Fuzzy Modeling of Customized Solutions for Corporate Performance Assessment

Marius Pîslaru (), Silvia Avasilcăi () and Lidia Elena Alexa ()
Additional contact information
Marius Pîslaru: “Gheorghe Asachi” Technical University of Iasi
Silvia Avasilcăi: “Gheorghe Asachi” Technical University of Iasi
Lidia Elena Alexa: “Gheorghe Asachi” Technical University of Iasi

A chapter in Eurasian Business Perspectives, 2019, pp 255-266 from Springer

Abstract: Abstract The social environment in which corporations operate is affected by their actions but equally corporations experience the pressures of society. The idea that the economic environment is currently in a transition phase from the knowledge-based economy and society to the innovation economy and society is strongly emphasized by the policy makers and experts’ publications and reports underlining the pressure the companies are under in order to adjust to the environmental and economic changes and to become more competitive. The paper aims to develop and test, in a textile company from Iasi, a performance assessment model based on fuzzy modelling techniques. In order to assess corporate performance Balanced Scorecard approach was considered based on fuzzy technique. The corporate performance using lagging and leading indicators suggests that business performance should be evaluated not only by using financial indicators but also by simultaneously considering non-financial indicators. This way, it is possible to evaluate the business performance from a strategic perspective, taking into account not only past results but also leading indicators. The fuzzy it is suitable for industrial firms to monitor the performance indicators that can contribute to a sustainable competitive position.

Keywords: Corporate performance assessment; Fuzzy modeling; Expert system design; Decision making (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:eurchp:978-3-030-11872-3_17

Ordering information: This item can be ordered from
http://www.springer.com/9783030118723

DOI: 10.1007/978-3-030-11872-3_17

Access Statistics for this chapter

More chapters in Eurasian Studies in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().