In this research , we combine the Fazzy Analytic Hierarchy Process(FAHP) and Technique for Order Preference by Similarity to Ideal Solution(TOPSIS) methods to eliminate the restriction of TOPSIS method based on financial ratios.at first we evaluate the experts ideas in industry by FAHP.Companies relative efficiency is calculated by TOPSIS method based on financial ratios.Statistical universe was all 28 cement companies in the Tehran Stock Exchange and 15 Turkish cement companies in the Istanbul Stock Exchange.Hypothesis is evaluated based on spearmans correlation coefficient.Ranking based on (FAHP-TOPSIS) and TOPSIS methods are compared.A significant difference isn''t observed in (FAHP-TOPSIS) and TOPSIS ranking.
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