Performance Evaluation of Construction Companies in Malaysia with Entropy-VIKOR Model
Keywords:conceptual framework, performance assessment, VIKOR, multi-criteria decision making
Construction industry is an important industry that has an enormous impact on the country’s economic development. Nowadays, the government strives to encourage the construction industry to develop the advanced and modern infrastructure that related to health, transport, education, and housing. As a result, the Malaysian construction sector companies’ financial performance is studied in this paper based on the crucial financial ratios. This paper aims to assess and compare the Malaysian construction sector companies’ financial performance based on Entropy-VIKOR model. In this paper, the listed construction companies in Malaysia are investigated. The findings of this paper demonstrate that ZECON, DKLS, GADANG, TRIPLC, and MELATI are ranked as the top five construction companies based on the proposed model. The importance of this paper is to assess the construction companies’ financial performance as well as identify the weights of the financial ratios in assessing the Malaysian construction sector companies’ financial performance with the proposed Entropy-VIKOR model.
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