2026/5/12
Reza Jamei

Reza Jamei

Academic rank: Associate Professor
ORCID:
Education: PhD.
ResearchGate:
Faculty: Faculty of Humanities and Social Sciences
ScholarId:
E-mail: r.jamei [at] uok.ac.ir
ScopusId: Link
Phone: 09128947089
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Research

Title
Investigating the Mathematical Models (TOPSIS, SAW) to Prioritize the Investments in the Accepted Pharmaceutical Companies in Tehran Stock Exchange
Type
JournalPaper
Keywords
The Multi-Criteria Decision Making- performance Evaluation Pharmaceutical companies' TOPSIS and SAW Models
Year
2020
Journal Advances in Mathematical Finance and Applications
DOI
Researchers Reza Jamei

Abstract

Considering the importance of decision- making in investment, this study prioritizes the accepted pharmaceutical companies in Tehran stock exchange, during 2013- 2017 using the following criteria: the return on investment (ROI), reminded increment (RI), return on sales (ROS) and the earnings per share (EPS). Price per earnings ratio of each share (P/E), return on equity (ROE), return on assets (ROA). After prioritization mentioned companies, they were ranked using mathematical models: SAW and TOPSIS. The object of the study is to encourage financial decision- makers to use math models (SAW, TOPSIS) instead of previous accounting techniques in order to represent the pharmaceutical companies more perfect than before. The comparison between ranked mentioned companies' according to two math models (SAW, TOPSIS) showed that there is not a significant deference between ranks obtained from SAW and TOPSIS. Furthermore, it is found out that the ranking of the involved companies' was not the same during the study. Some had better process while others not only didn’t have improvement but also gained worse ranking during the study than before.