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Analysis of Qualitative and Quantitative Rankings in Multicriteria Decision Making

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Coping with the Complexity of Economics

Abstract

The decision procedures applied in MCDM (Multicriteria Decision Making) are the most suitable in coping with problems involved by social choices, which have to satisfy a high number of criteria. In such a framework an important role is played by the Analytic Hierarchy Process (A.H.P., for short), a procedure developed by T.L. Saaty at the end of the 70s [14], [15], [16], and widely used by governments and companies in fixing their strategies [10], [16], [19]. The A.H.P. shows how to use judgement and experience to analyze a complex decision problem by combining both qualitative and quantitative aspects in a single framework and generating a set of priorities for alternatives.

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D’Apuzzo, L., Marcarelli, G., Squillante, M. (2009). Analysis of Qualitative and Quantitative Rankings in Multicriteria Decision Making. In: Faggini, M., Lux, T. (eds) Coping with the Complexity of Economics. New Economic Windows. Springer, Milano. https://doi.org/10.1007/978-88-470-1083-3_10

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