Theory of the analytic hierarchy and analytic network processes – examples. Part 2.2

Authors

  • Thomas L. Saaty

Abstract

In this part we introduce the role of benefits, opportunities, costs and risks (BOCR) in decision- making and how to establish priorities for them. We give an example of a real life application of the US Congress acting on China joining the World Trade Organization (WTO) mailed to the US congressional committee before that decision. We then introduce and apply the Analytic Network Process and its concept of a supermatrix to make decisions with dependence and feedback and illustrate its application for a single "control" criterion of market share. This will be followed in Part 2.3 by a full BOCR application in the context of the ANP.

Author Biography

Thomas L. Saaty

Thomas L. Saaty

Downloads

Issue

No. 2 (2003)

Section

Decision making and control in economic, technical, ecological and social systems

License

This is an open access journal which means that all content is freely available without charge to the user or his/her institution. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles in this journal without asking prior permission from the publisher or the author. This is in accordance with the BOAI definition of open access.