All entries for Thursday 07 March 2013
March 07, 2013
AHP tool works on comparing the decision attributes and ranking them accordingly. The benefit of AHP is in giving an insight of the decision hierarchy to efficiently evaluate the criteria and sub criteria. Moreover, it helps in aiding qualitative decisions where specific values are not available and uncertainty is high. Nevertheless, this provides a big window for personal judgement and decision bias. This, however, can be overcome by prioritising the firm needs and experience with utilising the tool.
it is important to understand the advantages and disadvantages of decision analysis tools for effective use. Moreover, it is also important to be aware of where biases fit in decision tools to be able to minimise it. being aware of judgement is helpful to know how the reliability of decision is affected.
The AHP is very useful in making decisions. in my line of work, i can expect my self to use AHP for prioritizing maintenance task according to importance especially when quantitative data is not available. it also can be used making decisions on how distribute the workforce according to the workload requirements.
decision tools are numerous. When planning to make a reliable decision it is always useful to use a tool. However, selecting the right tool can be more complicated than using the tool it self. The literature describes that tool selection is dictated by decision requirement such as, amount of data available, time and resources, complexity and people involved. the most logical approach would be to assess all the tools for compatibility, however, this might require extensive time resources and experience. a more convenient approach is to understand from literature what tools are used for the decision requirement and assess the benefit of a particular tool to reach to convenient decision.
The importance of this knowledge is in simplifying the tool selection process. However, this improves by experience in decision analysis and familiarity with tools benefits.
in our location decision we assessed the decision requirement and compared it to decision tree advantages which showed a very positive result as a practise of the proposed selection approach. At work, when required to make a decision i can assess the available data, resources and the associated uncertainty to aid me in tools selection using common tools advantages.