How to derive priorities in AHP: a comparative study
Alessio Ishizaka () and
Markus Lusti ()
Central European Journal of Operations Research, 2006, vol. 14, issue 4, 387-400
Abstract:
A heated discussion has arisen over the “best” priorities derivation method. Using a Monte Carlo simulation this article compares and evaluates the solutions of four AHP ratio scaling methods: the right eigenvalue method, the left eigenvalue method, the geometric mean and the mean of normalized values. Matrices with different dimensions and degree of impurities are randomly constructed. We observe a high level of agreement between the different scaling techniques. The number of ranking contradictions increases with the dimension of the matrix and the inconsistencies. However, these contradictions affect only close priorities. Copyright Springer-Verlag 2006
Keywords: Multi-criteria decision making; Simulation; AHP; Eigenvalue; Geometric mean (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:spr:cejnor:v:14:y:2006:i:4:p:387-400
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DOI: 10.1007/s10100-006-0012-9
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