems Management.

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