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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|
|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.|
|ISSN:||0975-1084 (Online); 0022-4456 (Print)|
|Appears in Collections:||JSIR Vol.63(11) [November 2004]|
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