RAMÍK, Jaroslav. Ranking alternatives by pairwise comparisons matrix and priority vector. Scientific Annals of Economics and Business. 2017, vol. 2017, No 64, p. 85-95. ISSN 2501-1960.
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Basic information
Original name Ranking alternatives by pairwise comparisons matrix and priority vector
Authors RAMÍK, Jaroslav (203 Czech Republic, guarantor, belonging to the institution).
Edition Scientific Annals of Economics and Business, 2017, 2501-1960.
Other information
Original language English
Type of outcome Article in a journal
Field of Study 10103 Statistics and probability
Country of publisher Romania
Confidentiality degree is not subject to a state or trade secret
RIV identification code RIV/47813059:19520/17:00010973
Organization unit School of Business Administration in Karvina
Keywords in English ranking alternatives; pairwise comparisons matrix; analytic hierarchy process; consistency
Changed by Changed by: RNDr. Daniel Jakubík, učo 139797. Changed: 7/2/2020 10:58.
Abstract
The decision making problem considered here is to rank n alternatives from the best to the worst, using information given by the decision maker-s in the form of an n×n pairwise comparisons /PC/ matrix. We investigate pairwise comparisons matrices with elements from a real interval which is a traditional multiplicative approach used in Analytic hierarchy process /AHP/. Here, we deal with two essential elements of AHP measuring consistency of PC matrix and the method of eliciting the priority vector by which the final ranking of alternatives is derived. Classical approaches introduced by T. Saaty in AHP are compared with later approaches based on the AHP criticism published in the literature. Advantages and disadvantages of both approaches are highlighted and discussed.
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