Stochastic pairwise comparative judgements and direct ratings of alternatives in the REMBRANDT system

Stochastic pairwise comparative judgements and direct ratings of alternatives in the REMBRANDT system

0.00 Avg rating0 Votes
Article ID: iaor2000361
Country: United Kingdom
Volume: 7
Issue: 2
Start Page Number: 87
End Page Number: 97
Publication Date: Mar 1998
Journal: Journal of Multi-Criteria Decision Analysis
Authors:
Keywords: analytic hierarchy process
Abstract:

The REMBRANDT system for multicriteria decision analysis consists of both the multiplicative variant of the analytic hierarchy process (which employes a method of pairwise comparative judgements by a decision maker to arrive at final impact scores for the alternatives under consideration) and SMART, the simple multiattribute rating technique (which utilizes direct rating of alternatives to achieve final impact scores). This paper examines the effect of imprecision or uncertainty in the decision maker's pairwise judgements or ratings of alternatives by expressing each pairwise judgement or rating as a probability distribution, and the structure of REMBRANDT's component models is exploited to derive interval judgements or interval ratings of the alternatives' final impact scores. These interval judgements or interval ratings can be used to determine the probability of rank reversal amongst alternatives, i.e. to assess the stability of the final impact score vector.

Reviews

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 Your email address will not be published.