Analytic Hierarchy Process Concepts

The video tutorial explains the Analytic Hierarchy Process (AHP), a method used in multi-criteria decision making (MCDM) to calculate the weights of criteria. It covers the creation of a hierarchical structure, the development of a pairwise comparison matrix, and the calculation of criteria weights. The tutorial also discusses the importance of consistency in the AHP process and how to check for it. The example used is selecting the best mobile phone based on criteria like price, storage space, camera, and looks.

What does AHP stand for in decision-making processes?

• Analytic Hypothesis Procedure

• Analytic Hierarchy Procedure

• Analytic Hypothesis Process

• Analytic Hierarchy Process

What is the primary goal in the given AHP example?

• To find the cheapest mobile phone

• To buy the best mobile phone

• To compare different mobile brands

• To evaluate mobile phone features

In AHP, what is the first step in creating a decision-making model?

• Creating a decision matrix

• Calculating criteria weights

• Evaluating alternatives

• Establishing a hierarchical structure

What is the purpose of the hierarchical structure in AHP?

• To evaluate the decision matrix

• To determine the best alternative

• To calculate the consistency ratio

• To organize criteria and alternatives

How many criteria are used in the decision matrix example?

• Four

• Three

• Five

• Six

What does a pairwise comparison matrix help determine?

• The best alternative

• The cost of each alternative

• The relative importance of criteria with respect to the goal

• The absolute importance of each criterion

Which value on the scale of relative importance indicates 'strong importance'?

• 3

• 1

• 7

• 5

How is the value in a pairwise comparison matrix determined?

• By the number of alternatives

• By the number of criteria

• By the cost of alternatives

• By the decision maker's preference

What is the diagonal value in a pairwise comparison matrix?

• 3

• 2

• 1

• 0

What is the role of the decision maker in filling the pairwise comparison matrix?

• To establish the hierarchical structure

• To calculate the consistency ratio

• To assign relative importance values based on preferences

• To determine the absolute importance of criteria