ASTM-E1765 Standard Practice for Applying Analytical Hierarchy Process (AHP) to Multiattribute Decision Analysis of Investments Related to Projects, Products, and Processes

ASTM-E1765 - 2016 R23 EDITION - CURRENT
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Standard Practice for Applying Analytical Hierarchy Process (AHP) to Multiattribute Decision Analysis of Investments Related to Projects, Products, and Processes
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Scope

1.1 This practice presents a procedure for calculating and interpreting AHP scores of a project's total overall desirability when making building-related capital investment decisions.

1.2 In addition to monetary benefits and costs, the procedure allows for the consideration of characteristics or attributes which decision makers regard as important, but which are not readily expressed in monetary terms. Examples of such attributes that pertain to the selection of a building alternative (and its surroundings) are location/ accessibility, site security, maintainability, quality of the sound and visual environment, and image to the public and occupants.

Keywords

AHP (analytical hierarchy process); Analytical hierarchy process (AHP); Building economics; Composite weights for leaf attributes; Decision analysis; Economic evaluation methods; Engineering economics; Hierarchical methods; Investments in buildings; Life-cycle cost (LCC) analysis; MADA (multiattribute decision analysis); Multiattribute decision analysis (MADA); Multiple criteria/objective decision analysis; Non-monetary attributes; Operations research methods; multiattribute decision analysis of investments related to; ICS Number Code 03.100.50 (Production. Production management); 91.010.99 (Other aspects)

To find similar documents by ASTM Volume:

04.11 (Building Constructions (I): E72 - E2110)

To find similar documents by classification:

03.100.50 (Production. Production management)

91.010.99 (Other aspects)

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Document Number

ASTM-E1765-16R23

Revision Level

2016 R23 EDITION

Status

Current

Modification Type

Revision

Publication Date

May 10, 2023

Document Type

Practice

Page Count

20 pages

Committee Number

E06.81