ASTM E 1765 Standard Practice for Applying Analytical Hierarchy Process (AHP) to Multiattribute Decision Analysis of Investments Related to Buildings and Building Systems

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ASTM E 1765 Document Information:

Title
Standard Practice for Applying Analytical Hierarchy Process (AHP) to Multiattribute Decision Analysis of Investments Related to Buildings and Building Systems

ASTM International

Publication Date:
Apr 1, 2007

Scope:

This practice presents a procedure for calculating and interpreting AHP scores of a project's total overall desirability when making building-related capital investment decisions.³

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 of a building alternative (and its surroundings) are location/accessibility, site security, maintainability, quality of the sound and visual environment, and image to the public and occupants.

³ This practice presents a stand-alone procedure for performing an AHP analysis. In addition, an ASTM software product for performing AHP analyses has been developed to support and facilitate use of this practice. User's Guide to AHP/Expert Choice for ASTM Building Evaluation, MNL 29, ASTM, 1998.

Keywords:

analytical hierarchy process

building economics

decision analysis

economic evaluation methods

engineering economics

hierarchical methods

investment analysis

multi-attribute decision analysis

multiple criteria decision analysis

multiple objective decision analysis

operations research methods

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