Title :
Research on the EVA Integrated Scorecard Performance Measure System
Author :
Li-gen, Yao ; Pei-pei, FENG ; Hong-wei, LI ; Ting, Zhao ; Xi-lian, WANG
Author_Institution :
Hebei Univ. of Eng., Handan
Abstract :
With the establishment of modern enterprise system, the limitations of the traditional performance measure appear. Economic value added (EVA) and the balanced scorecard (BSC) are advanced modern tools for performance measure. EVA makes managers pay more attention to the goal of enterprise value maximum. BSC combines financial measure with nonfinancial measure. The two methods have some disadvantages individually, but they are actually complementary. This text proposes the EVA integrated scorecard performance measure system, and gives methods to ascertain the indexes´ weight. We use AHM and the unascertained comprehensive valuation into the performance measure practice. At first, adopt AHM to calculate the import weight of every index, and then measure performance by unascertained comprehensive valuation. In the end, we give an example.
Keywords :
decision theory; economics; financial management; analytic hierarchical model; balanced scorecard; economic value added; enterprise value maximum; integrated scorecard performance measure system; modern enterprise system; nonfinancial measurement; unascertained comprehensive valuation; Appraisal; Companies; Conference management; Cost accounting; Current measurement; Engineering management; Modems; Performance evaluation; AHM; EVA integrated scorecard; performance measure; unascertained comprehensive valuation;
Conference_Titel :
Management Science and Engineering, 2007. ICMSE 2007. International Conference on
Conference_Location :
Harbin
Print_ISBN :
978-7-88358-080-5
Electronic_ISBN :
978-7-88358-080-5
DOI :
10.1109/ICMSE.2007.4421962