Open AccessHierarchical Representation of Decision-Making in Chartering a Vessel on a Voyage Charter
Author(s) -
Е. В. Киселева,
В Е Степанец,
A G Pilyugin,
Simona Válková
Publication year - 2022
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/988/2/022041
Subject(s) - analytic hierarchy process , charter , representation (politics) , preference , hierarchy , computer science , operations research , simple (philosophy) , process (computing) , range (aeronautics) , management science , artificial intelligence , mathematics , engineering , political science , law , statistics , epistemology , philosophy , politics , aerospace engineering , operating system
This paper presents a decision-making method (analytic hierarchy process) for choosing a charter option by means of a subjective preference vector. Analytic hierarchy process (AHP) is a rather general methodology for solving a broad range of weakly structured decision-making problems that combines a fairly simple mathematical method with the manager’s knowledge, experience, and imagination. This paper investigates AHP application by a manager who is not an expert in chartering. To describe the method, the paper presents a case study of chartering a vessel to freight bulky, heavy cargo.