An FAHP-TOPSIS framework for analysis of the employee productivity in the Serbian electrical power companies

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.

A Fully Completed Spherical Fuzzy Data-Driven Model for Analyzing Employee Satisfaction in Logistics Service Industry

“…Regarding employee productivity and selection, Knežević et al [71] integrated fuzzy sets and TOPSIS to analyze employee productivity in selected D-electrical power supply companies operating in Serbia. Thus, Safari et al [72] ranked bank branches based on employee empowerment using fuzzy AHP and Vlse Kriterijumska Optimizacija Kompromisno Resenje (VIKOR) methods to determine the weights of the criteria and rank the branches based on eight indexes that have a significant impact on employee empowerment.…”

A Fahp and Vikor Method for Evaluation of the Financial Performance of Agriculture Companies Listed on the Belgrade Stock Exchange

“…Much of the research uses the AHP method in the first phase, to address the priority weights of criteria used by FAHP (Meixner, 2009, Knežević et al, 2017, and in the second is specifically tailored to the objectives of the work in different fields of observation. Various problems in agriculture were discussed using the AHP model (Bogdanović & Hadžić, 2019;Ali et al, 2021;Veisi et al, 2022).…”