A study comparative of PSI, PSI-TOPSIS, and PSI-MABAC methods in analyzing the financial performance of state-owned enterprises companies listed on the Indonesia stock exchange
This research provides deeper insight into the advantages and disadvantages of each MCDM method in the context of evaluating SOE performance rankings. This research also shows the peformance of PSI which is used singly and integrated with other MCDM methods to determine the company’s financial healt...
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| Format: | Article |
| Language: | English |
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University of Belgrade
2025-01-01
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| Series: | Yugoslav Journal of Operations Research |
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| Online Access: | https://doiserbia.nb.rs/img/doi/0354-0243/2025/0354-02432400017W.pdf |
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| _version_ | 1849245598628184064 |
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| author | Wardany Rizky Nabila Zahedi |
| author_facet | Wardany Rizky Nabila Zahedi |
| author_sort | Wardany Rizky Nabila |
| collection | DOAJ |
| description | This research provides deeper insight into the advantages and disadvantages of each MCDM method in the context of evaluating SOE performance rankings. This research also shows the peformance of PSI which is used singly and integrated with other MCDM methods to determine the company’s financial health. Financial health can be reviewed through the company’s financial performance based on its financial ratios. The financial ratio criteria used include Current Ratio (CR), Debt to Equity Ratio (DER), Total Asset Turnover (TATO), and Return on Asset (ROA) as the basis for ranking. The Preference Selection Index (PSI) method is used to determine the weight of criteria and analyze the company's ranking through the identified criteria, while the Preference Selection Index-Technique for Order of Preference by Similarity to Ideal Solution (PSI-TOPSIS) and Preference Selection Index-Multi-Attributive Border Approximation Area Comparison methods (PSI-MABAC) is used to continue the weighting process on the PSI method with the results of the rankings of state-owned companies listed on the IDX. The Spearman rank correlation was determined to compare the PSI, PSI-TOPSIS, and PSI-MABAC methods. The results of the comparative analysis showed that PSI-TOPSIS and PSI-MABAC had a greater correlation compared to PSI. |
| format | Article |
| id | doaj-art-466cdc70f3924839a4450c6c68fbbc7f |
| institution | Kabale University |
| issn | 0354-0243 1820-743X |
| language | English |
| publishDate | 2025-01-01 |
| publisher | University of Belgrade |
| record_format | Article |
| series | Yugoslav Journal of Operations Research |
| spelling | doaj-art-466cdc70f3924839a4450c6c68fbbc7f2025-08-20T03:58:45ZengUniversity of BelgradeYugoslav Journal of Operations Research0354-02431820-743X2025-01-0135231333010.2298/YJOR240115017W0354-02432400017WA study comparative of PSI, PSI-TOPSIS, and PSI-MABAC methods in analyzing the financial performance of state-owned enterprises companies listed on the Indonesia stock exchangeWardany Rizky Nabila0https://orcid.org/0009-0004-6314-3399Zahedi1https://orcid.org/0000-0002-5579-7024Department of Mathematics, Faculty of Mathematics and Natural Sciences, Universitas Sumatera Utara, USU Campus Padang Bulan, Medan, IndonesiaDepartment of Mathematics, Faculty of Mathematics and Natural Sciences, Universitas Sumatera Utara, USU Campus Padang Bulan, Medan, IndonesiaThis research provides deeper insight into the advantages and disadvantages of each MCDM method in the context of evaluating SOE performance rankings. This research also shows the peformance of PSI which is used singly and integrated with other MCDM methods to determine the company’s financial health. Financial health can be reviewed through the company’s financial performance based on its financial ratios. The financial ratio criteria used include Current Ratio (CR), Debt to Equity Ratio (DER), Total Asset Turnover (TATO), and Return on Asset (ROA) as the basis for ranking. The Preference Selection Index (PSI) method is used to determine the weight of criteria and analyze the company's ranking through the identified criteria, while the Preference Selection Index-Technique for Order of Preference by Similarity to Ideal Solution (PSI-TOPSIS) and Preference Selection Index-Multi-Attributive Border Approximation Area Comparison methods (PSI-MABAC) is used to continue the weighting process on the PSI method with the results of the rankings of state-owned companies listed on the IDX. The Spearman rank correlation was determined to compare the PSI, PSI-TOPSIS, and PSI-MABAC methods. The results of the comparative analysis showed that PSI-TOPSIS and PSI-MABAC had a greater correlation compared to PSI.https://doiserbia.nb.rs/img/doi/0354-0243/2025/0354-02432400017W.pdfsoesmcdmhybrid mcdmranking analysisfinancial ratios |
| spellingShingle | Wardany Rizky Nabila Zahedi A study comparative of PSI, PSI-TOPSIS, and PSI-MABAC methods in analyzing the financial performance of state-owned enterprises companies listed on the Indonesia stock exchange Yugoslav Journal of Operations Research soes mcdm hybrid mcdm ranking analysis financial ratios |
| title | A study comparative of PSI, PSI-TOPSIS, and PSI-MABAC methods in analyzing the financial performance of state-owned enterprises companies listed on the Indonesia stock exchange |
| title_full | A study comparative of PSI, PSI-TOPSIS, and PSI-MABAC methods in analyzing the financial performance of state-owned enterprises companies listed on the Indonesia stock exchange |
| title_fullStr | A study comparative of PSI, PSI-TOPSIS, and PSI-MABAC methods in analyzing the financial performance of state-owned enterprises companies listed on the Indonesia stock exchange |
| title_full_unstemmed | A study comparative of PSI, PSI-TOPSIS, and PSI-MABAC methods in analyzing the financial performance of state-owned enterprises companies listed on the Indonesia stock exchange |
| title_short | A study comparative of PSI, PSI-TOPSIS, and PSI-MABAC methods in analyzing the financial performance of state-owned enterprises companies listed on the Indonesia stock exchange |
| title_sort | study comparative of psi psi topsis and psi mabac methods in analyzing the financial performance of state owned enterprises companies listed on the indonesia stock exchange |
| topic | soes mcdm hybrid mcdm ranking analysis financial ratios |
| url | https://doiserbia.nb.rs/img/doi/0354-0243/2025/0354-02432400017W.pdf |
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