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Group decision-making within capital investment: a Fuzzy Analytic Hierarchy Process approach with developments

Author

Listed:
  • Yu-Cheng Tang
  • Malcolm J. Beynon

Abstract

In this study, a Fuzzy Analytic Hierarchy Process (FAHP) of a car hire purchasing problem is undertaken, with a group of decision makers involved in the judgements made. Developments on an existing FAHP method are exposited, including the sensitivity of the results when there is variation in the degree of fuzziness associated with the decisions made. The results presented further the understanding of the degree of fuzziness employed in the analysis, which directly attempts to model the inherent uncertainty, and incompleteness, in the specific preference judgements made.

Suggested Citation

  • Yu-Cheng Tang & Malcolm J. Beynon, 2009. "Group decision-making within capital investment: a Fuzzy Analytic Hierarchy Process approach with developments," International Journal of Operational Research, Inderscience Enterprises Ltd, vol. 4(1), pages 75-96.
  • Handle: RePEc:ids:ijores:v:4:y:2009:i:1:p:75-96
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    Cited by:

    1. Ping-Lung Huang & Bruce C.Y. Lee & Chen-Song Wang & Chi-Te Sun, 2017. "Relative Importance of the Factors under the ISO-10015 Quality Management Guidelines that Influence the Service Quality of Certification Bodies," Journal of Economics and Management, College of Business, Feng Chia University, Taiwan, vol. 13(1), pages 105-137, February.
    2. Xiang Deng & Xiang Cheng & Jing Gu & Zeshui Xu, 2021. "An Innovative Indicator System and Group Decision Framework for Assessing Sustainable Development Enterprises," Group Decision and Negotiation, Springer, vol. 30(6), pages 1201-1238, December.

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