Article ID: | iaor20031668 |
Country: | Netherlands |
Volume: | 141 |
Issue: | 1 |
Start Page Number: | 200 |
End Page Number: | 216 |
Publication Date: | Aug 2002 |
Journal: | European Journal of Operational Research |
Authors: | Basak Indrani |
Keywords: | decision theory: multiple criteria, analytic hierarchy process |
In this article, we discuss how the model-selection procedures such as Akaike's information criteria (AIC) can be used for selecting the most appropriate one out of several existing statistical models in the literature for the judgment data used in analytic hierarchy process (AHP). Furthermore, once the appropriate model is selected, a procedure is proposed on the basis of AIC for statistical ranking of the alternatives. This ranking procedure does not suffer from the problem of intransitivity and can be based on non-normal distribution. It enables one to obtain the detailed pattern for the ordered priorities of the alternatives in the decision process involving AHP.