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Economic Modelling 43 (2014) 30–37
Contents lists available at ScienceDirect
Economic Modelling
j ournal homepage : www.el /l oc ate/ ecmod
Analysis of the financial parameters of Serbian banks through the
application of the fuzzy AHP and TOPSIS methods
Ksenija Mandic ⁎, Boris Delibasic 1, Snezana Knezevic 2, Sladjana Benkovic 3
University of Belgrade, Faculty of Organizational Sciences, Jove Ilica 154, Belgrade, Serbia
a r t i c l e i n f o a b s t r a c t
Article history: Banks represent entities of the financial market and the overall system for financing of the economy, i.e. they are
Accepted 31 July 2014 directly or indirectly becoming the drivers and control mechanism of the financial system without which the pro-
Available online 23 August 2014 cess of reproduction would be practically impossible. Banks, as specific financial institutions, hold a central place
within the financial system due to the functions they perform, as well as the relative volume of financial potential
Keywords:
that resides within their accounts. Evaluation of the work of banks is of essential importance to creditors, inves-
Serbian banking sector
Financial performance tors and other interested parties, because it determines a banks ability to be competitive within the sector. The
Fuzzy logic aim of this study is to propose a fuzzy multi-criteria model that will facilitate the assess
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