Title
Evaluation of performance of Lithuanian commercial banks by multi-objective optimization Evaluation of performance of Lithuanian commercial banks by multi-objective optimization
Author
Faculty/Department
Faculty of Applied Economics
Institute of Development Policy and Management
Publication type
conferenceObject
Publication
Subject
Economics
Source (journal)
7th International Scientific Conference Business and Management 2012, May 10-11, 2012, Vilnius, Lithuania
Volume/pages
(2012) , p. 1042-1049
ISSN
2029-929X
ISI
000329342200133
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
Abstract
The aim of this study is to rank the banks registered in Lithuania by Multi-Objective Optimization (MOO). As these banks work in the same macroeconomic environment the objectives are chosen on basis of the CAMEL classification (C Capital adequacy, A Asset quality, M Management quality, E Earnings, L Liquidity). Traditional Cost-Benefit does not respond to these purposes, translating all direct and indirect costs and benefits into money. On the contrary MOO takes care of different objectives, whereas the objectives keep their own units. Different methods exist for the application of MOO. These methods were tested after their robustness. Therefore, MULTIMOORA composed of three sub-methods: Ratio System, Reference Method using the ratios from the ratio system and the Full Multiplicative Form, showed positive results. Consequently registered in Lithuania commercial banks were ranked by MULTIMOORA.
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