Application of Analytic Hierarchy Process (AHP) in shipyard project investment Risk Recognition

Abstract

Risk Recognition is an important part in shipyard project risk management. The purpose of this paper is to explain how to identify risks by means of AHP. Firstly, we analyzed briefly the superiority of AHP in shipyard project risk Recognition; secondly, expounded the basic steps of risk Recognition based on AHP in shipyard project investment; then we proposed the principle and tips of applying AHP in identifying project risks by demonstrating a case of shipbuilding base. To prove the validity of AHP, we have identified the risk factors of the Shipyard project that mentioned in the case above, and have also calculated the influence weights taxis of dominating risk factors to the general risk. Key words: Shipyard Project Investment; AHP; Risk Recognition; Risk Factor