Calculate the priority vector for the criterion – Experience.
Question
Calculate the priority vector for the criterion – Experience.
Solution
To calculate the priority vector for the criterion - Experience, we will use the Analytic Hierarchy Process (AHP) method.
Step 1: Create a pairwise comparison matrix. In this matrix, we will compare the importance of Experience with other criteria. Let's assume we have three criteria: Experience, Education, and Skills. We will compare Experience with each of these criteria and assign a value between 1 and 9, representing the relative importance. For example, if Experience is considered to be twice as important as Education, we would assign a value of 2 to Experience/Education and a value of 1/2 to Education/Experience.
Step 2: Normalize the matrix. To do this, we divide each element in the matrix by the sum of its column. This will ensure that the values in each column add up to 1.
Step 3: Calculate the average of each row. This will give us the priority vector for each criterion. The priority vector represents the relative importance of each criterion.
Step 4: Normalize the priority vector. To do this, we divide each element in the priority vector by the sum of all elements. This will ensure that the values in the priority vector add up to 1.
Step 5: Interpret the results. The normalized priority vector represents the relative importance of each criterion. The higher the value, the more important the criterion is in relation to the others.
By following these steps, we can calculate the priority vector for the criterion - Experience.
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CREATE A PRIORITISATION MATRIX
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