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Analytic Hierarchy Process – Car Example
This is a worked-through example showing the use of the analytic hierarchy process (AHP) in a practical decision situation. See Analytic hierarchy process#Practical examples for context for this example. Overview AHP stands for analytic hierarchy process – a Multiple-criteria decision analysis, multi-criteria decision-making (MCDM) method. In AHP, values like price, weight, or area, or even subjective opinions such as feelings, preferences, or satisfaction, can be translated into measurable numeric relations. The core of AHP is the comparison of pairs instead of sorting (ranking), voting (e.g. assigning points) or the free assignment of priorities. Teachers and users of the AHP know that the best way to understand it is to work through an example. The example below shows how a broad range of considerations can be managed through the use of the analytic hierarchy process. The decision at hand requires a reasonably complex hierarchy to describe. It involves factors from the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Analytic Hierarchy Process
In the theory of decision making, the analytic hierarchy process (AHP), also analytical hierarchy process, is a structured technique for organizing and analyzing complex decisions, based on mathematics and psychology. It was developed by Thomas L. Saaty in the 1970s; Saaty partnered with Ernest Forman to develop '' Expert Choice'' software in 1983, and AHP has been extensively studied and refined since then. It represents an accurate approach to quantifying the weights of decision criteria. Individual experts’ experiences are utilized to estimate the relative magnitudes of factors through pair-wise comparisons. Each of the respondents compares the relative importance each pair of items using a specially designed questionnaire. Uses and applications AHP has particular application in group decision making, and is used around the world in a wide variety of decision situations, in fields such as government, business, industry, healthcare and education. Rather than prescribin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
