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Journal ArticleDOI

Justification of global positioning systems purchase using the analytic hierarchical process—The case of the Israeli Defense Force

01 Jan 1998-Technovation (Elsevier)-Vol. 18, Iss: 6, pp 409-424
TL;DR: In this article, the authors present an alternative to traditional decision-making processes and military purchasing procedures of innovative technology (such as the lowest bidder method) by providing an opportunity to incorporate user-defined criteria into the decision making process.
About: This article is published in Technovation.The article was published on 1998-01-01. It has received 13 citations till now. The article focuses on the topics: Multiple-criteria decision analysis & Analytic hierarchy process.
Citations
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Journal ArticleDOI
TL;DR: A preliminary study of the training aircraft alternatives proposed by the Air Staff and the Logistic Support Command of the Spanish Air Force and the best alternative was shown to be the Pilatus PC-21 aircraft.

65 citations


Cites methods from "Justification of global positioning..."

  • ...Therefore, it is advisable to use tools for their resolution such as Multi-Criteria Decision Making (MCDM) processes, whose use is widespread nowadays in the military [23] and aerospace fields [45], as well as in other research disciplines [18,41]....

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Journal ArticleDOI
TL;DR: A framework which addresses the practical aspect of portal evaluation in terms of multiple objectives and involvement is developed and can enable industry associations to be familiar with the nature and scope of portal performance evaluation.
Abstract: Purpose – With the fast growth of the internet, the development of industry portals for SMEs is becoming an increasingly important issue of economic growth However, designing and developing efficient portals is not easy, and how to evaluate industry portals' performance has not yet been convincingly demonstrated To address this gap, this paper aims to propose a frameworkDesign/methodology/approach – The framework uses the analytic hierarchical process and incorporates both experts' and users' judgments into the performance evaluation process It also employs three different objectives for performance evaluation including data quality, technology acceptance, and knowledge distribution An exemplary case is given to demonstrate the proposed framework by empirically assessing an industry portal project, developed by Small and Medium Enterprise Administration, Ministry of Economic Affairs, TaiwanFindings – The proposed framework can enable industry associations to become more familiar with the nature and

43 citations


Cites background or methods from "Justification of global positioning..."

  • ...For a conceptual foundation of AHP, the interested reader is referred to references (Israeli et al., 1998)....

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  • ...…structuring the hierarchy; (2) collecting input data by pairwise comparisons; (3) using the eigenvalue method or other methods to yield priorities; and (4) synthesizing the priorities into composite measures to arrive at a set of ratings for the decision alternative (Israeli et al., 1998)....

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  • ...(1) structuring the hierarchy; (2) collecting input data by pairwise comparisons; (3) using the eigenvalue method or other methods to yield priorities; and (4) synthesizing the priorities into composite measures to arrive at a set of ratings for the decision alternative (Israeli et al., 1998)....

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Journal ArticleDOI
TL;DR: A derivation of a wide range of objectives, evaluation viewpoints from research professionals and evaluators, and evaluation criteria is presented, to structure and quantify the criteria and research performance of some selected projects.

34 citations

Journal ArticleDOI
TL;DR: In this article, a decision-making problem of choosing the best of several alternatives, where the comparison among them is based on both qualitative and quantitative criteria, is dealt with and a real-life case is presented, which demonstrates how the comprehensive analysis developed here results in a decision that is different from the one that might be expected when just one common factor, such as cost, is considered.
Abstract: This paper deals with a decision-making problem of choosing the best of several alternatives, where the comparison among them is based on both qualitative and quantitative criteria. The method presented here is based on combining the Analytical Hierarchical Process (AHP) and the Data Envelopment Analysis (DEA) methodologies, followed by a proposition to deal with a situation where more than one alternative turns out to be efficient. A real-life case is presented, which demonstrates how the comprehensive analysis developed here results in a decision that is different from the one that might be expected when just one common factor, such as cost, is considered.

25 citations

Journal ArticleDOI
TL;DR: In this paper, the AHP decision model was adopted to identify the factors that influence consumers' decisions when selecting Wealth Management (WM) services, and the relative importance of factors and alternatives were surveyed by directing a questionnaire to consumers who are using, or planning to use, WM services.
Abstract: Wealth Management (WM) is an advanced type of financial planning that provides high net worth individuals (HNWI) and families with private financial services, such as asset management, banking, estate planning, investment management, and legal resources. The goal of WM is sustaining and growing long-term wealth of clients. Financial service providers in Europe and North America have been providing WM services for decades. However, it is only recently that some financial firms in emerging countries started to offer this service to their clients. To attract clients to adopt WM services, it is necessary to understand what influences consumers' decisions when selecting WM services. Therefore, the researchers adopted the AHP decision model to identify these factors. The relative importance of factors and alternatives were surveyed by directing a questionnaire to consumers who are using, or planning to use, WM services. It appears that, in general, customers' first concern about the WM service is the quality of...

18 citations


Cites background from "Justification of global positioning..."

  • ...…valuation (Chiu & Chen, 2007), supplier selection (Handfield, Walton, Sroufe, & Melnyk, 2002; Liu & Hai, 2005), purchase decision (Byun, 2001; Israeli, 1998), forest management (Kangas & Kangas, 2005), operations efficiency improvement (Peniwati & Brenner, 2008), land use planning (Ananda &…...

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  • ...AHP has been widely adopted to reflect the importance (weights) of the factors associated with priorities in many fields (Vaidya & Kumar, 2004; Zahedi, 1986), including patent valuation (Chiu & Chen, 2007), supplier selection (Handfield, Walton, Sroufe, & Melnyk, 2002; Liu & Hai, 2005), purchase decision (Byun, 2001; Israeli, 1998), forest management (Kangas & Kangas, 2005), operations efficiency improvement (Peniwati & Brenner, 2008), land use planning (Ananda & Herath, 2008), waste management (Karamouz, Zahraie, Kerachian, Jaafarzadeh, & Mahjouri, 2007), and health care (Liberatore et al....

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References
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Book ChapterDOI
TL;DR: In this paper, the authors present a critique of expected utility theory as a descriptive model of decision making under risk, and develop an alternative model, called prospect theory, in which value is assigned to gains and losses rather than to final assets and in which probabilities are replaced by decision weights.
Abstract: This paper presents a critique of expected utility theory as a descriptive model of decision making under risk, and develops an alternative model, called prospect theory. Choices among risky prospects exhibit several pervasive effects that are inconsistent with the basic tenets of utility theory. In particular, people underweight outcomes that are merely probable in comparison with outcomes that are obtained with certainty. This tendency, called the certainty effect, contributes to risk aversion in choices involving sure gains and to risk seeking in choices involving sure losses. In addition, people generally discard components that are shared by all prospects under consideration. This tendency, called the isolation effect, leads to inconsistent preferences when the same choice is presented in different forms. An alternative theory of choice is developed, in which value is assigned to gains and losses rather than to final assets and in which probabilities are replaced by decision weights. The value function is normally concave for gains, commonly convex for losses, and is generally steeper for losses than for gains. Decision weights are generally lower than the corresponding probabilities, except in the range of low prob- abilities. Overweighting of low probabilities may contribute to the attractiveness of both insurance and gambling. EXPECTED UTILITY THEORY has dominated the analysis of decision making under risk. It has been generally accepted as a normative model of rational choice (24), and widely applied as a descriptive model of economic behavior, e.g. (15, 4). Thus, it is assumed that all reasonable people would wish to obey the axioms of the theory (47, 36), and that most people actually do, most of the time. The present paper describes several classes of choice problems in which preferences systematically violate the axioms of expected utility theory. In the light of these observations we argue that utility theory, as it is commonly interpreted and applied, is not an adequate descriptive model and we propose an alternative account of choice under risk. 2. CRITIQUE

35,067 citations

Journal ArticleDOI
TL;DR: A method of scaling ratios using the principal eigenvector of a positive pairwise comparison matrix is investigated, showing that λmax = n is a necessary and sufficient condition for consistency.

8,117 citations

Journal ArticleDOI
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.

7,202 citations