A hybrid approach using the analytic hierarchy process and integer programming to screen weapon systems projects
Screening weapon systems development projects is a complex, multicriteria decision problem that must be accomplished within a constrained resource environment. This paper presents a hybrid decision support methodology for use in the screening of weapon systems development projects. The hybrid method...
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Published in: | IEEE transactions on engineering management Vol. 50; no. 2; pp. 192 - 203 |
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Main Authors: | , , , , |
Format: | Journal Article |
Language: | English |
Published: |
New York
IEEE
01-05-2003
The Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
Subjects: | |
Online Access: | Get full text |
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Summary: | Screening weapon systems development projects is a complex, multicriteria decision problem that must be accomplished within a constrained resource environment. This paper presents a hybrid decision support methodology for use in the screening of weapon systems development projects. The hybrid methodology integrates the analytic hierarchy process (AHP) with a 0-1 integer portfolio optimization model. An AHP component allows the decision maker to incorporate qualitative and intangible criteria into the decision-making process and use the priority rankings of the AHP to represent a measure of value in the 0-1 integer model objective function. The hybrid methodology is extremely flexible and the decision maker can tailor both the AHP and the 0-1 integer optimization model to represent a specific decision-making situation. To fully appreciate the added value of implementing the hybrid screening methodology, a group of Air Force decision makers applied the hybrid methodology to a realistic weapon-systems project screening activity. Results indicate that decision support provided by the methodology could lead to substantial improvements in a weapon-systems portfolio value. |
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Bibliography: | ObjectType-Article-2 SourceType-Scholarly Journals-1 ObjectType-Feature-1 content type line 23 |
ISSN: | 0018-9391 1558-0040 |
DOI: | 10.1109/TEM.2003.810827 |