Premium
Risk—Its Priority and Probability: The Analytic Hierarchy Process
Author(s) -
Saaty Thomas L.
Publication year - 1987
Publication title -
risk analysis
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.972
H-Index - 130
eISSN - 1539-6924
pISSN - 0272-4332
DOI - 10.1111/j.1539-6924.1987.tb00980.x
Subject(s) - analytic hierarchy process , hierarchy , process (computing) , risk analysis (engineering) , risk assessment , estimation , computer science , nuclear power , operations research , engineering , economics , business , systems engineering , computer security , ecology , market economy , biology , operating system
Risk estimation involves priorities and probabilities which are themselves a form of priority of natural alternatives. This paper provides illustrations of how one can deal with risk and uncertainty using the Analytic Hierarchy Process, a new approach to measurement by ratio scales. The paper also includes a discussion of how to deal with risk strategies involving interdependence. Particular emphasis is made on the siting of nuclear power plants.