Handling multicriteria fuzzy decision-making problems based on vague set theory
Fuzzy Sets and Systems
Aggregation of fuzzy opinions under group decision making
Fuzzy Sets and Systems
Fuzzy credibility relation method for multiple criteria decision-making problems
Information Sciences: an International Journal
A new approach for ranking fuzzy numbers by distance method
Fuzzy Sets and Systems
Extensions of the TOPSIS for group decision-making under fuzzy environment
Fuzzy Sets and Systems
Expert Systems with Applications: An International Journal
Application of TOPSIS in evaluating initial training aircraft under a fuzzy environment
Expert Systems with Applications: An International Journal
Generalizing TOPSIS for fuzzy multiple-criteria group decision-making
Computers & Mathematics with Applications
A clustering method to identify representative financial ratios
Information Sciences: an International Journal
Applying FMCDM to evaluate financial performance of domestic airlines in Taiwan
Expert Systems with Applications: An International Journal
A decision support system for supplier selection based on a strategy-aligned fuzzy SMART approach
Expert Systems with Applications: An International Journal
Expert Systems with Applications: An International Journal
Expert Systems with Applications: An International Journal
A novel approach to construct grey principal component analysis evaluation model
Expert Systems with Applications: An International Journal
Extension of fuzzy TOPSIS method based on interval-valued fuzzy sets
Applied Soft Computing
Fuzzy Sets and Systems
International Journal of Computer Mathematics
Hi-index | 12.05 |
The international trade of Korea and Taiwan has been heavily dependent upon international seatransportation owing to geo-political aspects. Therefore, the two countries have exerted to develop and promote ocean-going shipping industry in order to support their economies. Recent financial crisis in together with the economic slowdown has reduced seaborne trade cargoes, which resulted in remarkably deteriorated revenues of the container shipping sector. Major container shipping companies of both countries such as Evergreen, Yang Ming, Hyundai, and Hanjin under our study are no exception. This paper intends to achieve two-fold aims. The first applies entropy to find the relative weights of financial ratios of the four companies each year. In so doing, we can find the weights variance for the period of 1999-2009 based on the financial performance of the above companies. The second is to rank the companies in the period by grey relation analysis. On the basis of findings in this paper, we suggest business policy implications to mitigate impacts of the financial tsunami in the context of world shipping area.