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| Author: | Boucher, T. Gogus, O. Wicks, E. |
| Title: | A comparison between two multiattributive decision methodologies used in capital investment decision analysis |
| Journal: | Engineering Economist
1997 : SPRING, VOL. 42:3, p. 179-202 |
| Index terms: | METHODOLOGY CAPITAL INVESTMENT DECISION ANALYSIS |
| Language: | eng |
| Abstract: | Two multicriteria decision methodologies applied to evaluating capital investments are the Analytic Hierarchy Process (AHP) and the Non-Traditional Capital Investment Criteria (NCIC) model. In this paper, the authors demonstrate that a mathematical relationship exists between these two models. In particular, a data set obtained by one method can be mapped into an equivalent data set obtained using the other method. It is suggested that this offers an opportunity of empirically assessing decision makers' judgmental capabilities under varying data collection methods. |
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