Risk—Its Priority and Probability: The Analytic Hierarchy Process |
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Authors: | Thomas L Saaty |
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Institution: | University of Pittsburgh, Pittsburgh, PA 15260. |
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Abstract: | 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. |
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Keywords: | Risk Uncertainty Decision Making Hierarchies Low Probability Events |
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