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<metadata xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:dc="http://purl.org/dc/elements/1.1/"><dc:title>Selection procedure of the approximation methods for deriving priorities</dc:title><dc:creator>Čančer,	Vesna	(Avtor)
	</dc:creator><dc:subject>accuracy</dc:subject><dc:subject>analytic hierarchy process</dc:subject><dc:subject>approximation method</dc:subject><dc:subject>pairwise comparisons</dc:subject><dc:subject>priority</dc:subject><dc:subject>simulation</dc:subject><dc:description>Background:When   pairwise   comparisons   are   used   to   express   preferences foralternatives  or  judgments  on criteria's  importance, several  methods  can be used  to derive priorities in multi-criteria decision-making. In the case of inconsistency, different methods give different results. Objectives:The main goal of this paper is to present the procedure of measuring the accuracy of the selected approximation methods based on  pairwise  comparisons  compared  to  the  priorities  obtained  by  the  eigenvalue method.   It   also   aims   toillustrate   the   procedure onthe   numerical   example characterisedby acceptable  inconsistency.Methods/Approach:The  presented procedure  is  based  on  a  prescriptive  approach,  the  fixed  ratio  scale, reciprocal pairwise  comparison matrices,and consistency ratio.Mean  absolute  deviation  and mean absolute percentage deviation are used to measureaccuracy.Results:The first result is the theoretical statement of the priorities’ accuracy measurement procedure. The  results  of  the  numerical  example characterisedbythe preferencesof  strength slight to strong plus show that,on average, the most accurate approximation method is the geometric mean method. Conclusions:The research contributes to the literatureonprescriptive approaches to decision-making. The results can show potential users which  approximation  method  to  use  and  lecturers  which  of  them  to  include  in  the curriculum portfolio.</dc:description><dc:publisher>Bussiness information technology</dc:publisher><dc:date>2024</dc:date><dc:date>2025-03-18 03:08:56</dc:date><dc:type>Znanstveno delo</dc:type><dc:identifier>92171</dc:identifier><dc:identifier>UDK: 519.8</dc:identifier><dc:identifier>COBISS_ID: 210089731</dc:identifier><dc:identifier>DOI: 10.2478/bsrj-2024-0015</dc:identifier><dc:identifier>ISSN pri članku: 1847-9375</dc:identifier><dc:language>sl</dc:language></metadata>
