“…Several researchers have studied the CAPES assessment system (Horta &Moraes, 2005;Maccari, Almeida et al, 2009;Maccari, Lima et al, 2009;Maccari, Rodrigues, Alessio&Quoniam, 2008;Maccari, Rodrigues, Coimbra&Almeida, 2006;Maccari, 2008;Martins, Maccari, Storopoli, Almeida&Riccio, 2012;MELLO et al, 2010;Mello &Crubellate, 2008;Pereira, 2005;Viana et al, 2008). Many researchers have investigated portfolio management using the AHP method (Archer & Ghasemzadeh, 1999;Begičević, Divjak & Hunjak, 2010;Carvalho & Pessôa, 2012;Cooper, Edgett&Kleinschmidt, 1999Costa, 2011;Ensslin, ANDREIS, Medaglia, De Carli & Ensslin, 2012;Forman & Gass, 2001;Forsberg, Mooz & Cotterman, 2005;Ghasemzadeh & Archer, 2000;Modica et al, 2010;Padovani, Carvalho & Muscat, 2010;Padovani et al, 2008;Saaty, 1999;Wallenius et al, 2008).…”