Inconsistency of the judgment matrix in the AHP method and the decision maker’s knowledge

Anna Szczypińska and Edward Piotrowski ()

Physica A: Statistical Mechanics and its Applications, 2009, vol. 388, issue 6, 907-915

Abstract: In this paper, we propose a method for a quantitative estimation of the decision maker’s knowledge in the context of the Analytic Hierarchy Process (AHP) in cases where the judgment matrix is inconsistent. We show that the matrix of deviation from the transitivity condition corresponds to the rate matrix for transaction costs in the financial market. For the quantitative estimation of the decision maker’s professionalism, we apply the Ising model and thermodynamics tools.

Keywords: AHP method; Decision problems; Ising model; Thermodynamics (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (1)

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Working Paper: Inconsistency of the judgment matrix in the AHP method and the decision maker's knowledge (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:388:y:2009:i:6:p:907-915

DOI: 10.1016/j.physa.2008.11.034

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