Lexicographic Goal Programming Model for Bank’s Performance Management
Any bank’s financial management is essential to preparing the assets and liabilities for multiple goals. In this paper, we develop an optimal bank model for the financial management department in the Kingdom of Saudi Arabia. The lexicographic goal programming model was used to formulate the banks’ p...
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| Format: | Article |
| Language: | English |
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Wiley
2021-01-01
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| Series: | Journal of Applied Mathematics |
| Online Access: | http://dx.doi.org/10.1155/2021/8011578 |
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| _version_ | 1832548422080528384 |
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| author | Ali AlArjani Teg Alam |
| author_facet | Ali AlArjani Teg Alam |
| author_sort | Ali AlArjani |
| collection | DOAJ |
| description | Any bank’s financial management is essential to preparing the assets and liabilities for multiple goals. In this paper, we develop an optimal bank model for the financial management department in the Kingdom of Saudi Arabia. The lexicographic goal programming model was used to formulate the banks’ performance management. In this study, the six goals of one of the leading banks in Saudi Arabia, namely, maximize asset, minimize liability, maximize equity, maximize operating income, maximize net income, and maximizing total goal achievements in the financial statement, were studied. To illustrate the model, we have focused on Al Rajhi Bank’s financial statements as a case study. The data was obtained from the banks’ financial statements. The outcomes of the study exhibited that all goals were accomplished. This proposed model is dynamic because it will help examine the banks’ financial strengths located in the kingdom. As a result, the proposed model can guide banking firms in making decisions and developing strategies to deal with numerous monetary circumstances. |
| format | Article |
| id | doaj-art-b11ff76f8bd34e0c8634a280fc3723c1 |
| institution | Kabale University |
| issn | 1687-0042 |
| language | English |
| publishDate | 2021-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Journal of Applied Mathematics |
| spelling | doaj-art-b11ff76f8bd34e0c8634a280fc3723c12025-02-03T06:14:11ZengWileyJournal of Applied Mathematics1687-00422021-01-01202110.1155/2021/8011578Lexicographic Goal Programming Model for Bank’s Performance ManagementAli AlArjani0Teg Alam1Department of Industrial EngineeringDepartment of Industrial EngineeringAny bank’s financial management is essential to preparing the assets and liabilities for multiple goals. In this paper, we develop an optimal bank model for the financial management department in the Kingdom of Saudi Arabia. The lexicographic goal programming model was used to formulate the banks’ performance management. In this study, the six goals of one of the leading banks in Saudi Arabia, namely, maximize asset, minimize liability, maximize equity, maximize operating income, maximize net income, and maximizing total goal achievements in the financial statement, were studied. To illustrate the model, we have focused on Al Rajhi Bank’s financial statements as a case study. The data was obtained from the banks’ financial statements. The outcomes of the study exhibited that all goals were accomplished. This proposed model is dynamic because it will help examine the banks’ financial strengths located in the kingdom. As a result, the proposed model can guide banking firms in making decisions and developing strategies to deal with numerous monetary circumstances.http://dx.doi.org/10.1155/2021/8011578 |
| spellingShingle | Ali AlArjani Teg Alam Lexicographic Goal Programming Model for Bank’s Performance Management Journal of Applied Mathematics |
| title | Lexicographic Goal Programming Model for Bank’s Performance Management |
| title_full | Lexicographic Goal Programming Model for Bank’s Performance Management |
| title_fullStr | Lexicographic Goal Programming Model for Bank’s Performance Management |
| title_full_unstemmed | Lexicographic Goal Programming Model for Bank’s Performance Management |
| title_short | Lexicographic Goal Programming Model for Bank’s Performance Management |
| title_sort | lexicographic goal programming model for bank s performance management |
| url | http://dx.doi.org/10.1155/2021/8011578 |
| work_keys_str_mv | AT alialarjani lexicographicgoalprogrammingmodelforbanksperformancemanagement AT tegalam lexicographicgoalprogrammingmodelforbanksperformancemanagement |