Chapter 15 Part 4 AHP

Chapter 15 Part 4 AHP - Agenda for This Week Monday, April...

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Agenda for This Week Monday, April 25 AHP Wednesday, April 27 AHP Friday, April 29 AHP Monday, May 2 Exam 2
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Chapter 15 Analytical Hierarchy Process – Part 1
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Analytical Hierarchy Process Designed to solve multicriteria decision problems Model under conditions of certainty where we know all of the info but we need to trade-off many factors. We are comparing several alternatives on the basis of the same set of attributes.
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Developing the Hierarchy Develop a visual representation of the problem in terms of the overall goal, the criteria to be used and the decision alternatives Alternatives Attributes GOAL
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AHP Example Decision Hierarchy Decision Hierarchy Select Best Apartment Select Best Apartment Criteria Rent Size Proximity Criteria Rent Size Proximity Apt. 1 Apt. 1 Apt. 2 Apt. 2 Apt. 3 Apt. 3 Apt. 1 Apt. 1 Apt. 2 Apt. 2 Apt. 3 Apt. 3 Apt. 1 Apt. 1 Apt. 2 Apt. 2 Apt. 3 Apt. 3 Alternatives Alternatives
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Major question is how to assign relative weights across alternatives, as well as for the attributes (assigning weights is the crux of AHP).
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This note was uploaded on 12/13/2011 for the course BUAD 346 taught by Professor Staff during the Fall '08 term at University of Delaware.

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Chapter 15 Part 4 AHP - Agenda for This Week Monday, April...

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