Project selection and prioritisation in Iranian Aluminium Company (IRALCO)

Abstract

This study proposed a method which is much innovative for the project selection, the proposed method is the one which is untouched by many due to the certain misbelieves and the comparison with the alternates available. The main aim and the objectives in the study are to analyse the analytic hierarchy process (AHP) methods and to identify the themes, ideas and the areas being investigated in the study. The AHP is the one content which is much trendy in current era so the idea and the areas of investigation play a significant role. The analytic hierarchy process (AHP) make use of many hierarchical structures to position compare criteria and option in categorise to give maintain in decision making responsibilities. The boundary of the study deals with the AHP as the process itself with much preference given to the hierarchy models and the sub hierarchy models associated, the criteria and the sub-criteria related. The methodology of the study mainly deals with the strategic objective; include the quantitative method in the selection of the process. The new framework combines the two main approaches; project selection models and AHP technique. It is powerful and useful tool which should be used to convert strategy into action. Key words: Project selection and prioritisation, financial and non-financial models, multi criteria decision making, analytical hierarchy process.