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Web of Proceedings - Francis Academic Press
Web of Proceedings - Francis Academic Press

Research on Financial Performance of Pharmaceutical Manufacturing Industry Based on Entropy Method and Super-Efficiency DEA

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DOI: 10.25236/isaete.2021.035

Author(s)

Lin XIONG

Corresponding Author

Lin XIONG

Abstract

People's livelihood is an important starting point and goal of economic and social development, and medicine is the most basic demand for people's livelihood. It not only plays a decisive role in the health of residents, but also affects the quality of life of the people. With the aging of the population, the decline of environmental quality and the normalization of epidemic prevention and control, the pharmaceutical manufacturing industry has ushered in new development opportunities. This paper constructs a scientific and reasonable financial performance evaluation system. Firstly, the entropy method is used to determine the weight of each evaluation index of the financial performance of the enterprise, and the appropriate input and output indicators are selected; secondly, the DEA super-efficiency model is used to evaluate the financial performance of the pharmaceutical manufacturing industry; As a result of the evaluation, relevant improvement measures are proposed to promote the further development of the enterprise.

Keywords

Pharmaceutical manufacturing, Entropy method, Super-efficient DEA, Financial performance, Evaluation system