Lootsma, F.A. (1993). Context-Related Scaling of Human Judgement in the Multiplicative AHP, SMART, and ELECTRE. IIASA Working Paper. IIASA, Laxenburg, Austria: WP-93-039
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Abstract
Since decisions are invariably made within a given context, we model relative preferences as ratios of increments or decrements in an interval on the axis of desirability. Next, we sort the ratio magnitudes into a small number of categories, represented by numerical values on a geometric scale. We explain why the Analytic Hierarchy Process (AHP) and the French collection of ELECTRE systems, typically based on pairwise -- comparison methods, are concerned with category judgement of ratio magnitudes, whereas the Simple Multi-Attribute Rating Technique (SMART) essentially uses the orders of magnitude of these ratios. This phenomenon, well-known in psycho-physics, provides a common basis for the analysis of the methods in question and for a cross-validation of their results. Throughout the paper, we illustrate the approach via a well-known case study, the choice of a location for a nuclear power plant.
Item Type: | Monograph (IIASA Working Paper) |
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Research Programs: | Risk Analysis and Policy (RAP) |
Depositing User: | IIASA Import |
Date Deposited: | 15 Jan 2016 02:02 |
Last Modified: | 27 Aug 2021 17:14 |
URI: | https://pure.iiasa.ac.at/3774 |
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