Economic Analysis: Theory and Practice
 

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Rating tools to assess the economic status of enterprises

Vol. 13, Iss. 36, SEPTEMBER 2014

Available online: 25 September 2014

Subject Heading: METHODS OF ANALYSIS

JEL Classification: 

Pages: 2-12

Bat'kovskii A.M. Central Research Institute of Economics, Control Systems and Information "Electronics", Moscow, Russian Federation
batkovskiy_a@instel.ru

Trofimets V.Ya. Yaroslavl Demidov State University, Yaroslavl, Russian Federation
zemifort@inbox.ru

Trofimets E.N. Yaroslavl State Technical University, Yaroslavl, Russian Federation
zemifort@inbox.ru

The authors present a set of economic and mathematical tools to rate the economic status of enterprises under the analytic hierarchy process method. The method serves to solve a wide variety of analytical tasks of multicriteria choice, primarily when holding tenders and awarding contracts for goods, works and services procurement to supply public and municipal needs. The analytic hierarchy process is a relatively simple and effective way to measure various factors influencing the economic status of enterprises through the pairwise relative comparison of these factors. The analytic hierarchy process also enables to calculate corresponding ratio scale priorities between the factors, to rank them by all criteria, to build a hierarchy of the criteria, and to apply a pairwise comparison. The proposed economic and mathematical tools develop the analytic hierarchy process through developing an integral scorecard rating of economic status of enterprises, indicative scales of integral indicators of the rating, and a procedure for building coordinated intervals. The authors present a system of indicators and computation algorithms, which implement the analytic hierarchy process while solving the analytical task under consideration. The system of indicators and computation algorithms are universal and can serve to solve other tasks of the given class. The authors also present a computation procedure, which is based on the calculation of geometric mean values by matrix rows with their subsequent normalization. The procedure develops the method of analytic hierarchy process and enables to obtain integrated ratings of economic status of enterprises. Most of the procedures are of formalized and strictly justified nature. This fact significantly reduces the level of subjectivity inherent in all existing techniques with the elements of expert review. Therefore, the implementation of the tools can significantly increase the feasibility and effectiveness of solving a large number of analytical tasks. The article provides the rating tools' testing and possible practical application.

Keywords: rating, companies, analytic hierarchy process, economic status, tools, performance

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