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In: Statistics and Probability

Problem 14-15 (Algorithmic) Use the pairwise comparison matrix for the price criterion as shown in Table...

  1. Problem 14-15 (Algorithmic)

    Use the pairwise comparison matrix for the price criterion as shown in Table 14.8 to verify that the priorities after synthesization for price are 0.110, 0.309, and 0.581. Compute the consistency ratio and comment on its acceptability. Round your answers to three decimal places.

    Price Accord Saturn Cavalier
    Accord 1
    Saturn 3 1
    Cavalier 5 2 1

    λmax =

    Consistency Index =

    Consistency Ratio =

    Since the consistency ratio is   than , the degree of consistency in the pairwise comparison matrix for price   acceptable.

Solutions

Expert Solution

ANSWER::

λmax = 3.003695

Consistency Index = 0.001847

Consistency Ratio = 0.003522

Since the consistency ratio is less than 0.10, the degree of consistency in the pairwise comparision matrix for price is acceptable.

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orchestra answered 1 year ago
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