ABSTRACT
S.S. Guo & F.W. Yang North China Electric Power University, Baoding, China
ABSTRACT: In view of the problem that using subjective weighting method to determine index’s weight leads to the result of performance evaluation has strong subjectivity, this paper combine the entropy weight method and the grey correlation method together to evaluate the financial performance of the electric power enterprise. We use the entropy weight method to determine index’s comprehensive weight and according to the principle of grey correlation theory calculate the correlation degree. We choose 8 electric power enterprises as examples and use this method analyze their financial performance level. The result is objective and can provide directions for power enterprise’s development.
