DuPont Financial Ratio Analysis Using Logical Aggregation
Само за регистроване кориснике
2016
Конференцијски прилог (Објављена верзија)
Метаподаци
Приказ свих података о документуАпстракт
This paper presents a logic-based method for DuPont financial analysis of company's business performances. DuPont method is used to decompose Return on equity (ROE), as a basic performance measure, into profit, turnover, and leverage component. Logical aggregation is used to aggregate these components in order to model possible patterns that correspond to business models. Interpolative Boolean algebra is employed to translate logical models of patterns into the corresponding mathematical models. The obtained mathematical models can be used to calculate the level of fulfillment of the observed patterns. Further, we use pseudological aggregation to aggregate several desired patterns in order to create a criteria function used for investment decision making. The proposed approach is tested on the example of 18 companies from automotive industry.
Кључне речи:
Logical aggregation / Interpolative Boolean algebra / Financial ratio / Dupont analysisИзвор:
Soft Computing Applications, (Sofa 2014), Vol 2, 2016, 357, 727-739Издавач:
- Springer International Publishing Ag, Cham
DOI: 10.1007/978-3-319-18416-6_57
ISSN: 2194-5357
WoS: 000452854600001
Scopus: 2-s2.0-84951942784
Институција/група
Fakultet organizacionih naukaTY - CONF AU - Rakićević, Aleksandar AU - Milošević, Pavle AU - Petrović, Bratislav AU - Radojević, Dragan PY - 2016 UR - https://rfos.fon.bg.ac.rs/handle/123456789/1486 AB - This paper presents a logic-based method for DuPont financial analysis of company's business performances. DuPont method is used to decompose Return on equity (ROE), as a basic performance measure, into profit, turnover, and leverage component. Logical aggregation is used to aggregate these components in order to model possible patterns that correspond to business models. Interpolative Boolean algebra is employed to translate logical models of patterns into the corresponding mathematical models. The obtained mathematical models can be used to calculate the level of fulfillment of the observed patterns. Further, we use pseudological aggregation to aggregate several desired patterns in order to create a criteria function used for investment decision making. The proposed approach is tested on the example of 18 companies from automotive industry. PB - Springer International Publishing Ag, Cham C3 - Soft Computing Applications, (Sofa 2014), Vol 2 T1 - DuPont Financial Ratio Analysis Using Logical Aggregation EP - 739 SP - 727 VL - 357 DO - 10.1007/978-3-319-18416-6_57 UR - conv_2126 ER -
@conference{ author = "Rakićević, Aleksandar and Milošević, Pavle and Petrović, Bratislav and Radojević, Dragan", year = "2016", abstract = "This paper presents a logic-based method for DuPont financial analysis of company's business performances. DuPont method is used to decompose Return on equity (ROE), as a basic performance measure, into profit, turnover, and leverage component. Logical aggregation is used to aggregate these components in order to model possible patterns that correspond to business models. Interpolative Boolean algebra is employed to translate logical models of patterns into the corresponding mathematical models. The obtained mathematical models can be used to calculate the level of fulfillment of the observed patterns. Further, we use pseudological aggregation to aggregate several desired patterns in order to create a criteria function used for investment decision making. The proposed approach is tested on the example of 18 companies from automotive industry.", publisher = "Springer International Publishing Ag, Cham", journal = "Soft Computing Applications, (Sofa 2014), Vol 2", title = "DuPont Financial Ratio Analysis Using Logical Aggregation", pages = "739-727", volume = "357", doi = "10.1007/978-3-319-18416-6_57", url = "conv_2126" }
Rakićević, A., Milošević, P., Petrović, B.,& Radojević, D.. (2016). DuPont Financial Ratio Analysis Using Logical Aggregation. in Soft Computing Applications, (Sofa 2014), Vol 2 Springer International Publishing Ag, Cham., 357, 727-739. https://doi.org/10.1007/978-3-319-18416-6_57 conv_2126
Rakićević A, Milošević P, Petrović B, Radojević D. DuPont Financial Ratio Analysis Using Logical Aggregation. in Soft Computing Applications, (Sofa 2014), Vol 2. 2016;357:727-739. doi:10.1007/978-3-319-18416-6_57 conv_2126 .
Rakićević, Aleksandar, Milošević, Pavle, Petrović, Bratislav, Radojević, Dragan, "DuPont Financial Ratio Analysis Using Logical Aggregation" in Soft Computing Applications, (Sofa 2014), Vol 2, 357 (2016):727-739, https://doi.org/10.1007/978-3-319-18416-6_57 ., conv_2126 .