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An Application of Analytical Hierarchy Process for Ranking Factors Affecting of Thai Natural Rubber Ribbed Smoked Sheets No.3 (RSS3) Price



Volume 1, Issue 2
SUKANYA CHERDCHOONGAM, VICHAI RUNGREUNGANUN

Published online: 15 August 2015
Article Views: 45

Abstract

The objectives of this research are to determine the criteria and order of magnitude of the criteria affecting natural rubber prices of Thailand, emphasizing rubber ribbed smoked sheets No.3 prices (RSS3). The study began with the interview on natural rubber prices with the people from the government, public, agricultural, and financial sectors relevant to the Thailand rubber industry. The researcher asked for their suggestions on the significance of criteria affecting RSS3 prices. The questionnaire was used to verify the criteria. Analytical Hierarchy Process (AHP) was the instrument for sorting the order of magnitude of the criteria affecting RSS3 prices. Results indicated seven main criteria that affected RSS3 prices, i.e., the quantity of natural rubber, demand for natural rubber, currency exchange rate, crude oil price, world economic situation, Thailand’s situation, and advanced market speculation. The results reflected the criteria affecting the movement of RSS3 prices, which were beneficial for predicting the tendency of RSS3 prices.

Reference

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To Cite this article

S. Cherdchoongam., V. Rungreunganun, “ An application of analytical hierarchy process for ranking factors affecting of thai natural rubber ribbed smoked sheets no.3 (RSS3) price” International Journal of Technology and Engineering Studies, Vol. 1, no. 2, pp. 42-47, 2015.



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