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Title: AHP-based formal system for R&D project evaluation
Authors: Kumar, S Suresh
Keywords: R&D project evaluation;Priority setting;Judgemental models;Analytic hierarchic process;Peer rating
Issue Date: Nov-2004
Publisher: CSIR
Abstract: The paper dwells on a judgement model for R&D project evaluation using multifactor criteria based on hierarchic considerations. The idea is to employ formal tools in quantification of subjective evaluations where expert judgement is involved. Comparative evaluations on a priority scale are converted to quantities using the eigen vector concept. This is also the essence of the Analytic Hierarchic Process (AHP) of Satty [Satty T L, The analytic hierarchic process (Mc Graw Hill, New York) 1980] which as a technique is employed for R&D project evaluation. It is argued that AHP is more effective than scoring charts and utility models in priority setting based on judgemental evaluation through peer rating.
Page(s): 888-896
ISSN: 0975-1084 (Online); 0022-4456 (Print)
Appears in Collections:JSIR Vol.63(11) [November 2004]

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