Measuring the intangibles in social decisions: Assessing benefits and costs of energy policy options

Kenneth H. Mitchell and Mary P. Soye

Mathematics and Computers in Simulation (MATCOM), 1983, vol. 25, issue 2, 135-145

Abstract: This article describes the use of the Analytic Hierarchy Process (AHP) of Saaty for measuring intangibles in social decision-making. The traditional cost-benefit analysis approach is discussed and some key problems pointed out. Use of AHP to avoid some of these problems is discussed. An example is given of applying AHP to assess social, political, economic and environmental benefits and costs of energy policy options.

Date: 1983
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:matcom:v:25:y:1983:i:2:p:135-145

DOI: 10.1016/0378-4754(83)90076-9

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