Combining grey relation analysis with FMCGDM to evaluate financial performance of Taiwan container lines

Abstract

In this paper, we combine grey relation analysis with fuzzy multi-criteria group decision-making (FMCGDM) to evaluate financial performance of Taiwan container lines. In the evaluating process, we apply grey relation analysis to partition financial ratios into several clusters, and find representative indices from the clusters. These representative indices are considered as evaluation criteria on financial performance assessments. Then an FMCGDM method is utilized to evaluate the financial performance of Taiwan container lines. By the evaluation, one container line can realize the finance competitive strength on container shipping market.