Using DS/AHP to rank of sectors on their potential to strengthen regional economic development

Beynon, Malcolm James ORCID: https://orcid.org/0000-0002-5757-270X, Munday, Maxim C. R. ORCID: https://orcid.org/0000-0001-9067-2481 and Roberts, Annette ORCID: https://orcid.org/0000-0002-6617-7808 2006. Using DS/AHP to rank of sectors on their potential to strengthen regional economic development. Presented at: MCDM 2006, Chania, Greece, 19-23 June 2006.

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Abstract

DS/AHP is a nascent method for multi-criteria decision making (MCDM), applied here to the ranking of sectors (industries). Moreover, the preference of each sector over different criteria is dependent on their expected ability to improve the development prospects of a UK region. Due to the large number of sectors considered in this case, the use of more traditional MCDM techniques such as AHP is problematic. The utilisation of DS/AHP alleviates this problem, placing the level of judgement making in the control of the DM. Using DS/AHP allows the evaluation of levels of belief and plausibility on the preference of sectors. With more than one DM involved in this sector-choice problem, a consistent approach to the aggregation of their individual and then group judgements is undertaken. Aspects from the notion of consideration sets from consumer choice theory are utilised to support the identification of a most preferred sub-group of the available sectors.

Item Type:	Conference or Workshop Item (Paper)
Date Type:	Completion
Status:	Unpublished
Schools:	Business (Including Economics)
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HA Statistics H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor Q Science > QA Mathematics
Uncontrolled Keywords:	DS/AHP; group decision making; ignorance
Last Modified:	08 Jul 2024 18:12
URI:	https://orca.cardiff.ac.uk/id/eprint/37774

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