ANALYSIS OF THE EFFICIENCY OF TRADE IN OIL DERIVATIVES IN SERBIA BY APPLYING THE FUZZY AHP-TOPSIS METHOD

Radojko Lukic ()
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Radojko Lukic: Faculty of Economics, University of Belgrade, Serbia

Business Excellence and Management, 2020, vol. 10, issue 3, 80-98

Abstract: The problem of analyzing trade efficiency is topical, significant and very complex. Multi-criteria decision-making has been increasingly used recently. With that regard, this paper analyzes the efficiency of trade in oil derivatives in Serbia with integrated application of the Fuzzy AHP-TOPSIS method. The results of this study show that of all the observed criteria (earnings, assets, capital, sales and net profit), the most significant are employees` earnings and capital respectively, and that the most effective companies are Daki Petrol, Oil Industry of Serbia (NIS), and Horizon Petrol. The most inefficient companies are Eko Serbia, Lukoil and Naftachem. In order to improve their efficiency in the future, it is necessary to manage assets, capital, sales and profits as efficiently as possible. Likewise, it is imperative that employees' earnings are at an acceptable level in accordance with the business conditions in a given business environment.

Keywords: employees` earnings; assets; capital; sales; profit. (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:rom:bemann:v:10:y:2020:i:3:p:80-98

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