Using AHP for evaluation of criteria for agro-industrial projects

Din, Gregory Yom; Yunusova, Aislu B.

doi:10.15226/2572-3154/1/1/00104

Cited by 3 publications

(1 citation statement)

References 11 publications

(19 reference statements)

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“…Table 1 illustrates a short literature review emphasizing the main theoretical contributions related to application of the FAHP/AHP methods in the agricultural area. The AHP method was also used to evaluate criteria when evaluating agro-industrial projects (Din & Yunusova, 2016) and when formulating public policies related to family farms (Petrini et al, 2016).…”

Section: Literature Reviewmentioning

confidence: 99%

A Fahp and Vikor Method for Evaluation of the Financial Performance of Agriculture Companies Listed on the Belgrade Stock Exchange

Kovjanić¹,

Vukadinović²,

Knežević³

et al. 2023

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Decision-making can be improved by using different models by financial statements users for different purposes. In this paper, the FAHP model was implemented for financial performance evaluation of companies operating within the A-agriculture, forestry and fisheries sectors on the Belgrade Stock Exchange. In addition, we used the VIKOR method, for ranking companies against the results achieved. With all the constrains shown, the research presented in this paper, raises questions for insight and future development, through the possibilities of ranking the financial performance of the company.

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Section: Literature Reviewmentioning

confidence: 99%

A Fahp and Vikor Method for Evaluation of the Financial Performance of Agriculture Companies Listed on the Belgrade Stock Exchange

Kovjanić¹,

Vukadinović²,

Knežević³

et al. 2023

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The Analytic Procedure Method of Selection of Object for Investing

Кузниченко¹,

Lapshyn²,

Семенець³

et al. 2021

ФКДПТП

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Human activity and entrepreneurship are constantly faced with the problems of choice and decision making. The quality of the decisions depends on the experience of the analysts who develop the selection techniques and methods of decision-making, as well as on the methods implemented, each with its own advantages and disadvantages. In this regard, it is relevant to create new methods, to develop and improve well-known methods of decision-making. In the theory of decision-making taking into account many criteria (problems of selection of many criteria) allows to bring the model closer to the description of the real situation. Many decision-making methods have been developed and applied. The most common method of choosing the optimal decision for several criteria in the absence of an objective measurement scale is the method of analytical hierarchy process (T. Saaty).This confirms the widespread use of the method of analytical hierarchy process in various socio-economic fields. The method of analytical hierarchy process attracts the attention of scientists in various fields of activity due to its ability to support solutions in the problems of economy, ecology, medicine, development of production and non-production technologies, investments. The number of publications on the shortcomings in the application of the hierarchy analysis method has increased recently. It is noteworthy that the number of articles that use the integration of the hierarchy analysis method with selection of the optimal alternative under many criteria is limited. Research of effective and reliable method of making decision in the choice of objects for investing is actual. One of the approaches to constructing the procedure for selecting investment objects is used in this paper. A change both amounts of objects and amounts of elected criteria for this objects is characterized. The worked out and offered method of analytical procedure can be universal and enough objective method for electing of investing object. In the process of choice of objects (alternatives) at the change of their amount or amount of criteria at the use of method of analytical procedure primary global priorities of alternatives (criteria) do not only change the signs of their comparison but also keep their correlation. Unlike the Analytic Hierarchy Process approach, global priorities of the criteria are defined by the method of analytical procedure in a concordance with alternatives, that extends the amount of tasks for use of this method.

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Land Suitability Evaluation for Cassava Production Using Integral Value Ranked Fuzzy AHP and GIS Techniques

Abimbola¹,

Ewang²,

Rahmon³

et al. 2021

IJHIT

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This study presents an improved integral value ranked Fuzzy Analytic Hierarchy Process (FAHP) and Geographic Information System (GIS) based Multi-Criteria Decision Making (MCDM) technique to help decision-makers/farmers evaluate and map suitable lands for optimum cassava production. Selected input/ suitability factors chosen from literature and experts' opinion were: pH, organic carbon, cation exchange capacity, slope, aspect, elevation, temperature, relative humidity, rain, distance from river and road. The improved integral value ranked FAHP method was used in prioritizing and assigning weights to each causative factor in the MCDM process due to its effectiveness, consistency, and ease of implementation. Land suitability maps were created using GIS techniques based on the aggregation of the various input factors and their derived weights. The outcome of the aggregation was reclassified into four classes using the standard deviation classification method (this method shows how much a feature deviates from the mean). Results obtained showed that 40% of the total area was highly suitable (S1), 36% was moderate suitability (S2), 20% was marginally suitable (S3) and 4% was not suitable (N). Results also showed that pH and organic content of the soil were the major determinants of soil suitability for cassava cultivation in the study area. This study showed the effectiveness of the proposed approach in assessing and mapping suitable areas for optimum cassava production within the study area.

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Using AHP for evaluation of criteria for agro-industrial projects

Cited by 3 publications

References 11 publications

A Fahp and Vikor Method for Evaluation of the Financial Performance of Agriculture Companies Listed on the Belgrade Stock Exchange

A Fahp and Vikor Method for Evaluation of the Financial Performance of Agriculture Companies Listed on the Belgrade Stock Exchange

The Analytic Procedure Method of Selection of Object for Investing

Land Suitability Evaluation for Cassava Production Using Integral Value Ranked Fuzzy AHP and GIS Techniques

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