An Introduction to Management Science Quantitative Approach
Quiz 14: Multicriteria Decisions
A Consistency Ratio Greater Than 0
A consistency ratio greater than 0.10 indicates inconsistency in the pairwise comparisons.
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Requiring a decision maker to provide judgments about the relative importance of each criterion and then specifying a preference for each decision alternative using each criterion is the purpose of the analytic hierarchy process.
The goal programming approach can be used when an analyst is confronted with an infeasible solution to an ordinary linear program.
A problem involving only one priority level is not considered a goal programming problem.
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