Decision Sciences
8 years ago

Revolutionize Risk Management with Easy-to-Use AHP Prioritization Tool!

Formative evaluation of analytic hierarchy process as a risk prioritisation tool for risk management
Rabihah Md. Sum

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The article explores how Analytic Hierarchy Process (AHP) can help prioritize risks in risk management. AHP is found to be easy to use and understand, improving risk assessment by providing a systematic process and facilitating discussions. It is especially useful for problems with intangible elements or subjective judgments. However, the repetitive nature of pairwise comparisons in AHP can lead to decision fatigue, causing risk managers to skip questions or answer randomly.