Mohd Safian, Edie Ezwan and Nawawi, Abdul Hadi (2011): The Evolution of Analytical Hierarchy Process (AHP) as a Decision Making Tool in Property Sectors. Published in: (30. March 2011)
Download (77Kb) | Preview
In the 1970s, Analytical Hierarchy Process (AHP)has been introduced accidentally by Saaty  as a tool to allocate resources and planning needs for the military. However, due to its ability to identify the weightage of variables efficiently in research, it has become popular in many sectors. Basically, AHP is a tool in decision making that arranges the variables into a hierarchical form in order to rank the importance of each variable. Leading to the weightage calculation of the variables indirectly researchers in all over the world also have discovered that AHP can be modified and used not only for military but in any sectors as well. From the military sector, the modification of AHP has been widely used in other sectors such as automotive, medical, education, business and also administration. It has also been discovered that AHP has given an impact in the property market field. The application of AHP in the property market has taken place in many ways such as assessment of building quality and performance, tenants perception and expectation, identification of the tenants or occupiers needs, investment portfolio as well as grading and classification. In a global context, the advanced AHP modification has been used in property research. However, in Malaysia, only a few property research had used AHP nevertheless, it has shown positive development. Therefore, this paper aims to identify the evolution of the AHP usages in a global and local context, especially in property sectors. The findings from this paper will highlight some critical issues in using AHP in property sectors and provides some suggestions for improving the use of it.
|Item Type:||MPRA Paper|
|Original Title:||The Evolution of Analytical Hierarchy Process (AHP) as a Decision Making Tool in Property Sectors|
|Keywords:||Analytical hierarchy process, Decision Making Tool, Property Sector|
|Subjects:||D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D81 - Criteria for Decision-Making under Risk and Uncertainty
C - Mathematical and Quantitative Methods > C4 - Econometric and Statistical Methods: Special Topics > C44 - Operations Research; Statistical Decision Theory
|Depositing User:||Edie Ezwan Mohd Safian|
|Date Deposited:||15. Jun 2012 12:53|
|Last Modified:||13. Feb 2013 05:58|
 Yudiyanty, Y. (2002). Pengukuran Kualitas Bangunan Pusat Perbelanjaan dengan Metode Analytical Hierarchy Process (AHP. Studi Kasus: Plasa Tunjungan dan Plasa Surabaya. Petra Christian University, Surabaya: Tesis Ph.D.
 Arash Shahin & Ali Mahbod, M. (2006). Prioritization of key performance Indicators: An integration of analytical hierarchy process and goal setting. International Journal of Productivity and Performance Management, Vol. 56 No. 3, 226-240.
 Saaty, T. (2001). Decision Making with Dependence and Feed Back the Analytical Network Process. 2nd ed., University of Pittsburg, Pittsburg: RWS Publications.
 Yang, J. and Lee, H. (1997). An AHP decision model for facility location selection. Facilities,Vol. 15 No. 9, 241-54.
 Saaty, T. (1994). Fundamentals of Decision Making and Priority Theory, with the Analytical Hierarchy Process. Pittsburgh, PA.: RWS Publications.
 Johny & Heng Li (2006). Application of the analytic hierarchy process (AHP) in multi- criteria analysis of the selection of intelligent building systems. Building and Environment, 43 (2006),108–125.
 Mohd Safian, E. E. (2009), Model klasifikasi bagi pejabat binaan khas di kawasan segi tiga emas Kuala Lumpur, UTHM, Master thesis.
 Manoharan, R. (2005). Subcontractor Selection Method Using Analytical Hierarchy Process - Research, Faculty of Civil Engineering. Universiti Teknologi Malaysia: Master thesis.
 Al Harbi (2001), Application of the AHP in project management, International Journal of Project Management Volume 19, Issue 1, January 2001, Pages 19-27.
 Anish Sachdeva, Dinesh Kumar, Pradeep Kumar (2008), A methodology to determine maintenance criticality using AHP, International Journal of Productivity and Quality Management 2008 - Vol. 3, No.4 pp. 396 – 412.
 Daniel Ho, Graeme Newell, Anthony Walker, (2005), The importance of property-specific attributes in assessing CBD office building quality. Journal of Property Investment &Finance, Vol. 23 No. 5, 424-444.
 Adnan, M.Y. and Daud, M.N. (2008), Identifying the Potential Criteria and Sub-Criteria for Classification of Office Buildings in Malaysia, International Real Estate Research Symposium 2008, Kuala Lumpur.
 Ball, J. and Srinivasan, V. (1994), “Using the analytic hierarchy process in house selection”,Journal of Real Estate Finance and Economics, Vol. 9, pp. 69-85.
 Schniederjans, M., Hoffman, J. and Sirmans, G. (1995), “Using goal programming and the analytical hierarchy process in house selection”, Journal of Real Estate Finance and Economics, Vol. 11, pp. 167-76.
 Ong, S.E. and Chew, T.I. (1996), “Singapore residential market: an expert judgemental forecast incorporating the analytical hierarchy process”, Journal of Property Valuation and Investment, Vol. 14 No.1, pp. 50-66.
 Ho, D. (1997). A Methodology for Assessing Quality of Buildings, in Asean Real Estate Society Conference, Hong Kong.
 Ho, D. (1999). Preferences on Office Quality Attributes, in International Real Estate Society Conference, Kuala Lumpur.
 Fong, P.S.W., Choi, S.K.Y. (2000), "Final contractors selection using the analytical hierarchy process", Construction Management and Economics, Vol. 18 pp.547-57.
 Bender, A., Din, A., Hoesli, M. & Brocher, S. (2000). Environmental preferences of homeowners: further evidence using the AHP method. Journal of Property Investment and Finance, Vol. 18 No. 4, 445-55.
 Daud, M.N., Adnan, M.Y., Ahmad, I., & Aziz, A.M. (2010). Constructing the Model for Malaysia s Office Classification. Pacific Rim Real Estate Society Conference, Wellington, New Zealand, 24-27 Januari 2010.