Uses and Limitations of the AHP Method

Uses and Limitations of the AHP Method
Title Uses and Limitations of the AHP Method PDF eBook
Author Nolberto Munier
Publisher Springer Nature
Pages 143
Release 2021-02-05
Genre Business & Economics
ISBN 303060392X

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This book examines the Analytical Hierarchy Process (AHP) method, its varied uses, as well as its limitations for solving real-world scenarios. While the simplicity of the method compels users to find shortcuts to a real-world problem, it also leads to obtaining wrong results that do not represent reality. By alerting practitioners about the core necessities of a new scenario, this book helps solve this problem, as well as contribute to the field of Multicriteria Decision Making Method (MDCM). The authors use a demonstrative, rather than a theoretical approach, and examine 30 subjects that displays the shortcomings and drawbacks of the AHP. Each one is examined in-depth, discussed, debated and reasoned, using examples, some of them numeric. The book highlights the rationality and common sense of the subjects, and in most cases, validates the criticism by showing through numerical examples, the impossibility of the AHP method to address, let alone solve real-world projects. At the conclusion of each subject, a table is built comparing the similarities and differences between the opinions of the authors and other experts, along with the respective pros and cons.

Applications and Theory of Analytic Hierarchy Process

Applications and Theory of Analytic Hierarchy Process
Title Applications and Theory of Analytic Hierarchy Process PDF eBook
Author Fabio De Felice
Publisher BoD – Books on Demand
Pages 324
Release 2016-08-31
Genre Business & Economics
ISBN 9535125605

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The purpose of this book is to provide an introduction to the theory and applications in the field of decision making, especially focused on Analytic Hierarchy Process, a structured technique for organizing and analyzing complex decisions, based on mathematics and psychology. It was developed by Prof. Thomas L. Saaty in the 1970s and has been extensively studied and refined since then. The idea of the book is to expand the reader's consciousness to deal with problems regarding the decision making. This book presents some application examples of Analytic Hierarchy. It contains original research and application chapters from different perspectives, and covers different areas such as supply chain, environmental engineering, safety, and social issues. This book is intended to be a useful resource for anyone who deals with decision making problems.

Multicriteria Decision Making

Multicriteria Decision Making
Title Multicriteria Decision Making PDF eBook
Author Thomas L. Saaty
Publisher
Pages 479
Release 1996-01-01
Genre
ISBN 9780962031717

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Decision Making with the Analytic Network Process

Decision Making with the Analytic Network Process
Title Decision Making with the Analytic Network Process PDF eBook
Author Thomas L. Saaty
Publisher Springer Science & Business Media
Pages 333
Release 2013-05-14
Genre Business & Economics
ISBN 1461472792

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The Analytic Network Process (ANP), developed by Thomas Saaty in his work on multicriteria decision making, applies network structures with dependence and feedback to complex decision making. This new edition of Decision Making with the Analytic Network Process is a selection of the latest applications of ANP to economic, social and political decisions, and also to technological design. The ANP is a methodological tool that is helpful to organize knowledge and thinking, elicit judgments registered in both in memory and in feelings, quantify the judgments and derive priorities from them, and finally synthesize these diverse priorities into a single mathematically and logically justifiable overall outcome. In the process of deriving this outcome, the ANP also allows for the representation and synthesis of diverse opinions in the midst of discussion and debate. The book focuses on the application of the ANP in three different areas: economics, the social sciences and the linking of measurement with human values. Economists can use the ANP for an alternate approach for dealing with economic problems than the usual mathematical models on which economics bases its quantitative thinking. For psychologists, sociologists and political scientists, the ANP offers the methodology they have sought for some time to quantify and derive measurements for intangibles. Finally the book applies the ANP to provide people in the physical and engineering sciences with a quantitative method to link hard measurement to human values. In such a process, one is able to interpret the true meaning of measurements made on a uniform scale using a unit.

Models, Methods, Concepts & Applications of the Analytic Hierarchy Process

Models, Methods, Concepts & Applications of the Analytic Hierarchy Process
Title Models, Methods, Concepts & Applications of the Analytic Hierarchy Process PDF eBook
Author Thomas L. Saaty
Publisher Springer Science & Business Media
Pages 342
Release 2012-04-11
Genre Business & Economics
ISBN 1461435978

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The Analytic Hierarchy Process (AHP) is a prominent and powerful tool for making decisions in situations involving multiple objectives. Models, Methods, Concepts and Applications of the Analytic Hierarchy Process, 2nd Edition applies the AHP in order to solve problems focused on the following three themes: economics, the social sciences, and the linking of measurement with human values. For economists, the AHP offers a substantially different approach to dealing with economic problems through ratio scales. Psychologists and political scientists can use the methodology to quantify and derive measurements for intangibles. Meanwhile researchers in the physical and engineering sciences can apply the AHP methods to help resolve the conflicts between hard measurement data and human values. Throughout the book, each of these topics is explored utilizing real life models and examples, relevant to problems in today’s society. This new edition has been updated and includes five new chapters that includes discussions of the following: - The eigenvector and why it is necessary - A summary of ongoing research in the Middle East that brings together Israeli and Palestinian scholars to develop concessions from both parties - A look at the Medicare Crisis and how AHP can be used to understand the problems and help develop ideas to solve them.

Multiobjective Programming and Planning

Multiobjective Programming and Planning
Title Multiobjective Programming and Planning PDF eBook
Author Jared L. Cohon
Publisher Courier Corporation
Pages 368
Release 2013-01-18
Genre Mathematics
ISBN 048615307X

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This text takes a broad view of multiobjective programming, emphasizing the methods most useful for continuous problems. It reviews methods in the context of public decision-making problems. 1978 edition.

Weighting Methods and their Effects on Multi-Criteria Decision Making Model Outcomes in Water Resources Management

Weighting Methods and their Effects on Multi-Criteria Decision Making Model Outcomes in Water Resources Management
Title Weighting Methods and their Effects on Multi-Criteria Decision Making Model Outcomes in Water Resources Management PDF eBook
Author Noorul Hassan Zardari
Publisher Springer
Pages 173
Release 2014-10-30
Genre Science
ISBN 3319125869

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This book provides a systematic way of how to make better decisions in water resources management. The applications of three weighting methods namely rating, ranking, and ratio are discussed in this book. Additionally, data mining on keywords is presented using three popular scholarly databases: Science Direct, Scopus, and SciVerse. Four abbreviated keywords (MCDM, MCDA, MCA, MADM) representing multi-criteria decision-making were used and these three databases were searched for different popular weighting methods for a period of 13 years (2000-2012). The book provides also a review of weighting methods applied in various multi-criteria decision-making (MCDM) methods and also presents survey results on priority ranking of watershed management criteria undertaken by 30 undergraduate and postgraduate students from the Faculty of Civil Engineering, Universiti Teknologi Malaysia.