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Ahp-Analyzing the Ahp Method with Exercise

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Mathematics
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Ahp-Analyzing the Ahp Method with
Exercise
1. Abstracts (with objective)
By carrying out this home assignment, we can recognize the importance of AHP
methods and master the way that how AHP would be used in actual exercises.
2. Introduction
The AHP (Analytic Hierarchy Process) is a structured technique for organizing and
analyzing complex decisions. Based on mathematics and psychology, it was developed
by Thomas L. Saaty in the 1970s and has been extensively studied and refined since
then. It has particular application in group decision making, and is used around the world
in a wide variety of decision situations, in fields such as government, business, industry,
healthcare, and education. Rather than prescribing a "correct" decision, the AHP helps
decision makers find one that best suits their goal and their understanding of the
problem. It provides a comprehensive and rational framework for structuring a decision
problem, for representing and quantifying its elements, for relating those elements to
overall goals, and for evaluating alternative solutions. Users of the AHP first decompose
their decision problem into a hierarchy of more easily comprehended sub-problems,
each of which can be analyzed independently. The elements of the hierarchy can 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
evaluate 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 about the elements, but they
typically use their judgments about the elements' relative meaning and importance. It is
the essence of the AHP that human judgments, and not just the underlying information,
can be used in performing the evaluations. The AHP converts these evaluations to
numerical values that can be processed 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 capability distinguishes the AHP from other decision
making techniques. In the final 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 straightforward consideration of the
various courses of action. Several firms supply computer software to assist in using the
process.

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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 selected 4 possible
alternatives which have top name value in Korea. So we considered 4 alternatives which
is Yonsei, Korea, Sung Kyun Kwan (SKK) and Sogang MBA. Each MBA course has a
specified characteristics and it is reflected in criteria and subcriteria which is selected by
our team.
In general, The Master of Business Administration (MBA or M.B.A.) is a master's degree
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 country industrialized and companies sought out scientific
approaches to management. The core courses in the MBA program 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 taking general business courses throughout the program or can select
an area of concentration and focus approximately one-fourth of their studies in this
subject. From now on, let’s study the each MBA course characteristics. University|
Categories| Characteristics|
Yonsei| Corporate MBA| ▪ Periods : 2 years (22 months) ▪ Credits to graduate : 45
credits▪ Sections : Finance / Marketing / Strategy & Management▪ Focus 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 concept 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 has a lot of MBA course. But we choose the one course which is main categories
▪ Setting 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 evaluate the each MBA
course, we select 4 criteria and subcriteria which is NO.| Criteria| Subcriteria|
1.| Competition ratio| No subcriteria|
2.| Supporting| # of foreign professor|

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Ahp-Analyzing the Ahp Method with Exercise 1. Abstracts (with objective) By carrying out this home assignment, we can recognize the importance of AHP methods and master the way that how AHP would be used in actual exercises. 2. Introduction The AHP (Analytic Hierarchy Process) is a structured technique for organizing and analyzing complex decisions. Based on mathematics and psychology, it was developed by Thomas L. Saaty in the 1970s and has been extensively studied and refined since then. It has particular application in group decision making, and is used around the world in a wide variety of decision situations, in fields such as government, business, industry, healthcare, and education. Rather than prescribing a "correct" decision, the AHP helps decision makers find one that best suits their goal and their understanding of the problem. It provides a comprehensive and rational framework for structuring a decision problem, for representing and quantifying its elements, for relating those elements to overall goals, and for evaluating alternative solutions. Users of the AHP first decompose their decision problem into a hierarchy of more easily comprehended sub-problems, each of which can be analyzed independently. The elements of the hierarchy can relate to any aspect of the decision problem—tangible or intangible, carefully measured or roughly estimated, well- or poorly-understood—anything at all that applies to the decision at hand. Once the hierarchy is built, the d ...
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