Journal ArticleDOI
Judgment number reduction: an issue in the analytic hierarchy process
Long-Ting Wu,Xia Cui,Ruwei Dai +2 more
TLDR
An example is proved to show lowering judgment number will increase the probability of larger errors appearing in priority vector computation, and scale error and judgment error are introduced into AHP judgment matrix.Abstract:
The Analytic Hierarchy Process (AHP) uses pairwise comparison to evaluate alternatives' advantages to a certain criterion. For decision-making problem with many different criteria and alternatives, pairwise comparison causes a prolonged decision-making period and rises fatigue in decision-makers' mentality. A question of practical value is if there exists a way to reduce judgment number and what influence the reduction will have on the overall evaluation of alternative ratings. To answer this question, we introduce scale error and judgment error into AHP judgment matrix. By expanding the scales defined in the AHP, scale error is eliminated. Taking judgment error as random variable, a new estimator to calculate priority vector is presented. In the end, an example is proved to show lowering judgment number will increase the probability of larger errors appearing in priority vector computation.read more
Citations
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Journal ArticleDOI
A new determining method for the criteria weights in multicriteria evaluation
TL;DR: A new method of determining the criteria weights, FARE (Factor Relationship), based on the relationships between all the criteria describing the phenomenon considered, is offered.
Journal ArticleDOI
An Integrated Approach of Fuzzy Linguistic Preference Based AHP and Fuzzy COPRAS for Machine Tool Evaluation
TL;DR: The results highlight the integration of the improved fuzzy AHP and the fuzzy COPRAS as a precise tool and provide effective multi-attribute decision-making for evaluating the machine tool in the uncertain environment.
Journal ArticleDOI
Improved AHP-group decision making for investment strategy selection
TL;DR: In this paper, an improved Analytical Hierarchy Process-group decision making (IAHP-GDM) model is proposed to reduce investment risk, which applies the method of least squares to adjust group decision matrix to satisfy the property of positive reciprocal matrix in AHP.
Journal ArticleDOI
Integrating metacognitive and psychometric decision-making approaches for bank customer loyalty measurement
Marjan Jalali,Fernando Ferreira,Fernando Ferreira,João J. Ferreira,Ieva Meidutė-Kavaliauskienė +4 more
TL;DR: This paper proposes and tests an integrated application of cognitive mapping and multiple criteria decision analysis (MCDA), thus combining metacognitive and psychometric decision-making approaches, to create a framework for the assessment of bank customer loyalty, which identifies its determinants and allows the trade-offs among them to be calculated.
Journal ArticleDOI
A conceptual snapshot of the first decade (2002–2011) of the international journal of information technology & decision making
Antonio Gabriel López-Herrera,Enrique Herrera-Viedma,Manuel Cobo,María Ángeles Martínez,Gang Kou,Yong Shi,Yong Shi +6 more
TL;DR: Bibliometric maps based on co-word analysis will help to visualize the division of the journal into several subfields and their relationships, providing interesting insight into the main topics being discussed in the journal in these years.
References
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Journal ArticleDOI
How to make a decision: The analytic hierarchy process
TL;DR: The Analytic Hierarchy Process (AHP) as discussed by the authors is a multicriteria decision-making approach in which factors are arranged in a hierarchic structure, and the principles and philosophy of the theory are summarized giving general background information of the type of measurement utilized, its properties and applications.
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Applying environmental criteria to supplier assessment: A study in the application of the Analytical Hierarchy Process
TL;DR: This study illustrates the use of the Analytical Hierarchy Process (AHP) as a decision support model to help managers understand the trade-offs between environmental dimensions and examines how AHP can be incorporated into a comprehensive information system supporting Environmentally Conscious Purchasing (ECP).
Journal ArticleDOI
The theory of ratio scale estimation: Saaty's analytic hierarchy process
Patrick T. Harker,Luis G. Vargas +1 more
TL;DR: The Analytic Hierarchy Process developed by Saaty (Saaty, T. L. 1980) has proven to be an extremely useful method for decision making and planning as discussed by the authors.
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An AHP-based approach to ERP system selection
TL;DR: This study presents a comprehensive framework for selecting a suitable ERP system that can systematically construct the objectives of ERP selection to support the business goals and strategies of an enterprise, identify the appropriate attributes, and set up a consistent evaluation standard for facilitating a group decision process.
Journal ArticleDOI
The analytic hierarchy process in medical and health care decision making: A literature review
TL;DR: The AHP appears to be a promising support tool for shared decision making between patient and doctor, evaluation and selection of therapies and treatments, and the evaluation of health care technologies and policies.