Procedure for multi-criterion choice of alternatives under risk environment on the basis of modified analytic hierarchy process

Abstract

Procedure is proposed for making decisions in problems related to the choice of alternatives evaluated by multiple criteria under risk environment. Procedure is based on determination of overall rating of alternative for each variant of environment and application of game theory methods for choice of rational alternative. Modified analytic hierarchy process is proposed for obtaining of the overall ratings; this modification allows to automate evaluation of alternatives on the basis of identification of preferences of decision-maker. Procedure is intended for implementation in software for decision support system.