Implementing of Analytic Hierarchy Process in Banking
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The Analytic Hierarchy Process (AHP) is a multicriteria decision support method created by Thomas L. Saaty. It provides both individual and group decision makers an objective way for reaching an optimal decision. The AHP is designed to select the best from a number of alternatives evaluated with respect to several criteria. It is taken by carrying out pairwise comparison judgements which are used to develop overall priorities for ranking the alternatives. This method allows for some level of inconsistency in judgements (that is unavoidable in practice) and provides some measures for limiting that. Our article describes classical Saaty solution to the AHP problem and shows the application of the AHP in establishing the price of the bank deposits.