Ahp-Analyzing the Ahp Method with Exercise

1. Abstracts (with objective) By carrying out this home assignment, we fucking recognize the importance of AHP rules and master the path that how AHP would be employ in actual exercises. 2. Introduction The AHP (Analytic Hierarchy Process) is a structured technique for organizing and analyzing complex lasts. Based on mathematics and psychology, it was essential by Thomas L. Saaty in the 1970s and has been extensively studied and elegant since then.It has particular application in group end making, and is used most the world in a wide variety of decision situations, in fields such as government, business organisation, industry, healthcare, and education. Rather than prescribing a correct decision, the AHP helps decision makers find iodin that best suits their goal and their understanding of the problem. It provides a universal and rational framework for structuring a decision problem, for even offing and quantifying its elements, for relating those elements to over both g oals, and for evaluating alternative solutions.Users of the AHP runner decompose their decision problem into a hierarchy of more slowly comprehended sub-problems, each of which buttocks be analyzed independently. The elements of the hierarchy crowd out relate to any aspect of the decision problemtangible or intangible, carefully measured or roughly estimated, well- or poorly-understoodanything at all that applies to the decision at hand. Once the hierarchy is built, the decision makers systematically adjudicate its various elements by comparing them to one another two at a time, with respect to their impact on an element above them in the hierarchy.In making the comparisons, the decision makers can use concrete data closely the elements, but they typically use their judgments about the elements sexual intercourse meaning and importance. It is the amount of the AHP that human judgments, and not just the underlying information, can be used in performing the evaluations. The A HP converts these evaluations to numerical ranges that can be graceful and compared over the entire range of the problem. A numerical weight or priority is derived for each element of the hierarchy, allowing diverse and often incommensurable elements to be compared to one another in a rational and consistent way.This cleverness distinguishes the AHP from other decision making techniques. In the lowest step of the process, numerical priorities are calculated for each of the decision alternatives. These numbers represent the alternatives relative ability to achieve the decision goal, so they allow a unbiased consideration of the various courses of action. Several firms supply computer software to attend in victimization the process. 3. Data & Results ? Assuming the choice of MBA course / Selecting 4 alternative models / Characteristics We are considering applying domestic MBA.To make various important elements of decision easier, we want to apply our decision situations to AHP. We alloted 4 possible alternatives which have carousel name value in Korea. So we considered 4 alternatives which is Yonsei, Korea, Sung Kyun Kwan (SKK) and Sogang MBA. distributively MBA course has a specified characteristics and it is reflected in criteria and subcriteria which is selected by our team. In general, The subjugate of Business Administration (MBA or M. B. A. ) is a masters leg in business administration, which attracts people from a wide range of academic disciplines.The MBA designation originated in the United States, emerging from the late 19th century as the uncouth industrialized and companies sought out scientific approaches to management. The core courses in the MBA platform are designed to introduce students to the various areas of business such as accounting, finance, marketing, human resources, operations management, etc. Students in MBA programs have the option of victorious general business courses throughout the program or can select an area of c oncentration and focus approximately one-fourth of their studies in this suit. From straight off on, lets study the each MBA course characteristics.University Categories Characteristics Yonsei Corporate MBA ? Periods 2 years (22 months) ? Credits to graduate 45 credits? Sections pay / selling / Strategy Management? focussing on middle class managers who has a working experience Korea Korea MBA ? Periods 2 years (4semesters)? Credits to graduate 45 credits? Sections 8 specialized majors? Focus on educating workers with creation of consumers SKK Asia MBA ? Periods 2 years (4semesters)? Credits to graduate 45 credits? Focus on education being based on globalization Sogang SIMBA ? Periods 2 years (4semesters)? Credits to graduate 45 credits?Sections Management / Finance? Subdivide the 3 tracks when applicants enter? Focus on getting a deep knowledge applying it to exercise *Each graduated school day has a lot of MBA course. But we choose the one course which is impo rtant categories ? shot own criteria cubcriteria The first step is to model the problem as a hierarchy. In doing this, we can explore the aspects of the problem at levels from general to detailed. And to prise the each MBA course, we select 4 criteria and subcriteria which is NO. Criteria Subcriteria 1. contestation ratio No subcriteria 2. encouraging of outside(prenominal) professor of twofold degree with graduated school 3. guardianship Tuition Admission recompense 4. Curriculum of shoot the breezes of side of meat narks Competition ratio (represent the name value of school) In Korea, when applicants choose the university, the name value and traditionality of school is main component parts. We think that competition ratio represent the name value of school. So it is deserved to regulate in 1st. Supporting ( of unusual professor / of dual degree with graduated school) Of course, supporting option has to be considered in important factor. But this fac tor is not a main option to choosing the school.So we rank it in 4th. And in the aspects of subcriteria, we think that of dual degree can be considered more heavily than of foreign professor. So, we bandage bigger weighted factor to of dual degree than of foreign professor. Tuition (Tuition / Admission bung) In financial situation of applicants, tutorship of MBA course is truly expensive. So, it can be a main factor of choosing the school. But it isnt deserved to rank upper than competition ratio. So, we rank it in 2nd. Furthermore, in the aspects of subcriteria, we think that tuition can be considered more heavily than entrance fee.Because admission fee have to be paid just one time when the applicants enter the school. So, we attach bigger weighted factor to tuition than admission fee. Curriculum ( of Lectures / of English Lectures) When applicants select the school, curriculum is serious factor that have to be concerned. But, as usual, each MBA course open the subject in similar. It means that it cant be a main factor. So, we rank it 3rd. Furthermore, in the aspects of subcriteria, we think that of lecture can be considered more seriously than of English lecture. Of course, in globalization is realized widely, English is infallible whatever we do.But, diversity of subjects can be considered more important than of English lectures. So, we attach bigger weighted factor to of lecture than of English lecture. So, we rank the each criteria subcriteria like Ranking (Scoring) Criteria Subcriteria 1st Competition ratio No subcriteria 2nd Tuition 1st Tuition 2nd Admission Fee 3rd Curriculum 1st of Lecture 2nd of English Lecture 4th Supporting 1st of dual degree 2nd of foreign professor ? Collecting the basic data of criteria subcriteria 1. Competition ratioUniversity Categories of Recruitment of applicant of Successful Candidate Competitiveness ratio Yonsei Corporate MBA 128 502 128 3. 9 1 Korea Korea MBA 187 920 187 4. 9 1 SKK Asi a MBA 18 39 23 2. 2 1 Sogang SIMBA 60 127 42 2. 1 1 *Seoul University didnt lift the student in 2012. So, it is excluded. 2. Supporting ( of foreign professor / of dual degree with graduated school) University Categories of foreign professor of dual degree Yonsei Corporate MBA 9 2 Korea Korea MBA 14 3 SKK Asia MBA 39 4 Sogang SIMBA 2 5 3.Tuition (Tuition / Admission Fee, unit ) University Categories Tuition Admission Fee Yonsei Corporate MBA 4000 cxx Korea Korea MBA 4200 120 SKK Asia MBA 5000 100 Sogang SIMBA 3700 110 4. Curriculum ( of Lecture / English Lecture) University Categories of Lecture of English Lecture Yonsei Corporate MBA 50 6 Korea Korea MBA 35 13 SKK Asia MBA 12 12 Sogang SIMBA 24 20 ? Applying AHP to choose a final model So, we determine the weighted factors like leaden factor of criteria Weighted factor of subcriteria Competition ratio 0. 360 No subcriteria Supporting 0. 55 of foreign professor 0. 303 of dual degree 0. 697 Tuition 0. 265 Tuition 0. 9 09 Admission Fee 0. 091 Curriculum 0. 220 of Lecture 0. 602 of English Lecture 0. 398 4. Discussion By using a AHP method, we can get a objective information which can make for us a wise decision in selecting the MBA school. Of course, it provides the affirm standard in making a choice. But applicants preference can pass over that data. Furthermore, applicants specifications are different. So, choice is depending on own their decision. The AHP method is the only tool that can provide the objective data.