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The analytic hierarchy process (AHP) is flawed as a procedure for ranking alternatives in that the rankings produced by this procedure are arbitrary. This paper provides a brief review of several areas of operational difficulty with the AHP, and then focuses on the arbitrary rankings that occur...
Persistent link: https://www.econbiz.de/10009191718
The use of decomposition as a procedure for improving the consistency of subjective probability encoding is discussed. Using a psychometric measurement model, an expression is developed that describes the random error associated with decomposition estimates as a function of characteristics of...
Persistent link: https://www.econbiz.de/10009218407
Persistent link: https://www.econbiz.de/10012650086