Probabilistic judgments specified partially in the analytic hierarchy process

Probabilistic judgments specified partially in the analytic hierarchy process

0.00 Avg rating0 Votes
Article ID: iaor19993052
Country: Netherlands
Volume: 108
Issue: 1
Start Page Number: 153
End Page Number: 164
Publication Date: Jul 1998
Journal: European Journal of Operational Research
Authors:
Keywords: decision theory: multiple criteria, analytic hierarchy process
Abstract:

The Analytic Hierarchy Process (AHP) is a decision-making tool which yields priorities for decision alternatives. This paper proposes a new approach to elicit and synthesize expert assessments for the group decision process in the AHP. These new elicitations are given as partial probabilistic specifications of the entries of pairwise comparison matrices. For a particular entry of the matrix, the partial probabilistic elicitations could arise in the form of either probability assignments regarding the chance of that entry falling in specified intervals or selected quantiles for that entry. A new class of models is introduced to provide methods for processing this partial probabilistic information. One advantage of this approach is that it allows us to generate as many pairwise comparison matrices of the decision alternatives as one desires. This, in turn, allows us to determine the statistical significance of the priorities of decision alternatives.

Reviews

Required fields are marked *. Your email address will not be published.