International Journal of Management and Decision Making · 2015 · 21 citations · 19 references
BusinessDecision SciencesStrategyDecision MakingMulti-criteria Decision MakingStrategic PlanningCriteria WeightingDecision StudiesMulti-criteria Decision AnalysisAggregated Expert JudgmentExpert AggregationExpert JudgmentMulti-criteria ComparisonMulti-criteria Group Decision MakingMulticriteria ComparisonPairwise ComparisonScale Considerations
We suggest a new approach to conducting individual pair-wise comparisons during individual and group multi-criteria decision-making. Under the approach, every expert can use the most convenient scale for every single pair-wise comparison. By 'convenient scale' we mean the scale, in which the degree of detail most adequately reflects this expert's competence in the issue under consideration. All scales are assigned respective weights. Then all expert judgments are brought to a unified scale, checked for consistency and aggregated. Software for pair-wise comparison conduction has been developed, and an experiment has been organised. The experiment statistically proved that usage of the suggested approach increased the adequacy of expert examination results. The approach is especially relevant for strategic planning in industries, representing weakly structured domains, where one cannot rely only on quantitative data and tangible criteria. As an example of the approach's practical usage we consider its application for evaluation of space projects.
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S. S. Stevens · Psychological Review · 1957 · 3.4K citations
Transmission of Information<sup>1</sup>
R. V. L. Hartley · Bell System Technical Journal · 1928 · 1.8K citations
Thomas L. Saaty · Revista de la Real Academia de Ciencias Exactas Físicas y Naturales Serie A Matemáticas · 2008 · 1.1K citations