ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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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
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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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