In an AHP Problem, the Priorities for Three Criteria Are $1 \quad .1722$

question 28

Essay

In an AHP problem, the priorities for three criteria are Criterion $1 \quad .1722$
Criterion $2 \quad .1901$
Criterion $3 \quad .6377$ The priority matrix is $$\begin{array} { c c c c } & \text { Criterion 1 } & \text { Criterion 2 } & \text { Criterion 3 } \\\text { Choice 1 } & .425 & .292 & .850 \\\text { Choice 2 } & .330 & .251 & .105 \\\text { Choice 3 } & .245 & .457 & .045\end{array}$$ Compute the overall priority for each choice.

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Definitions:

Automated Equipment

Machinery and tools that operate with minimal human intervention, often using technology to perform tasks.

Intangible Benefits

Non-monetary advantages of an action or investment, such as improved employee satisfaction or brand loyalty, which are difficult to quantify.

Discount Rate

The interest rate used to discount future cash flows to their present value, reflecting the opportunity cost of capital.

Net Cash Inflows

The difference between all cash inflows and outflows within a specific period, reflecting the company’s cash position.