Saturday, December 23, 2006

Analytic Hierarchy Process (AHP)

AHP is the concept of multi-criteria decision making and a decision support technique with the following steps:

Step 1: Developing the AHP Hierarchy
Step 2: Making Judgments about the Criteria and the Decision Alternatives
Step 3: Deriving the Priority from Pair wise Comparison Matrix
Step 4: Measuring the Consistency of the Decision Maker’s Judgments
Step 5: Synthesis -- Construction of an Overall Priority

We have adopted this method on a case study for the decision making of office relocation. It is an interesting model. I will keep a copy of the excel model and will make use of it later for my company. :-)

No comments: