Abstract
Multicriteria decision analysis and scenario planning are complementary
tools for supporting large‐scale, strategic decision making, but there
has been limited interaction between the fields. This paper describes
how scenario planning can be integrated with the analytic hierarchy
process (AHP), one of the most popular approaches in decision analysis
and one that is arguably more accessible for new users. Scenario
planners looking for an avenue into multi‐criteria decision analysis may
find the AHP a useful introduction, and AHP practitioners may find in
scenario planning a tool with which to address problems with large,
structural or “deep” uncertainties. A common understanding of scenarios
as plausible futures, rather than states of nature, is emphasized, as is
how scenarios can be viewed as a kind of “meta‐attribute” over which
possible courses of action can be compared. A simulation experiment
assesses the potential effects of ignoring scenario‐specific
information, as well as of different ways of constructing scenarios.
Original language | English |
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Article number | e16 |
Number of pages | 12 |
Journal | Futures & Foresight Science |
Volume | Early View |
Early online date | 2 Apr 2019 |
DOIs | |
Publication status | E-pub ahead of print - 2 Apr 2019 |
Keywords
- Analytic hierarchy process
- Decision analysis
- Multicriteria games
- Scenario Planning