Application of the analytic hierarchy process method in a comparison of financial leasing and loans

Chalúpková, Eva; Franěk, Jiří

doi:10.7327/cerei.2014.06.03

Cited by 6 publications

(3 citation statements)

References 6 publications

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“…Pukala and Petrova (2019) proposed a Analytic Hierarchy Process (AHP)-based approach to the process of financing innovation sources selection by companies. In the mining industry, Chalúpková & Franek (2014) introduced an AHP-based decision support system in a comparison of financial leasing and loans processes. The research employed AHP and sensitivity analyses to select the optimal form of asset acquisition based on clients' selected criteria.…”

Section: Literature Reviewmentioning

confidence: 99%

Sustainability in the Business Sector: A Fuzzy Multicriteria Decision-Making Model for Financial Leasing Company Selection of the Vietnamese SMEs

et al. 2021

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The uses and management of capital is extremely important to the operation of any businesses. However, not all businesses have available capital, so the use of loans in many different forms is always an effective solution in managing corporate finance. Accompanying with businesses, many financial leasing companies have implemented products and programs to lend money to businesses with low interest rates. So, choosing the best financial leasing company is a primary concern of businesses. To increase competitiveness, financial leasing companies often offer preferential conditions to attract businesses. Choosing the best financial leasing service to leasing is important and necessary to those businesses. Thus, the selection of a financial leasing company by small and medium enterprises benefits from the application of Multicriteria Decision-Making (MCDM) methods which allows the decision maker to consider various qualitative and quantitative criteria. In this article, the author applied Fuzzy Analytical Network Process (FANP) to calculate the related criteria weights of the financial leasing company selection problem of businesses. Then, the Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) is applied to rank the potential decision-making units. This research establishes one complete and efficient model for financial leasing company selection using FANP and TOPSIS methods. The proposed model is then applied into a real-world case study to demonstrate its feasibility.

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Section: Literature Reviewmentioning

confidence: 99%

Sustainability in the Business Sector: A Fuzzy Multicriteria Decision-Making Model for Financial Leasing Company Selection of the Vietnamese SMEs

et al. 2021

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“…In a research of selecting the best financial leasing case for bank customers, Chalúpková and Franek (2014) summarized that the best alternative for a customer is not being sensitive to a change in the weights estimated by the AHP in their research. For determining the weights of the RFM model, some relevant studies were applied in different industries, such as Shih and Liu (2003) applied the AHP procedure to determine the weights of the RFM model and sort the customer values.…”

Section: Analytic Hierarchy Process Proceduresmentioning

confidence: 99%

Establishing high value markets for data-driven customer relationship management systems

Chiang

2019

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Purpose Online customer relationship management (CRM) is an important issue for implementing digital marketing of electronic commerce or social commerce. The purpose of this study is to establish valuable markets for discovering customer knowledge from data-driven CRM systems for enhancing growth rates of businesses. Airline or travel agency industries are online businesses in the world. Therefore, the industries in Taiwan will be an empirical case for this study. Design/methodology/approach This research applied a procedure with an applied proposed model for establishing valuable markets from data-driven CRM systems. However, the study used a proposed customer value model (recency, frequency and monetary [RFM]; RFM model-based), the analytic hierarchy process (AHP) procedure and a proposed equation for estimating customer values. Findings For enhancing the data-driven CRM marketing of the industries, in this research, the market of air travelers can be partitioned into eight markets by the proposed model. As well, the markets can be ranked by the AHP procedure. Furthermore, the travelers’ customer values can be estimated by a proposed customer value equation. Originality/value Via the applied proposed procedure, online airlines, travel agencies or other online businesses can implement the research procedure as their data-driven marketing strategy on their online large-scale or Big Data customers’ databases for enhancing sales rates.

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“…The identification and evaluation of the factors in FSCM adoption is not easy. Chalupakova et al [23] found that some decisions are spontaneous and others time consuming, requiring detailed information about their implycations. Author used AHP method because AHP can show a detailed version of problem in a structured way.…”

Section: Literature Reviewmentioning

confidence: 99%

Exploring the causes of Low-Productivity in Dairy Supply Chain using AHP

Mor

Singh

Bhardwaj

2018

jti

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Dairy industry is one of the essential global industries with considerably important implications for world economy where the dairy supply chain (DSC) cover every stage of the food system starting from the milk production at farmer's level to final consumption. For achieving success in the dairy supply chain, it is needed to focus on critical factors (CFs) that are necessary for an organization to achieve its corporate goals with continually improving the operational performance. In this context, the current study is an attempt to identify the critical factors causing low-productivity in dairy supply chain. After comprehensive literature review and pilot study conducted in select dairy industries located in northern region of India, a total of 32 critical factors have been identified. A structured questionnaire has been designed and the data has been collected from select cooperative dairy industries. Further, only eight critical factors have been carried forward for AHP analysis based on the criticality of CFs from collected data. The factor having higher weightage score is considered as major CF. The findings of this study indicate that the poor logistics and transportation facilities is the most critical factor as productivity barrier in the context of cooperative milk processing units in located at northern India. This research study would be useful for the academics as well as for the dairy professionals and managers to manage their production operations effectively by considering the identified CFs.

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Application of the analytic hierarchy process method in a comparison of financial leasing and loans

Cited by 6 publications

References 6 publications

Sustainability in the Business Sector: A Fuzzy Multicriteria Decision-Making Model for Financial Leasing Company Selection of the Vietnamese SMEs

Sustainability in the Business Sector: A Fuzzy Multicriteria Decision-Making Model for Financial Leasing Company Selection of the Vietnamese SMEs

Establishing high value markets for data-driven customer relationship management systems

Exploring the causes of Low-Productivity in Dairy Supply Chain using AHP

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