Welcome to Francis Academic Press

Academic Journal of Business & Management, 2023, 5(19); doi: 10.25236/AJBM.2023.051902.

Application of Entropy Weight TOPSIS Method in Comprehensive Performance Evaluation of Logistics Industry: Take YTO Express as an Example

Author(s)

Li Liu, Fan He

Corresponding Author:
Li Liu
Affiliation(s)

Department of Management, Sichuan University of Science & Engineering, Zigong, China

Abstract

In recent years, the market pattern of express delivery industry has changed a lot, the competition among leading enterprises has intensified, and the performance of YTO Express has decreased year by year. How to improve its performance level is an urgent problem to be solved. Taking YTO Express as the research object, this paper constructs an enterprise performance evaluation system based on the combination of EVA and BSC with the help of relevant theories of both, and then ranks the comprehensive performance of listed companies of SF Holdings, Sto Express, YTO Express and Yunda Stock Express from 2018 to 2022 by using the method of entropy weight TOPSIS. Finally, the analysis of the evaluation results shows that YTO Express's comprehensive performance is backward and there are some problems, such as unreasonable planning of capital structure, low investment ratio of research and development expenses, weak revenue growth rate and customer satisfaction to be improved, etc. Further more, it puts forward relevant suggestions that YTO Express should grasp the growth opportunities, improve service quality, optimize the operation of express and improve research and development investment, so as to help it continuously improve the performance level and market competitiveness. The research results have certain reference significance for the logistics industry to provide new performance management ideas.

Keywords

YTO Express; EVA; BSC; Enterprise performance

Cite This Paper

Li Liu, Fan He. Application of Entropy Weight TOPSIS Method in Comprehensive Performance Evaluation of Logistics Industry: Take YTO Express as an Example. Academic Journal of Business & Management (2023) Vol. 5, Issue 19: 8-15. https://doi.org/10.25236/AJBM.2023.051902.

References

[1] Luo Zhengqing, Chen Mengqi. Research on Enterprise Financial Flexibility Based on Entropy -TOPSIS Method-Taking BOE as an Example [J]. China Market, 2023, (11):131-134.

[2] Zhang Jing, Zhao Lizhi. Application of entropy weight TOPSIS- grey correlation method in indoor environmental quality assessment [J]. Value engineering, 2023, 42(09):113-115.

[3] Wu Benjie. Design of performance evaluation model combining EVA quality evaluation with BSC [J]. Business Accounting, 2022, (24):109-112.

[4] He Wenting, Deng Xiaojun. An Empirical Study on the Performance Appraisal System of Listed Companies in Shaanxi Province Based on EVA—BSC Coupling [J]. China Economic and Trade Journal (2), 2021, (02):104-107.

[5] Wang Hong, Guo Heng, Wu Jingyun et al. Evaluation of low-carbon transformation process of power generation enterprises based on entropy -TOPSIS method [J]. Thermal Power, 2023, 52(07): 26-32.