Ranking Active Companies in Cement Industry with the Combined Approach of Grey Relational Analysis and Data Envelopment Analysis

investors can choose different companies for investment based on the financial ratios analysis. Financial ratios can be used to measure the performance and determine the performance standards. In this paper, financial ratios of 26 active companies in Tehran Stock Exchange (in cement sector) between 2013 and 2016 have been collected; then, the active companies in the cement indust ry are ranked through using the combined method of Grey Relational Analysis (GRA) and Data Envelopment Analysis (DEA). Finally, the results of this study can help investors to choose the top companies for investment in terms of the financial ratios

کلیدواژه ها:

Grey Relational Analysis ، Data Envelopment Analysis ، Financial Ratios