Issue |
E3S Web of Conf.
Volume 405, 2023
2023 International Conference on Sustainable Technologies in Civil and Environmental Engineering (ICSTCE 2023)
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Article Number | 03006 | |
Number of page(s) | 9 | |
Section | Structural Engineering & Concrete Technology | |
DOI | https://doi.org/10.1051/e3sconf/202340503006 | |
Published online | 26 July 2023 |
Evaluation on the performance of highway companies using goal programming model
Department of Physical and Mathematical Science, Faculty of Science, Universiti Tunku Abdul Rahman, Kampar Campus, Jalan Universiti, Bandar Barat, 31900 Kampar, Perak, Malaysia
* Corresponding author: whlam@utar.edu.my
Highway companies engage in projects with governments through the concession model in which the governments’ aim is in fulfilling public interest while the highway companies aim to increase their financial stability. However, highway companies face various operational risks that would impede their financial excellency. Therefore, this paper aims to assess the financial performances of the highway companies with the goal programming (GP) model. The GP model is a powerful tool in solving multi-objective issues. This paper studies the listed highway companies, namely LITRAK, TALIWRK, and EDGENTA from 2017 to 2022 using financial data. Based on the optimal solution of GP model, all three companies have reached the goals for assets, equities, and optimum management items. LITRAK, TALIWRK, and EDGENTA have underachievement for the goal of liability management. The GP model has identified the potential improvements for these highway companies for further improvement based on the benchmark values.
Key words: Highway companies / goal programming / benchmark / financial performance / optimal solution
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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