A2 – Project Analytical Hierarchy Process (AHP)
Course Overview
As an introduction to the decision sciences, this course familiarizes students to some of the relevant methodologies utilized in a multi-criteria decision making environment, including:
Analytical Hierarchy Process (AHP): This module presupposes foundations in matrix algebra to incorporate subjective evaluation into the multi-criterion decision-making process, and includes the traditional components of setting criterion and establishing priorities, eliciting behavioral inputs and comparisons, checking for consistencies, and deriving overall priority ranks. Student teams will consider a problem related to government, industry, healthcare, or another practical and localized domain, administer the problem as a collaborative exercise within the class, and derive the solution that best represents the class participant inputs. Microsoft Excel will be incorporated as a decision support tool for analysis. A short written report and an oral report are required from each student team, who will also compare class outcomes with industry practice.
A2. Analytical Hierarchy Process (AHP) Team Project: Each student team must identify a relevant multi-criterion ethical or business environmental problem that is faced by a localized industry, governmental sector and develop a prototype AHP model. The subjective inputs of the class must be elicited (discussed in class) as a required component of the project. Hence classroom discussion and interaction is critical. Students should consider how multiple cultures across the globe might choose alternative criteria and their priorities, and understand how this diversity impacts on a firm’s ability to make decisions effectively. Students must demonstrate the ability to use AHP to determine a solution to the problem that best represents the class inputs. A short written report is to be submitted near the end of the term that discusses the model and the
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