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Research on the Properties of the AHP in the Environment of Inaccurate Expert Evaluations

In: Selected Issues in Experimental Economics

Author

Listed:
  • Paweł Ziemba

    (Jacob of Paradyż University of Applied Sciences in Gorzów Wielkopolski)

  • Jarosław Wątróbski

    (West Pomeranian University of Technology Szczecin)

  • Jarosław Jankowski

    (West Pomeranian University of Technology Szczecin)

  • Mateusz Piwowarski

    (West Pomeranian University of Technology Szczecin)

Abstract

The chapter deals with the issue of preference aggregation from pairwise comparison matrices in the AHP. The technique is widely used in economic research as a tool supporting decision making in finance, management and experimental economics. When inaccurate expert evaluations are made, it is essential to employ a procedure, in the technique, which correctly aggregates a decision-maker’s preferences and makes it possible to find a proper solution to a decision problem. In this chapter, with the use of simulations, fourteen aggregation procedures with different degrees of expert evaluation inaccuracies and for different sizes of decision problems are examined. Among the researched procedures there were: classical ones, based on column sums and a eigenvector of a matrix; ones based on the method of least squares using error minimization; as well as the method of a data envelope. As a result, procedures are indicated which aggregate a decision-maker’s assessment in the most precise manner and which find solutions closest to a reference.

Suggested Citation

  • Paweł Ziemba & Jarosław Wątróbski & Jarosław Jankowski & Mateusz Piwowarski, 2016. "Research on the Properties of the AHP in the Environment of Inaccurate Expert Evaluations," Springer Proceedings in Business and Economics, in: Kesra Nermend & Małgorzata Łatuszyńska (ed.), Selected Issues in Experimental Economics, edition 1, chapter 0, pages 227-243, Springer.
    • Handle: RePEc:spr:prbchp:978-3-319-28419-4_15
    DOI: 10.1007/978-3-319-28419-4_15
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    Citations

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    Cited by:

    1. Paweł Ziemba & Aneta Becker & Jarosław Becker, 2022. "Models and Indices of Sustainability Assessment in the Energy Context," Energies, MDPI, vol. 15(24), pages 1-22, December.
    2. Chia-Nan Wang & Van Thanh Nguyen & Hoang Tuyet Nhi Thai & Ngoc Nguyen Tran & Thi Lan Anh Tran, 2018. "Sustainable Supplier Selection Process in Edible Oil Production by a Hybrid Fuzzy Analytical Hierarchy Process and Green Data Envelopment Analysis for the SMEs Food Processing Industry," Mathematics, MDPI, vol. 6(12), pages 1-16, December.
    3. Xing Gao & Cheng Shi & Keyu Zhai, 2018. "An Evaluation of Environmental Governance in Urban China Based on a Hesitant Fuzzy Linguistic Analytic Network Process," IJERPH, MDPI, vol. 15(11), pages 1-20, November.
    4. Paweł Ziemba, 2019. "Inter-Criteria Dependencies-Based Decision Support in the Sustainable wind Energy Management," Energies, MDPI, vol. 12(4), pages 1-29, February.
    5. Khaled Yousef Almansi & Abdul Rashid Mohamed Shariff & Bahareh Kalantar & Ahmad Fikri Abdullah & Sharifah Norkhadijah Syed Ismail & Naonori Ueda, 2022. "Performance Evaluation of Hospital Site Suitability Using Multilayer Perceptron (MLP) and Analytical Hierarchy Process (AHP) Models in Malacca, Malaysia," Sustainability, MDPI, vol. 14(7), pages 1-36, March.
    6. Paweł Ziemba & Aneta Becker & Jarosław Becker, 2021. "Forecasting and Assessment of the Energy Security Risk in Fuzzy Environment," Energies, MDPI, vol. 14(18), pages 1-20, September.

    More about this item

    Keywords

    AHP method; Economic experiment;

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