Magnitude adjustment for AHP benefit/cost ratios

Wedley, William C.; Choo, Eng Ung; Schoner, Bertram

doi:10.1016/s0377-2217(00)00302-7

Cited by 55 publications

(29 citation statements)

References 18 publications

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“…It is based on a person's perceptions identified through a survey [27]. The results of the analysis are provided as a priority ratio by paired comparison [28]. Saaty mentioned that "The AHP is a theory of measurement through pairwise comparisons and relies on the judgements of experts to derive priority scales" [29].…”

Section: Analytic Hierarchy Process Methodsmentioning

confidence: 99%

Priorities of Coworking Space Operation Based on Comparison of the Hosts and Users’ Perspectives

et al. 2017

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More than 1,180,000 people use several thousand coworking spaces these days, but the running of coworking spaces is a rather fragile business model. Coworking spaces need entrepreneurial sustainability as well. Therefore, this study identifies success factors for sustainable business through analysis of users and hosts' demands and priorities about coworking spaces. To identify the priorities, we conducted a questionnaire survey with 60 hosts and 56 users by using the analytic hierarchy process method. We found that hosts thought community and communication most important, followed by space and interior, service diversity, and price plan, and users considered relationship facilitation the most important, followed by service diversity, price plan, and networking event and party. After discussions with coworking space hosts and users to understand the differences in viewpoints, we combined the results to find the highest priorities. Finally, we identified relationship facilitation, service diversity, and price plan as having the highest priorities for sustainable coworking space operation for both sides. This study has major implications for research into improving management of coworking spaces as it asks users and hosts to select and focus on elements of priority in their decision making for entrepreneurial sustainability and management innovation.

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Section: Analytic Hierarchy Process Methodsmentioning

confidence: 99%

Priorities of Coworking Space Operation Based on Comparison of the Hosts and Users’ Perspectives

et al. 2017

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“…However before the adoption, a traditional financial analysis (discounted cash flow) has been conducted in order to assess the profitability of the selected alternative. In fact, the cost-benefit analysis with the GAHPO ranks the alternatives but there is no guarantee that they will generate profits (Wedley et al, 2001). The first ranked alternative could be simply the one with the least loss.…”

Section: Discussionmentioning

confidence: 99%

“…Later, it was proposed (Azis, 1990;Clayton, Wright, & Sarver, 2001;Wedley, Choo, & Schoner, 2001) to decompose the model into further subproblems, in separating criteria with opposite direction in different hierarchies: benefits versus costs. The reason of this additional decomposition is that criteria on the same direction are much easier to compare than two in opposite directions like a criterion to be minimised and another to be maximised.…”

Section: Analytic Hierarchy Process Orderingmentioning

confidence: 99%

Selection of new production facilities with the Group Analytic Hierarchy Process Ordering method

Ishizaka

Labib

2011

Expert Systems with Applications

170

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a b s t r a c tThis paper presents the Group Analytic Hierarchy Process Ordering (GAHPO) method: a new multi-criteria decision aid (MCDA) method for ordering alternatives in a group decision. The backbone of the method is the Analytic Hierarchy Process (AHP) which is separated into two hierarchies for a cost and a benefit analysis. From these two analyses, a partial ordinal ranking can be deduced, where three relations between alternatives exist: the preference, indifference, and incomparability. A complete cardinal ranking can also be deduced by dividing the score of the benefit analysis by the score of the cost analysis. Another particularity of GAHPO is the incorporation of 'fairness' when assigning weights to the decision makers. GAHPO has been developed to solve a real case: a selection of new production facilities with multiple stakeholders. By applying this method, we found four main advantages: significant reduction of time and effort in the decision process; easiness for the decision makers to arrive at a consensus; enhancement of the decision quality and documentation with justification of the decision made. In using the proposed method both efficiency and equity are achieved in the decision making process.

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“…There have been a number of empirical studies that have used the framework of AHP as an alternative approach to consider a non-economic variables in to the analysis, such as cost benefit analysis (CBA) (Azis, 1990, Clayton et al1993Wedley et al, 2001;Handfield et al, 2002). In this study, we adopt their approach to analyze the costs and benefits of trade liberalization on the national economy.…”

Section: Ahpmentioning

confidence: 99%

ASEAN Economic Cooperation: Trade Liberalization Impacts on the National Economy

Safuan¹

2012

IJEF

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This study aims to analyse the impact of trade liberalization by focusing on twelve priority industrial sectors in the ASEAN-5 (Singapore, Thailand, Indonesia, Malaysia and the Philippines). The General Equilibrium Model based on Multi-country Input Output Data as provided by the GTAP is used to measure potential economic benefits of reducing tariffs on output, trade balance, welfare gain, and competitiveness. We compare the outcome of the CGE approach with the Cost Benefit Analysis (CBA) based on the Analytical Hierarchy Process (AHP). The results show that the outcomes of the CGE Model does not match those suggested by the AHP. However, they do support the findings of Falianty (2005), Achsani and Siregar (2010), Achsani and Partisiwi (2010), Nugroho and Yanfitri (2011). Our results suggest that taking non-economic but relevant factors from public opinion into account affects the robustness of CGE studies based purely on economic factors.

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Magnitude adjustment for AHP benefit/cost ratios

Cited by 55 publications

References 18 publications

Priorities of Coworking Space Operation Based on Comparison of the Hosts and Users’ Perspectives

Priorities of Coworking Space Operation Based on Comparison of the Hosts and Users’ Perspectives

Selection of new production facilities with the Group Analytic Hierarchy Process Ordering method

ASEAN Economic Cooperation: Trade Liberalization Impacts on the National Economy

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