Application of FAHP in gold price fluctuation factor evaluation / Norpah Mahat, Aini Mardhiah Yusuf and Siti Sarah Raseli

Mahat, Norpah and Yusuf, Aini Mardhiah and Raseli, Siti Sarah (2021) Application of FAHP in gold price fluctuation factor evaluation / Norpah Mahat, Aini Mardhiah Yusuf and Siti Sarah Raseli. Journal of Computing Research and Innovation (JCRINN), 6 (1). pp. 88-96. ISSN 2600-8793 (eISSN)

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Abstract

Gold has become one of the most popular and secures type of investment in our country. However, the price of gold shows a high level of volatility. This paper aims to explore the use of Fuzzy Analytic Hierarchy Process (FAHP) in evaluating and ranking the Malaysian gold price fluctuation factors. Nevertheless, there are not many researches have been done on FAHP method in gold price analysis. Hence, FAHP as tools of measurement have been applied to evaluate, compare, and rank the gold price fluctuation factors. Specifically, four factors that contribute to the volatility of gold price are determined from experts. The factors are currency exchange, demand, inflation and mining. The evaluation of FAHP shows that the highest value of normalized weight was 0.6892 for the currency factor. This study concludes that the most important factor that affects the gold price change is the currency exchange.

Metadata

Item Type: Article
Creators:
Creators
Email
Mahat, Norpah
norpah020@uitm.edu.my
Yusuf, Aini Mardhiah
UNSPECIFIED
Raseli, Siti Sarah
UNSPECIFIED
Subjects: Q Science > QA Mathematics > Elementary mathematics. Arithmetic
Q Science > QA Mathematics > Analysis
Q Science > QA Mathematics > Instruments and machines
Divisions: Universiti Teknologi MARA, Perlis > Arau Campus > Faculty of Computer and Mathematical Sciences
Journal or Publication Title: Journal of Computing Research and Innovation (JCRINN)
UiTM Journal Collections: UiTM Journal > Journal of Computing Research and Innovation (JCRINN)
ISSN: 2600-8793 (eISSN)
Volume: 6
Number: 1
Page Range: pp. 88-96
Official URL: https://doi.org/10.24191/jcrinn.v6i1.175
Item ID: 47089
Uncontrolled Keywords: Gold price, Fuzzy Analytic Hierarchy Process, Factors
URI: https://ir.uitm.edu.my/id/eprint/47089

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47089

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