Theory of the Analytic Hierarchy and Analytic Network Processes - Examples, Part 2.2

In this part we introduce the role of benefits, opportunities, costs and risks (BOCR) in decision- making and how to establish priorities for them. We give an example of a real life application of the US Congress acting on China joining the World Trade Organization (WTO) mailed to the US congression...

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Date:2003
Main Author: Saaty, T.L.
Format: Article
Language:English
Published: Навчально-науковий комплекс "Інститут прикладного системного аналізу" НТУУ "КПІ" МОН та НАН України 2003
Series:Системні дослідження та інформаційні технології
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Online Access:https://nasplib.isofts.kiev.ua/handle/123456789/50266
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Journal Title:Digital Library of Periodicals of National Academy of Sciences of Ukraine
Cite this:Theory of the Analytic Hierarchy and Analytic Network Processes - Examples, Part 2.2 / T.L. Saaty // Систем. дослідж. та інформ. технології. — 2003. — № 2. — С. 7-33. — Бібліогр.: 4 назв. — англ.

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Digital Library of Periodicals of National Academy of Sciences of Ukraine
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Summary:In this part we introduce the role of benefits, opportunities, costs and risks (BOCR) in decision- making and how to establish priorities for them. We give an example of a real life application of the US Congress acting on China joining the World Trade Organization (WTO) mailed to the US congressional committee before that decision. We then introduce and apply the Analytic Network Process and its concept of a supermatrix to make decisions with dependence and feedback and illustrate its application for a single “control”criterion of market share. This will be followed in Part 2.3 by a full BOCR application in the context of the ANP.