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Fuzzy Goal Programming Model to Rolling Performance Based Budgeting by Productivity Approach (Case Study: Gas Refineries in Iran)

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posted on 2023-05-20, 09:09 authored by Kalantari, N, Pour, RM, Seidi, M, Shiri, A, Azizkhani, M
This research presents a mathematical model for performance-based budgeting and combines it with rolling budget for increased flexibility. The model has been designed by Chebyshev's goal programming technique with fuzzy approach. The parameters or coefficients of the model are derived by measuring the productivity of the organizations considering eight criteria. Data for calculating productivity indicators were collected from gas refineries of Iran in 2011–2015 and analysed by Excel and GAMS software. Then, the model was tested for determining the 2016 budget of those refineries. The model was solved by LINGO software by linking it to Excel. The solution of the model reduced 0.68% of the total refinery's budget compared with the actual budgets for 2016, which is higher than the annual budget of some of the companies in this group.

History

Publication title

Advances in Mathematical Finance and Applications

Pagination

95-107

ISSN

2538-5569

Department/School

TSBE

Publisher

IA University of Arak, Iran

Place of publication

Iran

Rights statement

© 2018. All rights reserved

Repository Status

  • Open

Socio-economic Objectives

Expanding knowledge in commerce, management, tourism and services

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