Decision making concept can be defined as selection process choosing one of the options, if the
outcomes are not certain. In practice it is not sufficient to evaluate the options according to the simplest
form of decision making only based on a criterion. In such cases, we must consider all the variety of different
information to decide to best option. It arise the requirement of multi-criteria decision making methods.
AHP (Analytical Hierarch Process) is a technique that models the relations which are different stage.
On the other hand that technique is insufficient to evaluate interdependency relations. The ANP (Analytic
Network Process) has the ability to add all the criteria related with the issue. The method of the ANP can
be described as follows. The first phase of the ANP is to compare the criteria in whole system to form the
supermatrix. This is done through pairwise comparisons by asking experts.
The first step of the ANP is to compare the importance between each criterion. The next step is to
calculate the influence of the elements (criteria) in each component (matrix) using the eigenvalue method.
In this research, financial performans ranking of Turkish Insurance companies, which large-scaled
business in non-life branches, are obtained for the period 2006-2010 using financial ratios of companies
and applying the ANP model which was developed with the superdecision software.
Keywords: ANP, performance ranking, Turkish insurance sector, financial ratios
|APA||Akhisar, I . (). . , 6 (11), . DOI: 10.14784/JFRS.2014117324|
|MLA||Akhisar, I . "". 6 (): <http://e-dergi-marmara.dergipark.gov.tr/marufacd/issue/508/4604>|
|Chicago||Akhisar, I . "". 6 ():|
|RIS||TY - JOUR T1 - AU - Ilyas Akhisar Y1 - 2015 PY - 2015 N1 - doi: 10.14784/JFRS.2014117324 DO - 10.14784/JFRS.2014117324 T2 - Finansal Araştırmalar ve Çalışmalar Dergisi JF - Journal JO - JOR SP - 0 EP - VL - 6 IS - 11 SN - 1309-1123-2529-0029 M3 - doi: 10.14784/JFRS.2014117324 UR - http://dx.doi.org/10.14784/JFRS.2014117324 Y2 - 2018 ER -|
|EndNote||%0 Finansal Araştırmalar ve Çalışmalar Dergisi %A Ilyas Akhisar %T %D 2015 %J Finansal Araştırmalar ve Çalışmalar Dergisi %P 1309-1123-2529-0029 %V 6 %N 11 %R doi: 10.14784/JFRS.2014117324 %U 10.14784/JFRS.2014117324|