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ASTM E1765 - 16(2023)

Standard Practice for Applying Analytical Hierarchy Process (AHP) to Multiattribute Decision Analysis of Investments Related to Projects, Products, and Processes

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Edition date: 2023-05-01
In Force
Available languages: English
Summary:

Keywords: analytical hierarchy process; building economics; decision analysis; economic evaluation methods; engineering economics; hierarchical methods; investment analysis; multiattribute decision analysis; multiple criteria decision analysis; multiple objective decision analysis; operations research methods; sustainability;
Scope:

1.1 This practice presents a procedure for calculating and interpreting AHP scores of a project’s/product’s/process’ total overall desirability when making capital investment decisions.3 Projects include design, construction, operation, and disposal of commercial and residential buildings and other engineered structures.4 Products include materials, components, systems, and equipment.5 Processes include procurement, materials management, work flow, fabrication and assembly, quality control, and services.

1.2 In addition to monetary benefits and costs, the procedure allows for the consideration of characteristics or attributes which decision makers regard as important, but which are not readily expressed in monetary terms. Examples of such attributes that pertain to the selection among project/product/process alternatives are: a construction projects’s building alternatives whose nonmonetary attributes are location/accessibility, site security, maintainability, quality of the sound and visual environment, and image to the public and occupants; building products based on their economic and environmental performance; and sustainability-related issues for key construction processes that address environmental needs, while considering project safety, cost, and schedule.

1.3 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety, health, and environmental practices and determine the applicability of regulatory limitations prior to use.

1.4 This international standard was developed in accordance with internationally recognized principles on standardization established in the Decision on Principles for the Development of International Standards, Guides and Recommendations issued by the World Trade Organization Technical Barriers to Trade (TBT) Committee.
ICS: 03.100.50-Production. Production management, 91.010.99-Other aspects
CTN: E06.81 - E06.81

Standards Cancellations

Anula a E1765-16E01

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