| Title: | Selection procedure of the approximation methods for deriving priorities : a case of inconsistent pairwise comparisons |
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| Authors: | ID Čančer, Vesna (Author) |
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| Files: |  https://hrcak.srce.hr/ojs/index.php/bsr/article/view/29348/16627
 Selection-Procedure-of-the-Approximation-Methods-for-Deriving-Priorities-A-Case-of-Inconsistent-Pairwise-Comparisons-1.pdf (379,79 KB)
MD5: 9A04D23422278F5BD7DCAB7F98F494FB
URL of processed file: https://doi.org/10.2478/bsrj-2024-0015
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| Language: | English |
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| Work type: | Scientific work |
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| Typology: | 1.01 - Original Scientific Article |
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| Organization: | EPF - Faculty of Business and Economics
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| Abstract: | 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. |
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| Keywords: | accuracy, analytic hierarchy process, approximation method, pairwise comparisons, priority, simulation |
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| Publication status: | Published |
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| Publication version: | Version of Record |
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| Submitted for review: | 25.01.2024 |
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| Article acceptance date: | 05.05.2024 |
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| Publication date: | 10.10.2024 |
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| Publisher: | Bussiness information technology |
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| Year of publishing: | 2024 |
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| Number of pages: | str. 21-30 |
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| Numbering: | Vol. 15, no. 2 |
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| PID: | 20.500.12556/DKUM-92171  |
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| UDC: | 519.8 |
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| ISSN on article: | 1847-9375 |
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| COBISS.SI-ID: | 210089731 |
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| DOI: | 10.2478/bsrj-2024-0015 |
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| Publication date in DKUM: | 09.05.2025 |
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| Views: | 134 |
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| Downloads: | 13 |
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| Metadata: |    |
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| Categories: | Misc.
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