Risk Identifier of Electronic Procurement Process based on Fuzzy AHP and AHP Method

Abstract

Risk identifier is a vital function for electronic procurement system. To avoid risk potentialities, a knowledge base is developed which provides risk messages to users to mitigate the risk in the corresponding area of risk attributes defined and an acceptable vulnerability is provided to users through algorithm execution. Multiple Criteria Decision Making (MCDM) and risk mitigation algorithm is the key strength for the newly developed system model of risk removal.  Both Fuzzy and AHP based MCDM approach has been executed and the results have been compared.

Keywords: Fuzzy Pair wise decision matrix, Risk Identifier, Risk Mitigation Algorithm, Multi Criteria Decision Making (MCDM), AHP