Application of analytic network process in the enterprise risk management: An example of the selecting best operator in the airport business

Abstract

This paper proposes an application of the analytic network process (ANP) for the selection of best operator for enterprise risk management (ERM) practice in the airport business. This survey is deal with solving "Who has best practices related to the ERM Implementation in the airport business?" problem. In order to identification of the best practice criterias to the ERM is realized to interview with airport managers, analysis of best practice surveys and ERM guidelines. ERM is required to serious investment, resources and integrated holistic approach. In this complex concept, many various criterias is important to best ERM implementation. ANP is used solving the problem, which it is include many measure and inderdependency. TAV Airport Holiling Co. and Fraport A.G. are determined as alternatives in the proposed ANP model.