Building an integrated multi-criteria decision-making model based on DEMATEL and ANP for selecting the risk management system of banking

Wen-Hsien Tsai and Wen-Chin Chou

International Journal of Management and Enterprise Development, 2010, vol. 8, issue 4, 358-382

Abstract: Since the revelation of the Enron scandal in 2001, enterprise risk management has become increasingly important for any organisation. This paper proposes an integrated multi-criteria decision-making model for selecting the risk management system of banking. This model first applies the Decision-Making Trial and Evaluation Laboratory to deal with the interdependencies among evaluation criteria. It then uses the analytic network process to select a best alternative. Additionally, up on comparing the results obtained with the proposed model to those obtained using the analytic hierarchy process; it can be noted that interdependencies indeed affect real decisions.

Keywords: ERM; enterprise risk management; banking risks; enterprise development; DEMATEL; multi-criteria decision making; MCDM; ANP; analytical network process; AHP; analytical hierarchy process. (search for similar items in EconPapers)
Date: 2010
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