scholarly journals Analytical Hierarchy Process as a Tool for Investment Appraisal

2016 ◽  
Vol 8 (4) ◽  
pp. 306
Author(s):  
Ceren Oral
Keyword(s):  
Performance Appraisal ◽  
Investment Decisions ◽  
Decision Making Process ◽  
Analytic Hierarchy ◽  
Qualitative And Quantitative ◽  
Investment Appraisal ◽  
Financial Failure ◽  
Hierarchy Process ◽  
Selection Of

<p>Analytic Hierarchy Process (AHP), is the method of multiple-criteria decision analysis. AHP; severity of the important criteria in deciding the pairwise comparisons and it carries out the sequence of decisions alternatives. AHP is a powerful and easy to understand method that allows combining qualitative and quantitative factors in the decision making process for groups and individuals.</p><p>AHP in finance is a frequently used method especially financial performance appraisal, credit appraisal, the financial failure prediction, estimation of the exchange rate and the selection of projects. Evaluation and selection of projects is a difficult task before making investment decisions. In this context, it has been developed a case study to determine the best project by applying the AHP technique. For this purpose, considering four criteria, the best projects between options have been identified and evaluated by alternative four projects.</p>

scholarly journals Аn example of different AHP structuring in a forest management problem

2016 ◽  
pp. 127-137
Author(s):  
Milena Lakicevic ◽  
Bojan Srdjevic ◽  
Ivaylo Velichkov ◽  
Zorica Srdjevic
Keyword(s):  
Decision Making ◽  
Forest Management ◽  
Analytic Hierarchy Process ◽  
Evaluation Procedure ◽  
Decision Making Process ◽  
Management Problem ◽  
Consistency Check ◽  
Analytic Hierarchy ◽  
Hierarchy Process

The paper investigates how different hierarchy structuring in analytic hierarchy process (AHP) may affect the final results in the decision-making process. This problem is analyzed in a case study of the Rila monastery forest stands in Bulgaria. There were three similar and mutually overlapped hierarchies defined. A decision maker evaluated all of them and after analyzing final results and consistency performance, he selected and revised the most appropriate hierarchy structure. Consistency check assisted in detecting the judgments which have strongly violated evaluation procedure. These mistakes are interpreted as a consequence of a large number of required pair-wise comparisons. The paper emphases the importance of properly defining hierarchy structure and recommends using consistency analysis as a guide and not as a directive for the revision of judgments.

scholarly journals Destination Management for Ecotourism Activity Using Analytical Hierarchy Process

2022 ◽  
Vol 2022 ◽  
pp. 1-6
Author(s):  
Xi Wu ◽  
Shuying Qiao ◽  
Qiongqiong Tan
Keyword(s):  
Decision Making ◽  
Qualitative And Quantitative Analysis ◽  
Analytic Hierarchy ◽  
Suitable Candidate ◽  
Qualitative And Quantitative ◽  
Original Ecology ◽  
Local Residents ◽  
Reserved Area ◽  
Hierarchy Process ◽  
Selection Of

Analytic hierarchy process (AHP) refers to a decision-making method that decomposes the elements related to decision-making into goals, criteria, plans, and other levels and performs qualitative and quantitative analysis. Ecotourism is one component of sustainable tourism. Due to ecotourism activity, ecotourism links the reserved area with local residents and tourists. The aim of this research is to identify the proper ecotourism activity in Diaoluo Mountain National Nature Reserve with the help of the AHP method. The motivation behind the use of AHP is its widespread use in the decision-making process of selection of suitable candidate or alternative spot for tourists’ activity in the domain of ecotourism. The result shows that the most suitable ecotourism activity is “visit and experience life in the original ecology villages of Li and Miao ethnic minorities with a guide.” The proposed AHP decision-making method has effectively been used to select ecotourism activity based on multiple criteria evaluations.

Application of Hybrid VIKOR Model in Selection of Maintenance Strategy

2012 ◽  
Vol 5 (2) ◽  
pp. 59-81 ◽  
Author(s):  
M. Ilangkumaran ◽  
S. Kumanan
Keyword(s):  
Textile Industry ◽  
Maintenance Strategy ◽  
Analytic Hierarchy ◽  
Proposed Model ◽  
Order Preference ◽  
Hierarchy Process ◽  
Pair Wise Comparison ◽  
Insight Into ◽  
Selection Of

This paper focuses on the use of Fuzzy Analytic Hierarchy Process (FAHP) and VlseKriterijumska Optimizacija I Kompromisno Resenje in Serbian (VIKOR) to select an optimum maintenance strategy for a textile industry. In the proposed methodology, first the weight of each criterion is calculated by using improved AHP with fuzzy set theory to overcome the problems of unbalanced scale of judgments, uncertainty and imprecision in the pair-wise comparison process and then the VIKOR method is applied to compensate the imprecise ranking of the AHP in the selection of maintenance strategy. The real case study is conducted for a textile industry to illustrate the utilization of the proposed model for the maintenance strategy selection problem. Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) is applied to make sure that the result of the proposed model can be acceptable. A sensitivity analysis is also conducted to show the validity of the proposed model. The paper gives an insight into multi criteria decision-making (MCDM) techniques to select an optimum maintenance strategy for a process industry using a case study.

Using Multicriteria Futuristic Fuzzy Decision Hierarchy in SWOT Analysis

2015 ◽  
Vol 6 (4) ◽  
pp. 38-56 ◽  
Author(s):  
Sunil Pratap Singh ◽  
Manoj Kumar Chauhan ◽  
Preetvanti Singh
Keyword(s):  
Swot Analysis ◽  
External Environment ◽  
Tourism Industry ◽  
Decision Making Process ◽  
Internal Environment ◽  
Fuzzy Decision ◽  
Analytic Hierarchy ◽  
Hierarchy Process ◽  
Significant Factors

In this paper, a quantitative multicriteria futuristic fuzzy decision hierarchy (MFFDH)-based SWOT (strengths, weaknesses, opportunities and threats) analysis has been carried out to determine priorities among significant factors related to tourism's internal and external environment. In MFFDH model, the fuzzy logic is combined with analytic hierarchy process (AHP) to overcome the uncertainty in decision making process. The utilization of MFFDH with SWOT yields analytically determined priorities for the factors included in SWOT analysis and makes them more commensurable. The hybrid method has been applied in connection with a case study on tourism industry in Agra (India) and result indicates that the factors related to tourism's internal environment (strengths and weaknesses) are relatively more important than external factors (opportunities and threats). In addition, strengths group turned out to have the highest priorities while threats group have the lowest priorities.

scholarly journals Evaluation Method to Select Pure Electric Buses Based on Road Operation Tests

2019 ◽  
Vol 11 (1) ◽  
pp. 4
Author(s):  
Yanzhong Liu ◽  
Jie He ◽  
Wenhui Lu ◽  
Xintong Yan ◽  
Cheng Cheng
Keyword(s):  
Evaluation Method ◽  
Economic Security ◽  
Environmental Concerns ◽  
Analytic Hierarchy ◽  
Qualitative And Quantitative ◽  
Actual Operation ◽  
Design Selection ◽  
Quantitative Indicators ◽  
Hierarchy Process ◽  
Selection Of

In China, the development of pure electric buses is an essential means to address energy and environmental concerns. Proper evaluation and selection of pure electric buses is a crucial step prior to introducing the buses into actual operation. This paper presents a multi-objective method for the selection of pure electric buses based on road driving tests. An index system for evaluating the operating performance through the fuzzy analytic hierarchy process is established, and to ensure the method is more systematic than those in previous studies, indicators are classified into three categories: qualitative, semi-qualitative and quantitative indicators, of which the nineteen indexes have been comprehensively considered and designed. To verify the advantage of the evaluation method proposed in the article, two typical buses were selected as the assessed objectives regarding reliability, economic, security, environmental adaptability, etc. The assessing process indicates that the method is easily implemented and of high practical value. Additionally, the results show satisfactory agreement with the actual scenario. Thus, it can be assumed that the method detailed herein provides a basis for the design, selection, and evaluation of pure electric buses.

PRIORITIZING FEEDERS FOR MAINTENANCE ACTIVITIES USING AHP IN NUCLEAR POWER PLANTS

2007 ◽  
Vol 14 (03) ◽  
pp. 275-282 ◽  
Author(s):  
A. SRIVIDYA ◽  
H. N. SURESH
Keyword(s):  
Nuclear Power ◽  
Power Plants ◽  
Decision Making Process ◽  
Decision Criteria ◽  
Analytic Hierarchy ◽  
Qualitative And Quantitative ◽  
Prioritization Process ◽  
Maintenance Activities ◽  
Hierarchy Process ◽  
Pair Wise Comparison

The Analytic Hierarchy Process (AHP) is a powerful and flexible decision making process to help people set priorities and make the best decision when both qualitative and quantitative aspects are to be considered. In this paper, a procedure of prioritizing the outlet feeders under multiple criteria using Saaty's priority theory is presented. In priority theory, weights are assigned to the decision criteria via pair wise comparison of criteria. Seven outlet feeders (alternatives) and three decision criteria have been considered and the prioritization process is illustrated with an example case.

Evaluation Method Research on Vitality of Urban Leisure Space - Case Study of Chang Chun Culture Square

2013 ◽  
Vol 831 ◽  
pp. 232-235 ◽  
Author(s):  
Fei Chen ◽  
Jian Qun Lin ◽  
Ying Sheng Wang ◽  
Zhun Yu ◽  
Shou Li Tang
Keyword(s):  
Evaluation System ◽  
Evaluation Method ◽  
Influence Factors ◽  
Analytic Hierarchy ◽  
Space Case ◽  
Hierarchy Process ◽  
Urban Leisure ◽  
Statistical Analysis Software ◽  
Selection Of

From the angle of urban leisure space users and through the selection of urban leisure space influence factors, then based on a questionnaire survey and statistical analysis software, this article use the analytic hierarchy process and expert-scored method, and built a quantitative urban leisure space evaluation system to provide the basis for the strategy of construction and development of urban leisure space and pleasant harmonious modern city.

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