Research Article

PERFORMANCE RANKING OF TURKISH INSURANCE COMPANIES: THE ANP APPLICATION

Volume: 6 Number: 11 January 27, 2015
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PERFORMANCE RANKING OF TURKISH INSURANCE COMPANIES: THE ANP APPLICATION

Abstract

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 Şrst 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 Şrst 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

References

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Details

Primary Language

English

Subjects

-

Journal Section

Research Article

Publication Date

January 27, 2015

Submission Date

January 27, 2015

Acceptance Date

-

Published in Issue

Year 2014 Volume: 6 Number: 11

APA
Akhisar, İ. (2015). PERFORMANCE RANKING OF TURKISH INSURANCE COMPANIES: THE ANP APPLICATION. Finansal Araştırmalar Ve Çalışmalar Dergisi, 6(11), 1-13. https://doi.org/10.14784/JFRS.2014117324

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