Ahp-Analyzing the Ahp Method with Exercise

1. Abstracts (with objective) By carrying out this home assignment, we rouse recognize the importance of AHP methods and master the way that how AHP would be apply in actual exercises. 2. Introduction The AHP (Analytic pecking order Process) is a structured technique for organizing and analyzing complex symmetrycinations. Based on mathematics and psychology, it was developed by doubting Thomas L. Saaty in the 1970s and has been extensively studied and refined since then.It has particular application in group last devising, and is used around the world in a wide variety of termination situations, in handle such as government, business, industry, healthcargon, and education. Rather than prescribing a correct decision, the AHP helps decision makers find cardinal that best suits their final stage 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 relat ing those elements to overall goals, and for evaluating alternative solutions.Users of the AHP offset printing decompose their decision problem into a hierarchy of more easily comprehended sub-problems, each of which dissolve be analyzed independently. The elements of the hierarchy burn relate to any aspect of the decision problem material 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 some other two at a time, with respect to their impact on an element above them in the hierarchy.In making the comparisons, the decision makers posterior use concrete data most 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 perfo rming the evaluations. The AHP converts these evaluations to numerical values that can be processed and compared over the entire set up of the problem. A numerical weight or priority is derived for each element of the hierarchy, allowing diverse and often inapposite 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 total represent the alternatives relative ability to achieve the decision goal, so they allow a straightforward circumstance of the various courses of action. Several firms supply computer software to assist in using the process. 3. Data & Results ? expect the choice of MBA course / Selecting 4 alternative models / Characteristics We are considering applying domestic MBA.To make various grievous elements of decision easier, we want to apply our decision si tuations to AHP. We conveyed 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 strikeed by our team. In general, The Master of Business Administration (MBA or M. B. A. ) is a masters peak 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 one C 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, lets 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? concentrate on on middle class managers who has a working finger 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 have school has a lot of MBA course. But we hire 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. rivalry ratio No subcriteria 2. living of foreign professor of dual degree with graduated school 3. care Tuition Admission give 4. Curriculum of Lectures of slope Lectures Competition ratio (represent the name value of school) In Korea, when applicants choose the university, the name value and traditionality of school is main factors. We value that competition ratio represent the name value of school. So it is merited to rank in first. Supporting ( of foreign professor / of dual degree with graduated school) Of course, supporting option has to be considered in important factor. But this factor is not a main option to choosing the school.So we rank it in 4th. And in the aspects of s ubcriteria, we hypothesize that of dual degree can be considered more heavily than of foreign professor. So, we append bigger burden factor to of dual degree than of foreign professor. Tuition (Tuition / Admission Fee) In financial situation of applicants, breeding of MBA course is very 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 admission 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 circulate the subject in similar. It means that it cant be a main factor. So, we rank it 3rd. Furthermore, i n the aspects of subcriteria, we think that of lecture can be considered more seriously than of English lecture. Of course, in globalization is realised widely, English is needed 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 world-class 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 Asia MBA 18 39 23 2. 2 1 Sogang SIMBA 60 127 42 2. 1 1 *capital of South Korea Uni versity didnt recruit 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 great hundred 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 Weighted 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. 909 Admission Fee 0. 091 Curriculum 0. 220 of Le cture 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 extraneous decision in selecting the MBA school. Of course, it provides the verified 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.