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

Author

Listed:
  • SUKANYA CHERDCHOONGAM

    (King Mongkut’s University of Technology North Bangkok Bangkok, Thailand)

  • VICHAI RUNGREUNGANUN

    (King Mongkut’s University of Technology North Bangkok Bangkok, Thailand)

Abstract

The objectives of this research are to determine criteria and order of magnitude of the criteria affecting natural rubber prices of Thailand emphasizing on rubber ribbed smoked sheets No.3 prices (RSS3). The study began with the interview on the situation of natural rubber prices with the people from government, public, agricultural, and financial sectors who were relevant to Thailand rubber industry. The researcher asked for their suggestions on the significance of criteria affecting RSS3 prices. Questionnaire was used to verify the criteria. Analytical Hierarchy Process (AHP) was the instrument for sorting an order of magnitude of the criteria affecting RSS3 prices. Results indicated that there were 7 main criteria which affected RSS3 prices i.e. quantity of natural rubber, demand for natural rubber, currency exchange rate, crude oil price, world economic situation, Thailand’ 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.

Suggested Citation

  • Sukanya Cherdchoongam & Vichai Rungreunganun, 2015. "An Application of Analytical Hierarchy Process for Ranking Factors Affecting Thai Natural Rubber Ribbed Smoked Sheets No. 3 (RSS3) Price," International Journal of Technology and Engineering Studies, PROF.IR.DR.Mohid Jailani Mohd Nor, vol. 1(2), pages 42-47.
    • Handle: RePEc:apa:ijtess:2015:p:42-47
    DOI: 10.20469/ijtes.40002-2
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    Citations

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    Cited by:

    1. Kesinee Muenthaisong & Teeraporn Leemanonwaracha, 2016. "An Investigation of China's Import Demand for Technically Speci edNatural Rubber (TSR) from Thailand," International Journal of Business and Economic Affairs (IJBEA), Sana N. Maswadeh, vol. 1(1), pages 21-28.
    2. Regina Lambin & Norwaliza Abdul Wahab & Goh Swee Choo & Ramlee Mustapha & Ramlee Abdullah, 2018. "An exploratory study on Indigenous Knowledge of ‘Green Technology’ (IKGT) among orang asli in Malaysia," Journal of Advances in Humanities and Social Sciences, Dr. Yi-Hsing Hsieh, vol. 4(4), pages 183-196.
    3. Taniegra Sussie Tarrega, 2019. "Web-based multi-criteria decision support system in screening and selection of priority projects for inclusion in agency’s annual budget proposal," Journal of Advances in Technology and Engineering Research, A/Professor Akbar A. Khatibi, vol. 5(1), pages 01-17.

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