Analytic Hierarchy Process Applied for Benefits—Opportunities—Costs—Risks Management

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Risk".

Deadline for manuscript submissions: closed (1 November 2023) | Viewed by 3723

Special Issue Editors


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Guest Editor
Faculty of Engineering of Guaratinguetá, Sao Paulo State University, Av. Dr. Ariberto Pereira da Cunha, 333 - Pedregulho, Guaratinguetá 12516-410, SP, Brazil
Interests: AHP; fuzzy

Special Issue Information

Dear Colleagues,

The Analytic Hierarchy/Network Processes (AHP/ANP), proposed by Prof. Thomas Saaty, are leading methods for multiple criteria decision analysis (MCDA). Prof. Saaty also developed the Model BOCR, where B stands for Benefits, O for opportunities, C for costs, and R for risks. B and O represent favorable aspects for an alternative, and C and R are unfavorable. Furthermore, B and C are certain aspects, and O and R are uncertain. Therefore, the application of AHP/ANP with Model BOCR allows the elicitation of mutually exclusive and collectively exhaustive criteria.

This Special Issue (SI) will be primarily driven to practical papers, bringing case studies from real-world applications. However, as this is not a specific requirement,  methodological or theoretical contributions will also be considered for publication in the SI. For instance, hybrid applications of AHP/ANP with other MCDA methods will be very welcome in this SI.

AHP/ANP have been proven to be flexible, with successful applications in unlimited fields. Manuscripts are expected to present applications in Education, Entrepreneurship, Government, Healthcare, Industry, Innovation, Social responsibility, Supply chain management, and Sustainability, to name a few.

Dr. Valério Salomon
Dr. Antonella Petrillo
Guest Editors

Manuscript Submission Information

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Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • analytic hierarchy process
  • analytic network process
  • benefits–opportunities–costs–risks
  • multiple criteria decision analysis

Published Papers (1 paper)

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Research

12 pages, 508 KiB  
Article
Managers’ Perception and Attitude toward Financial Risks Associated with SMEs: Analytic Hierarchy Process Approach
by Mahmaod Alrawad, Abdalwali Lutfi, Mohammed Amin Almaiah, Adi Alsyouf, Akif Lutfi Al-Khasawneh, Hussin Mostafa Arafa, Nazar Ali Ahmed, Ahmad M. AboAlkhair and Magdy Tork
J. Risk Financial Manag. 2023, 16(2), 86; https://doi.org/10.3390/jrfm16020086 - 01 Feb 2023
Cited by 19 | Viewed by 3245
Abstract
This study aimed to identify financial and cash flow risks associated with SMEs and investigated how managers perceived these risks using the analytical hierarchical process (AHP). Accordingly, a three-level decision model was structured using two criteria, probability and consequences, and a list of [...] Read more.
This study aimed to identify financial and cash flow risks associated with SMEs and investigated how managers perceived these risks using the analytical hierarchical process (AHP). Accordingly, a three-level decision model was structured using two criteria, probability and consequences, and a list of six different types of risks as decision alternatives. Data were collected by a survey questionnaire from SME managers/owners and analyzed in accordance with the AHP method. The results show that the priority weight for risk criteria was 52% for probability and 48% for consequences. Further, with an average weight of 18.8%, the risk of an increase in bank charges ranked as the highest type of risk faced by SMEs. However, the risk of low or no profits was ranked as the lowest with an average weight of 13.4%. This study is one of the few, if not the first, to investigate SME managers’ perceptions using an AHP method and to provide insightful information on how SME managers/owners perceived various financial and cash flow risks. The study results may support the use of the AHP method in understanding managers’ perceptions and attitudes toward various types of risks associated with SMEs. Full article
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