THE ANALYTIC HIERARCHY & THE ANALYTIC NETWORK PROCESSES IN MULTICRITERIA DECISION MAKING: A COMPARATIVE STUDY

Abstract

The objective of this investigation is to identify the critical benefits and factors of decision making models in a changing technological environment. Decision making models are helping tools for the managers or decision makers to make future plans by using qualitative or quantitative data. In this research; a general idea about decision making models and, comparison between the two important models, Analytical Hierarchy Process (AHP) and Analytical Network Process (ANP), are introduced. The research was done by using the information in the literature and expert judgment. This paper can be used by academics as a foundation for further research and development in the area of decision making models. Managers can use this paper for choosing the right decision making method in a variety of constraints, such as time, budget, human resources etc. Also it can be used for further development in establishing standard operational decision making procedures in crisis situations

Keywords

• Multi Criteria Decision Making
• Analytic Hierarchy Process
• Analytic Network Process.