On the use of information criteria in analytic hierarchy process

On the use of information criteria in analytic hierarchy process

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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:
Keywords: decision theory: multiple criteria, analytic hierarchy process
Abstract:

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.

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