A comparative analysis of multicriteria evaluation methods AHP and fare used to determine the criteria weights

Abstract

Weights of the evaluation criteria can hardly be accurately determined by multicriteria evaluation methods when the number of the criteria is large. This also applies to the currently used AHP method. A method referred to as FARE can be applied to solve the problem. According to this approach, experts should fill in only the first row of pairwise comparison matrix, while the elements of other rows are determined analytically. Therefore, the consistency of matrix results and accuracy of evaluation are increased considerably. The effectiveness of FARE was confirmed by calculating the coefficient of correlation between the criteria weights obtained by using the methods AHP and FARE.