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Applying Improved DEA & VIKOR Methods to Evaluate the Operation Performance for World's Major TFT–LCD Manufacturers

Author

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  • Zon-Yau Lee

    (Department of International Business, Kainan University, No. 1 Kainan Road, Luzhu Shiang, Taoyuan 33857, Taiwan)

  • Chung-Che Pai

    (Department of Air Transportation, Kainan University, No. 1 Kainan Road, Luzhu Shiang, Taoyuan 33857, Taiwan)

Abstract

The whole panel industry has been impacted profoundly by global recession from 2007 to 2009, and the TFT–LCD industry is not an exception. Currently, the major TFT–LCD manufacturers cluster in South Korea, Taiwan and Japan, which totally contribute more than 80% sales in global market. All these TFT–LCD manufacturers face the five industry characteristics, including intensive capital, intensive technology, short product life cycle and fast technology advancement, fluctuating prices easily influenced by market demand/supply and business cycle, and international collaboration. In view of rapid growth of global demand, TFT–LCD manufacturers face a tremendous competition environment. Therefore, how to configure the best resource allocation and create more profits tend to be an essential issue for the managers of TFT–LCD industry. This paper employs improved DEA and VIKOR to evaluate the dynamic operation performances for TFT–LCD manufacturers in Taiwan, South Korea and Japan from 2002 to 2009. Research results show that South Korean firms have relatively better stable operation performances, while the performance of the firms in Taiwan and Japan are relatively worse and varied over time. After referring to the disclosure statements and industrial experts' opinions, this paper also portraits the reason of Sony with great performance in 2007 was resulted from the sales boost of high-level touch panels which leads to 50% high gross profit ratio and rapidly increasing pre-tax profit in 2007. As a result, how to develop high-level or multi-function panels might be an essential issue for the TFT–LCD manufacturers in Taiwan.

Suggested Citation

  • Zon-Yau Lee & Chung-Che Pai, 2015. "Applying Improved DEA & VIKOR Methods to Evaluate the Operation Performance for World's Major TFT–LCD Manufacturers," Asia-Pacific Journal of Operational Research (APJOR), World Scientific Publishing Co. Pte. Ltd., vol. 32(03), pages 1-33.
    • Handle: RePEc:wsi:apjorx:v:32:y:2015:i:03:n:s0217595915500207
    DOI: 10.1142/S0217595915500207
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    References listed on IDEAS

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    1. Joseph Y.S. Cheng, 1977. "Sino-Japanese Relations in Ikeda's Premiership," China Report, , vol. 13(2), pages 44-60, March.
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    Cited by:

    1. Hisham Alidrisi, 2021. "An Innovative Job Evaluation Approach Using the VIKOR Algorithm," JRFM, MDPI, vol. 14(6), pages 1-19, June.
    2. Jamal Ouenniche & Kais Bouslah & Blanca Perez-Gladish & Bing Xu, 2021. "A new VIKOR-based in-sample-out-of-sample classifier with application in bankruptcy prediction," Annals of Operations Research, Springer, vol. 296(1), pages 495-512, January.
    3. James C. Chen & Tzu-Li Chen & Bayu Rezki Pratama & Qian-Fang Tu, 2018. "Capacity planning with ant colony optimization for TFT-LCD array manufacturing," Journal of Intelligent Manufacturing, Springer, vol. 29(8), pages 1695-1713, December.
    4. Ruey-Chyn Tsaur & I-Fei Chen & Yu-Shan Chan, 2017. "TFT-LCD industry performance analysis and evaluation using GRA and DEA models," International Journal of Production Research, Taylor & Francis Journals, vol. 55(15), pages 4378-4391, August.
    5. Zon-Yau Lee & Mei-Tai Chu & Yu-Ting Wang & Kuan-Ju Chen, 2020. "Industry Performance Appraisal Using Improved MCDM for Next Generation of Taiwan," Sustainability, MDPI, vol. 12(13), pages 1-18, June.
    6. Mehdi Soltanifar & Hamid Sharafi, 2022. "A modified DEA cross efficiency method with negative data and its application in supplier selection," Journal of Combinatorial Optimization, Springer, vol. 43(1), pages 265-296, January.

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