An FAHP-TOPSIS framework for analysis of the employee productivity in the Serbian electrical power companies
Journal Title: Management: Journal of Sustainable Business and Management Solutions in Emerging Economies - Year 2017, Vol 22, Issue 2
Abstract
The aim of this paper is to apply an integrated model, which combines methods of classical and fuzzy Multi-criteria decision making (MCDM) in selected six large equity companies from the Serbian energy sector. The data considered are retrieved from the official financial statements. Four main criteria were analyzed, identified by the previous researchers and pointing to the employees’ productivity: Operating income/Number of employees, Equity/Number of employees, Net income/Number of employees and Total assets/Number of employees. The contribution of this paper lies in the application of a hybrid model that integrates two MCDM methods: Fuzzy Analytic Hierarchy Process (FAHP) and Technique for Order Performance by Similarity to Ideal Solution (TOPSIS) to analyse the employee productivity in selected D-Electrical power supply companies operating in Serbia. The FAHP is an effective method for mathematical representation of uncertain and imprecise evaluations made by humans, while the TOPSIS method is an efficient way to rank the alternatives. Results show that operating income is of highest importance for estimating employee productivity and decision making, while equity is of the weakest. Furthermore, the most productive operations in large enterprises from selected companies of the sector D-Electrical power supply are found in the company PC EPS Beograd, and the lowest are in the ED Center llc Kragujevac.
Authors and Affiliations
Snezana Knežević, Ksenija Mandić, Aleksandra Mitrović, Veljko Dmitrović, Boris Delibašić
Keywords
Related Articles
- EP ID EP507072
- DOI 10.7595/management.fon.2017.0011
- Views 87
- Downloads 0
The Potential of The Big Data Implementation, in Serbia, in the context of Marketing Research
Research question: Big Data represents a true business revolution in many areas, and, as such, in marketing research, as well. The subject of this study is the analysis of the existing stage, as well as of the achieved r...
Key factors of project success in family small and medium-sized companies: the theoretical review
The paper proposes a systematization of the key success factors of projects, through the theoretical review of family-owned companies operating in the EU market. It is the small and medium companies that in their own way...
Examining the Value of Monte Carlo Simulation for Project Time Management
Research Question: This paper investigates whether the Monte Carlo simulation can be widely used as a practicable method for the analysis of the risks that impact project duration. Motivation: The main goal was to explor...
Leadership and motivation among employees in health-care facilities in Serbia
Reserarch question: This paper investigates whether motivational factors have influence on the work of employees in health care organizations of Serbia and what factors affect employees. Motivation: Motivation and job sa...
The Role of Higher Education in National Quality Infrastructure Policy-Making
The aim of the paper is to raise awareness of the importance of the policy makers’ knowledge and expertise about quality infrastructure (QI) for the successful policy-making. This article, which addresses the role of hig...