Analytic Hierarchy Process: Difference between revisions

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The '''Analytic Hierarchy Process''' (AHP) is a problem solving framework used in decision making and similar applications. It incorporates a systematic process for representing the elements of a problem, for relating those elements to overall goals, and for choosing among alternative solutions.  
The '''Analytic Hierarchy Process''' (AHP) is a problem solving framework used in decision making. It is a systematic process for representing the elements of a problem, for relating those elements to overall goals, and for choosing among alternative solutions.  


While it can be used by individuals in solving relatively straightforward problems, it is best suited to situations where groups of people are dealing with highly complex problems.
Developed in the 1970s, AHP has been successfully applied to many complex planning, resource allocation, and priority setting problems in business, government, and elsewhere. It has the proven ability to resolve or assist in resolving a wide class of important decision problems.  


Understanding of AHP is considered to be an essential part of the education of an MBA.
While AHP can be used by individuals in solving relatively straightforward problems, it is best suited to situations where teams of people are working on problems that are highly complex.
 
==References==
*[http://ite.pubs.informs.org/Vol4No2/BodinGass/index.php Paper: Smith School, University of Maryland]
*[http://search.barnesandnoble.com/BookSearch/isbnInquiry.asp?z=y&EAN=9780792370765 Book: Natural Resource and Environmental Decision Making]

Revision as of 08:54, 15 August 2007

The Analytic Hierarchy Process (AHP) is a problem solving framework used in decision making. It is a systematic process for representing the elements of a problem, for relating those elements to overall goals, and for choosing among alternative solutions.

Developed in the 1970s, AHP has been successfully applied to many complex planning, resource allocation, and priority setting problems in business, government, and elsewhere. It has the proven ability to resolve or assist in resolving a wide class of important decision problems.

While AHP can be used by individuals in solving relatively straightforward problems, it is best suited to situations where teams of people are working on problems that are highly complex.

References