Using Analytical Hierarchy Process in Decision Analysis - The Case of Vietnam State Securities Commission

Abstract Full-Text HTML Download Download as PDF (Size:211KB) PP. 139-144
DOI: 10.4236/ib.2010.22017    5,310 Downloads   9,683 Views   Citations


This paper uses Saaty’s Analytical Hierarchy Process (AHP) to formulate the strategy framework for Vietnam’s State Securities Commission (SSC). In the first step, a questionnaire was designed to find Key Success Factors (KSFs) of the strategy of Taiwan Financial Supervisory Commission (FSC) by using the benchmarking technique. Criteria for questionnaire are carefully selected based on the Principles for securities market regulation set forth by the International Organization of Securities Commissions (IOSCO). The KSFs of FSC were then used to conduct a survey in the State Securities Commission of Vietnam (SSC). The data collected by AHP-structured pair wise comparisons were constructed into a computer-based program called Expert Choice. The result shows that top priority choice for SSC is to build up financial and operational capacity for securities firms, which in turn, will best support other alternatives. Another finding shows useful techniques in strategic management widely applicable in the business world can perfectly fit into the not-for-profit contexts in a way that it can help SSC reassessing and remodeling current flows of work in developing the nascent securities market to be the market that protect investors, insure fair, effective, transparent environment and reduce market systemic risk.

Cite this paper

H. Nguyen, C. Fong and C. Ho, "Using Analytical Hierarchy Process in Decision Analysis - The Case of Vietnam State Securities Commission," iBusiness, Vol. 2 No. 2, 2010, pp. 139-144. doi: 10.4236/ib.2010.22017.

Conflicts of Interest

The authors declare no conflicts of interest.


[1] P. T. Harker and L. G. Vargas, “The Theory of Ratio Scale Estimation: Saaty’s Analytic Hierarchy Process,” Management Science, Vol. 33, No. 11, November 1987, pp. 1383-1403.
[2] T. L. Saaty, “Modeling Unstructured Decision Problems: A Theory of Analytical Hierarchy,” Proceedings of the First International Conference on Mathematical Modeling, University of Missouri-Rolla, Rolla, Vol. 1, 1997, pp. 59-77.
[3] E. H. Forman, “The Analytic Hierarchy Process as a Decision Support System,” Proceedings of the IEEE Computer Society, Salt Lake, 1983.
[4] T. L. Saaty, “Multicriteria Decision Making: The Analy- tic Hierarchy Process,” WS Publication, Pittsburgh, 1990.
[5] Y. Wind and T. L. Saaty, “Marketing Applications of the Analytic Hierarchy Process,” Management Science, Vol. 26, No. 7, 1980, pp. 641-658.
[6] L. G. Vargas, “An Overview of the Analytic Hierarchy Process and its Applications,” European Journal of Operational Research, Vol. 48, No. 11, 1990, pp. 2-8.
[7] F. Zahedi, “The Analytic Hierarchy Process: A Survey of Methods and its Applications,” Interfaces, Vol. 16, No. 4, 1986, pp. 96-108.
[8] P. Bagchi, R. P. Rao, “Decision Making in Mergers: An Application of the Analytic Hierarchy Process,” Manag- erial and Decision Economics, Vol. 13, No. 2, March - April 1992, pp. 91-99.
[9] O. S. Vaidya and S. Kumar, “Analytic Hierarchy Process: An Overview of Applications,” European Journal of Operational Research, Vol. 169, No. 1, 2006, pp. 1-29.

comments powered by Disqus

Copyright © 2020 by authors and Scientific Research Publishing Inc.

Creative Commons License

This work and the related PDF file are licensed under a Creative Commons Attribution 4.0 International License.