An Ahp-Based Approach to Credit Risk Evaluation of Mortgage Loans

Ferreira, Fernando; Santos, Sérgio Pereira dos; Dias, Vítor Manuel Cerca

doi:10.3846/1648715x.2013.863812

Cited by 36 publications

(20 citation statements)

References 44 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…It is widely known in literature as a well-established multi-criteria approach and is applied by both academicians and practitioners in different context to systematize a wide range of decision problems. It proved to be useful when there is little quantitative information on the effects of the actions to be evaluated [24][25][26][27][28].…”

Section: Method: the Analytic Hierarchy Processmentioning

confidence: 99%

Protection of Cultural Heritage Buildings and Artistic Assets from Seismic Hazard: A Hierarchical Approach

D’Alpaos

Valluzzi

2020

Sustainability

View full text Add to dashboard Cite

The occurrence of natural disasters such as earthquakes represent a worldwide challenge in the conservation of cultural heritage (CH), which suffer from damage due to high vulnerability conditions. Therefore, the protection of CH from seismic hazard is of paramount importance. Damage and vulnerability assessment of CH and artistic assets play a key role in the identification of conservation strategies. Effective strategies require the stabilization of severely damaged buildings and the preventive improvement of constructions structural response to seismic actions. Although the operation of emergency inspections is meant to classify buildings on the basis of buildings residual seismic capacity, investment decisions in restoration and conservation strategies of such vulnerable structures must take into consideration tangible and intangible values of both building structures and artistic goods as well as must combine objectives of verifying structural safety standards and preserving cultural heritage significance. Damage and vulnerability assessment depend on different criteria, which, on the one hand, are related to buildings structural characteristics, materials, and geometrical properties. On the other hand, to the peculiarities and uniqueness of artworks and artistic goods present on structural elements. In this paper, an AHP (absolute) model is proposed to rank multi-criteria prioritization of protection and restoration interventions on a set of 15 churches, which were damaged by earthquakes, occurring in Italy in the last decades. In detail, in order to structure the decision problem, identify key factors, and define the hierarchy, we conducted an extensive literature review and interviewed a pool of experts. Focus groups were organized to develop the set of criteria and sub-criteria and validate the hierarchy by dynamic discussion.Sustainability 2020, 12, 1608 2 of 14 considered composed of independent portions whose limits are identified among either crack patterns or construction/vulnerability defects (e.g., large voids, lack in connections, etc.) [3,4]. Such an approach is particularly effective for churches as macro-elements can also coincide with the architectural portions of the building (apse, façade, dome, etc.), whose brittle behavior has been observed even under earthquakes of moderate magnitude [5,6].Hence, to face the seismic post-emergency phase [7] a comprehensive methodology able to contribute in managing the protection of both artistic assets and structural issues is needed. Damage and vulnerability assessment of CH and artistic assets plays a key role in the identification of effective conservation strategies, which require the stabilization of severely damaged buildings and the preventive improvement of constructions structural response to seismic actions. Investment decisions in restoration and conservation strategies of such vulnerable structures must take into consideration the tangible and intangible values of both building structures and artistic goods. It must also combine objectives o...

show abstract

Section: Method: the Analytic Hierarchy Processmentioning

confidence: 99%

Protection of Cultural Heritage Buildings and Artistic Assets from Seismic Hazard: A Hierarchical Approach

D’Alpaos

Valluzzi

2020

Sustainability

View full text Add to dashboard Cite

show abstract

“…Costa 2004b;Altman, Sabato 2007;Ferreira et al 2013). Financial institutions have become increasingly cautious in their analyses of the assumptions that underpin credit applications by SMEs, and are simultaneously showing greater Downloaded by [University of Nebraska, Lincoln] at 08:30 10 June 2016 concern with the implications of potential credit approvals (Ferreira et al 2014c). Indeed, it is widely agreed that in the current economic climate, credit risk assessment plays a key role for banking institutions, SMEs and, as a result, country economies and economic growth as a whole.…”

Section: Related Workmentioning

confidence: 99%

An Idiosyncratic Decision Support System for Credit Risk Analysis of Small and Medium-Sized Enterprises

Gonçalves¹,

Ferreira

Jalali

et al. 2015

Technological and Economic Development of Economy

Self Cite

View full text Add to dashboard Cite

Small and medium-sized enterprises (SMEs) are currently considered an important driving force of economic growth. Several studies have been developed to analyse this issue and, in particular, to assess the credit risk of SMEs. Most of these applications, however, share the same methodological limitations, such as the manner by which criteria are selected, or the methods used for calculating the weights between them. Based on the integrated use of cognitive mapping techniques and the Interactive Multiple Criteria Decision Making (TODIM) approach, this study aims to create an idiosyncratic decision support system for the identification of multiple criteria and the calculation of their respective weights (i.e. the trade-offs) in the evaluation of SME credit risk. The results show that the model created in this study allows for simple and straightforward credit concession decisions, facilitating the evaluation of SME credit applications through more informed and transparent risk assessments. Practical implications, strengths and weaknesses of the proposed framework are analysed and discussed.Keywords: credit risk analysis, multiple criteria decision analysis (MCDA), small and mediumsized enterprises (SMEs), TODIM (Portuguese acronym for interactive multiple criteria decision making).JEL Classification: C44, D70, M21.

show abstract

“…Catalão 2010), characterized by a lack of transparency in its transactions, it is an important element of any country's economy, as an indicator of its performance (cf. Ebru, Eban 2009;Rybak, Shapoval 2011;Warren 2011;ferreira et al 2014a). In fact, since it is intrinsically associated with the functioning of the labor, financial, goods and services markets, any change in the housing market impacts those underlying markets as well.…”

Section: Measuring Tom: Fundamentals and Methodologiesmentioning

confidence: 99%

For Sale… but for How Long? A Methodological Proposal for Estimating Time-on-the-Market

Martins

Filipe

Ferreira

et al. 2015

International Journal of Strategic Property Management

Self Cite

View full text Add to dashboard Cite

abstract. residential real estate assumes crucial importance in a country's socioeconomic development. It is an important field of study, and much work has gone into better understanding the sector and the factors determining sales within it, such as time-on-the-market (TOM). TOM can be influenced by a variety of elements; a fact that in effect raises a lot of issues, because these determinants are often interpreted in an ambiguous or unstructured way. This study aims to bring greater accuracy and structure to our understanding of these factors, by showing that the integrated use of cognitive mapping with the Analytic Hierarchy Process (AHP) can give rise to a conceptually coherent and empirically valid framework to calculate TOM indices in the residential real estate market. Because it takes into account both tangible and intangible characteristics of a house, this measurement framework also boosts strategic planning support and allows for more informed business planning, which we believe can be a real contribution to the development of the real estate market. The practical implications and limitations of this evaluation system are also discussed.

show abstract

An Ahp-Based Approach to Credit Risk Evaluation of Mortgage Loans

Cited by 36 publications

References 44 publications

Protection of Cultural Heritage Buildings and Artistic Assets from Seismic Hazard: A Hierarchical Approach

Protection of Cultural Heritage Buildings and Artistic Assets from Seismic Hazard: A Hierarchical Approach

An Idiosyncratic Decision Support System for Credit Risk Analysis of Small and Medium-Sized Enterprises

For Sale… but for How Long? A Methodological Proposal for Estimating Time-on-the-Market

Contact Info

Product

Resources

About