A strategic decision model for the selection of advanced technology

A strategic decision model for the selection of advanced technology

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Article ID: iaor1995422
Country: United Kingdom
Volume: 32
Issue: 9
Start Page Number: 2117
End Page Number: 2130
Publication Date: Sep 1994
Journal: International Journal of Production Research
Authors: , , ,
Keywords: decision: applications, analytic hierarchy process
Abstract:

This paper introduces models for the selection of advanced technologies. It is based on the concept that technologies are mutually dependent. As such, higher productivity could be realized by simultaneously selecting dependent technologies. Synergistic benefits are realized if such technologies are selected. This paper, therefore, uses the analytic hierarchy process and an adjusted priority method to evaluate and rank technologies. A greedy heuristic algorithm is then used to allocate resources to the different technologies.

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