Application of combinational approach of FAHP and PROMETHEE in the insurance branches ranking

Mostafa Kazemi and Saeideh Farajzadeh Bardeji

International Journal of Procurement Management, 2016, vol. 9, issue 5, 548-567

Abstract: Nowadays, considering the importance of the insurance industry in the world of competitive economy, it seems necessary to study and determine its position among competitors. In order to study the position and situation of insurance companies, scientific methods are used. In this study, researchers have been tried to rank the branches of insurance by gathering data from 24 branches of Iran insurance. Gathered data is related to five indicators, branch manpower skill, general and administrative costs of branch, degree of branch, sales and wages. To rank these branches, the combination of fuzzy analytical hierarchy process (FAHP) and preference ranking organisation method for enrichment evaluation (PROMETHEE) methods is used; according to the results, the first and the last ranks have been obtained respectively by branches no. 23 and no. 22 among branches.

Keywords: insurance industry; insurances branches; fuzzy AHP; analytical hierarchy process; FAHP; PROMETHEE; insurance branch ranking; Iran; manpower skills; general costs; administrative costs; sales; wages. (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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