Assessment of financial management practices in the poultry industry using the Neutrosophic VIKOR method
The study analyzed the impact of the COVID-19 pandemic on small poultry businesses in Cotopaxi, Ecuador, noting a decline in revenue and a need for immediate financial strategies. The objective was to identify operational and financial management practices, along with criteria for assessing the fina...
Saved in:
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Ayandegan Institute of Higher Education,
2024-11-01
|
| Series: | Journal of Fuzzy Extension and Applications |
| Subjects: | |
| Online Access: | https://www.journal-fea.com/article_210766_181f432fd404cc518f0b289dcec31771.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832577771077894144 |
|---|---|
| author | Mayorga Díaz Mónica Kevin Steven Yánez Pazuña Jessica Paola Yánez Pazuña Jorge Fernando Goyes García |
| author_facet | Mayorga Díaz Mónica Kevin Steven Yánez Pazuña Jessica Paola Yánez Pazuña Jorge Fernando Goyes García |
| author_sort | Mayorga Díaz Mónica |
| collection | DOAJ |
| description | The study analyzed the impact of the COVID-19 pandemic on small poultry businesses in Cotopaxi, Ecuador, noting a decline in revenue and a need for immediate financial strategies. The objective was to identify operational and financial management practices, along with criteria for assessing the financial health of these organizations. The research used reliable secondary sources from 2018-2020 and employed the neutrosophic VIKOR method to prioritize management practices based on utility, regret, and effectiveness indexes, considering sustainability and operational efficiency. Findings indicated that cost control, performance measurement, and risk management are key practices for optimizing profitability and sustainability in the poultry sector. The study concluded that the strategic adoption of these practices enhances competitiveness and promotes sustainable development. Comparative studies and environmental sustainability analyses were recommended to strengthen the sector further globally. |
| format | Article |
| id | doaj-art-d0cc23f2e9164070adb5901c7040b442 |
| institution | Kabale University |
| issn | 2783-1442 2717-3453 |
| language | English |
| publishDate | 2024-11-01 |
| publisher | Ayandegan Institute of Higher Education, |
| record_format | Article |
| series | Journal of Fuzzy Extension and Applications |
| spelling | doaj-art-d0cc23f2e9164070adb5901c7040b4422025-01-30T15:07:23ZengAyandegan Institute of Higher Education,Journal of Fuzzy Extension and Applications2783-14422717-34532024-11-015Special Issue859810.22105/jfea.2024.468200.1548210766Assessment of financial management practices in the poultry industry using the Neutrosophic VIKOR methodMayorga Díaz Mónica0Kevin Steven Yánez Pazuña1Jessica Paola Yánez Pazuña2Jorge Fernando Goyes García3Universidad Regional Autónoma de los Andes, Ambato, Tungurahua, Ecuador.Universidad Regional Autónoma de los Andes, Ambato, Tungurahua, Ecuador.Universidad Regional Autónoma de los Andes, Ambato, Tungurahua, Ecuador.Universidad Regional Autónoma de los Andes, Ambato, Tungurahua, Ecuador.The study analyzed the impact of the COVID-19 pandemic on small poultry businesses in Cotopaxi, Ecuador, noting a decline in revenue and a need for immediate financial strategies. The objective was to identify operational and financial management practices, along with criteria for assessing the financial health of these organizations. The research used reliable secondary sources from 2018-2020 and employed the neutrosophic VIKOR method to prioritize management practices based on utility, regret, and effectiveness indexes, considering sustainability and operational efficiency. Findings indicated that cost control, performance measurement, and risk management are key practices for optimizing profitability and sustainability in the poultry sector. The study concluded that the strategic adoption of these practices enhances competitiveness and promotes sustainable development. Comparative studies and environmental sustainability analyses were recommended to strengthen the sector further globally.https://www.journal-fea.com/article_210766_181f432fd404cc518f0b289dcec31771.pdfneutrosophic setsvikorfinancial managementperformance levelspoultry breeding companies |
| spellingShingle | Mayorga Díaz Mónica Kevin Steven Yánez Pazuña Jessica Paola Yánez Pazuña Jorge Fernando Goyes García Assessment of financial management practices in the poultry industry using the Neutrosophic VIKOR method Journal of Fuzzy Extension and Applications neutrosophic sets vikor financial management performance levels poultry breeding companies |
| title | Assessment of financial management practices in the poultry industry using the Neutrosophic VIKOR method |
| title_full | Assessment of financial management practices in the poultry industry using the Neutrosophic VIKOR method |
| title_fullStr | Assessment of financial management practices in the poultry industry using the Neutrosophic VIKOR method |
| title_full_unstemmed | Assessment of financial management practices in the poultry industry using the Neutrosophic VIKOR method |
| title_short | Assessment of financial management practices in the poultry industry using the Neutrosophic VIKOR method |
| title_sort | assessment of financial management practices in the poultry industry using the neutrosophic vikor method |
| topic | neutrosophic sets vikor financial management performance levels poultry breeding companies |
| url | https://www.journal-fea.com/article_210766_181f432fd404cc518f0b289dcec31771.pdf |
| work_keys_str_mv | AT mayorgadiazmonica assessmentoffinancialmanagementpracticesinthepoultryindustryusingtheneutrosophicvikormethod AT kevinstevenyanezpazuna assessmentoffinancialmanagementpracticesinthepoultryindustryusingtheneutrosophicvikormethod AT jessicapaolayanezpazuna assessmentoffinancialmanagementpracticesinthepoultryindustryusingtheneutrosophicvikormethod AT jorgefernandogoyesgarcia assessmentoffinancialmanagementpracticesinthepoultryindustryusingtheneutrosophicvikormethod |