Applying the Analytical Hierarichy Process and Weighted Sum Model for Small Project Selection in Iraq

Abstract

The assessment and selection of small projects are usually carried out using commercial, official, environmental and marketing data before the investment decision is made. Small projects are among the most important sources of job opportunities and revenue in many nations. The contribution of small enterprises the provision of work has been a controversial issue around the world, it is therefore important to clarify how best to choose between projects. This paper shows an example from Karbala governorate, which demonstrates project prioritization through two project selection methods. A questionnaire was completed and scores were computed for prioritizing potential projects. The first category used an analytical hierarchy process (AHP) model for investment selection when comparing a number of options (alternatives) with respect to specific criteria, then investment with the highest weight was used to select small projects in this field for second stage transference. The second category used a weighted sum model (WSM) for top small project selection, which operated by obtaining all small project scores, and declaring that with the highest project to score to be the best small project. After combining the data and research procedure, we found that the best option from among small projects in Karbala was an industrial dairy factory.

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