The Research Of Performance Evaluation Of Household Electrical Appliance Industry Listed Companies Based On DEA Model

Performance Evaluation of listed companies is of great significance for the country, the listed companies, the investors and operators. This paper is a comprehensive evaluation of listed company . In the evaluation method used, DEA is suitable for multi-input multi-output evaluation . This model was a non-parameter model, the results of the evaluation of the companies are the industry's relative efficiency. Compared with the parameters method, non-parameter method have main advantages: (1) need not know the specific form of production function, and the study are bound by less (2) deal with more inputs and outputs more easily, (3) in the In addition to the efficiency of enterprises can be specified with the best compared to that being evaluated by agencies of the results, but also in which enterprises can be drawn into the use of lower efficiency, to find the best way to improve efficiency, (4) In addition to the enterprise can be cost-effective, can also calculate the technical efficiency, targeting efficiency, a purely technical efficiency, the scale of efficiency, the enterprises are relatively comprehensive evaluation. Evaluation on the use of financial indicators as a measure of indicators, three of them into targets, the three indicators of output. These indicators better reflect the company's main inputs and outputs. The results of these evaluations can be more objective reflection of the company's performance. On the contents of the arrangements, the company first introduced the significance and performance evaluation at home and abroad in the areas of research the status quo. Then in the second chapter on the current performance evaluation in the area of several common methods of comparison, further pointed out that DEA model in the comprehensive evaluation of the application advantages. In the third chapter introduces the DEA model and the principles of construction process and evaluation of the selected indicators. Chapter IV in the DEA model on the basis of China's industrial development more mature, international competition in the home electrical appliance industry, the higher a comprehensive evaluation. In evaluating the content, the first three years of data in 2004,2005,2006 on the basis of a comprehensive evaluation of the whole industry, the company that scores the relative efficiency, and efficiency scores broken down into a purely technical efficiency and scale of the efficiency of two components . According to relax and then the distribution of variables that DEA invalid improve the company's path, and calculate the ideal values. Next calculate the various companies in the efficiency of scoring, from the perspective of all vertical company's operating efficiency of a relatively. Finally, the basis of 2005, respectively reference to the efficiency of leading-edge computing 2004,2005,2006 all the efficiency of the company scored well as on the entire industry three years to be a comparison. The final chapter V, in the evaluation results are given on the basis of China's household electrical appliance industry to improve the performance of a number of useful suggestions.This article is the first use of the innovation DEA model, from the perspective of the financial indicators of China's household electrical appliance industry has invested more and more comprehensive evaluation of outputs. Both on the evaluation of each company have the rating industry as a whole; evaluation of the existing horizontal longitudinal evaluation also, the DEA invalid company also pointed to improve the way, and calculate the ideal values.