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An Innovative Orders-of-Magnitude Approach to AHP-Based Mutli-criteria Decision Making
Level: IntermediateType: Document
Author(s)Thomas Saaty
Joseph M. Katz Graduate School of Business
University of Pittsburgh
United States
Abstract: The document is from Thomas Saaty's unpublished book "New Mathematics and Measurement for the Physical, Social and Life Sciences" finished in 2004. This is chapter 9: An Innovative Orders-of-Magnitude Approach to AHP-Based Mutli-criteria Decision Making. "In what follows, we first discuss the need for considering many orders of magnitude difference in the priorities of decisions. Our main thrust is to develop an example based on the contribution of people to society, and on the need to reward some people with such recognition that today has no direct bearing on enhancing people’s economic wellbeing. Thus developing a way to evaluate the significance of all such acts looms high in these considerations. Criteria and alternatives are identified and then integrated in the improved AHP model in which priorities are developed for all acts, whose importance is eventually separated by ten orders of magnitude."
Topics: AHP, Multicriteria decision making