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Decision-Making in Fuzzy Environment: A Survey

In: Application of Decision Science in Business and Management

Author

Listed:
  • Hani K. Mahdi
  • Hossam Elsherif
  • Hossam Abd El Munim
  • Hossam Abd El Munim

Abstract

Multi-criteria decision-making (MCDM) is a crucial process in many business and management applications. The final decision is based upon the relative weights to the decision-making team. The analytic hierarchy process (AHP) has found to be one of the most successful approaches for evaluations of the weights and the importance of the criteria. However, most of the evaluated values are not so precise due to the fuzziness of the evaluating environment. This chapter surveys essentially the basic analytic hierarchy process and the fuzzy analytic hierarchy process (FAHP). It depicts through an example the steps for using the original analytic hierarchy process for two levels of criteria. Then, it uses the same example to explain the fuzzy approach in the evaluation. Finally, it compares both approaches.

Suggested Citation

  • Hani K. Mahdi & Hossam Elsherif & Hossam Abd El Munim & Hossam Abd El Munim, 2020. "Decision-Making in Fuzzy Environment: A Survey," Chapters, in: Fausto Pedro Garcia Marquez (ed.), Application of Decision Science in Business and Management, IntechOpen.
    • Handle: RePEc:ito:pchaps:202293
    DOI: 10.5772/intechopen.88736
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    More about this item

    Keywords

    analytic hierarchy process (AHP); fuzzy analytic hierarchy process (FAHP); multi-criteria decision-making (MCDM); Chang's extent analysis;
    All these keywords.

    JEL classification:

    • D7 - Microeconomics - - Analysis of Collective Decision-Making

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