Analytic Hierarchy Process with the Correlation Effect via WordNet
Jih-Jeng Huang
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Jih-Jeng Huang: Department of Computer Science & Information Management, SooChow University, Taipei 100, Taiwan
Mathematics, 2021, vol. 9, issue 8, 1-13
Abstract:
The analytic hierarchy process (AHP) is a well-known approach in decision-making because of its simplicity and rationality. However, in conventional AHP, it cannot account for the correlation effect between criteria. In this paper, we use the lexical database, WordNet, to calculate the similarity between criteria set by a decision-maker. Then, we use the similarity matrix to process the factor analysis and obtain the independent factors, which are composed of their criteria. Finally, the weights of factors are derived to evaluate the alternatives. Moreover, we use a case study of online shopping to illustrate the proposed method and compare the result with the conventional AHP.
Keywords: analytic hierarchy process; independent criteria; WordNet; synset; factor analysis (search for similar items in EconPapers)
JEL-codes: C (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)
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Persistent link: https://EconPapers.repec.org/RePEc:gam:jmathe:v:9:y:2021:i:8:p:872-:d:536770
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