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• • Purchasing a mountain bike Three criteria: price, gear action, weight/durability Three types of bikes: A,B,C Developed pairwise comparison matrices I,II,III Ranked the decision criteria based on the pairwise comparison Il-Gear Action Bike A B C A 1 1/3 1/7 B 3 1 1/4 C 7 4 1 III-Weight/Durability Bike A B C Select the best bike using A 1 3 1 AHP B 1/3 1 1/2 C 1 2 1 I-Price Criteria Price Gear Weight Bike A B C Price 1 3 5 A 1 3 6 B 1/3 1 2 Gear 1/3 1 2 C 1/6 2 1 Weight 1/5 1/2 1

• • Purchasing a mountain bike Three criteria: price, gear action, weight/durability Three types of bikes: A,B,C Developed pairwise comparison matrices I,II,III Ranked the decision criteria based on the pairwise comparison Il-Gear Action Bike A B C A 1 1/3 1/7 B 3 1 1/4 C 7 4 1 III-Weight/Durability Bike A B C Select the best bike using A 1 3 1 AHP B 1/3 1 1/2 C 1 2 1 I-Price Criteria Price Gear Weight Bike A B C Price 1 3 5 A 1 3 6 B 1/3 1 2 Gear 1/3 1 2 C 1/6 2 1 Weight 1/5 1/2 1

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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• • Purchasing a mountain bike Three criteria: price, gear action, weight/durability Three types of bikes: A,B,C Developed pairwise comparison matrices I,II,III Ranked the decision criteria based on the pairwise comparison Il-Gear Action Bike A B C A 1 1/3 1/7 B 3 1 1/4 C 7 4 1 III-Weight/Durability Bike A B C Select the best bike using A 1 3 1 AHP B 1/3 1 1/2 C 1 2 1 I-Price Criteria Price Gear Weight Bike A B C Price 1 3 5 A 1 3 6 B 1/3 1 2 Gear 1/3 1 2 C 1/6 2 1 Weight 1/5 1/2 1
Transcribed Image Text:• • Purchasing a mountain bike Three criteria: price, gear action, weight/durability Three types of bikes: A,B,C Developed pairwise comparison matrices I,II,III Ranked the decision criteria based on the pairwise comparison Il-Gear Action Bike A B C A 1 1/3 1/7 B 3 1 1/4 C 7 4 1 III-Weight/Durability Bike A B C Select the best bike using A 1 3 1 AHP B 1/3 1 1/2 C 1 2 1 I-Price Criteria Price Gear Weight Bike A B C Price 1 3 5 A 1 3 6 B 1/3 1 2 Gear 1/3 1 2 C 1/6 2 1 Weight 1/5 1/2 1
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