Evaluation of the Cost and Profitability Performance by Topsis Method: A Case of Iron Steel Company
AbstractUnder the conditions of global competition, to sustain economic activities, enterprises must choose the most appropriate alternative option in any decision. Multi-Criteria DecisionMaking Methods can be used to express the decisions to be taken with reliable and objective values on behalf of the enterprises. The aim of this study is to evaluate the financial performance of a company traded on the Borsa Istanbul Metal Main Index by using TOPSIS method which is one of the Multi-Criteria DecisionMaking methods. As a result of the analysis, it was seen that the most successful year was 2008 and 2015 was the least successful year. In addition, it was observed that the success ranking in the analysis using cost and profitability ratios did not show a linear improvement over the years.