136497 - Fuzzy Goal Programming Model.pdf (875.17 kB)
Fuzzy Goal Programming Model to Rolling Performance Based Budgeting by Productivity Approach (Case Study: Gas Refineries in Iran)
journal contribution
posted on 2023-05-20, 09:09 authored by Kalantari, N, Pour, RM, Seidi, M, Shiri, A, Azizkhani, MThis research presents a mathematical model for performance-based budgeting and combines it with rolling budget for increased flexibility. The model has been designed by Chebyshev's goal programming technique with fuzzy approach. The parameters or coefficients of the model are derived by measuring the productivity of the organizations considering eight criteria. Data for calculating productivity indicators were collected from gas refineries of Iran in 2011–2015 and analysed by Excel and GAMS software. Then, the model was tested for determining the 2016 budget of those refineries. The model was solved by LINGO software by linking it to Excel. The solution of the model reduced 0.68% of the total refinery's budget compared with the actual budgets for 2016, which is higher than the annual budget of some of the companies in this group.
History
Publication title
Advances in Mathematical Finance and ApplicationsPagination
95-107ISSN
2538-5569Department/School
TSBEPublisher
IA University of Arak, IranPlace of publication
IranRights statement
© 2018. All rights reservedRepository Status
- Open