Analytic Network Process

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The term analytic network process or analytical network process (ANP) describes a technique for solving multi- criteria decision problems under security and for carrying out forecasts . Situations in which the ANP can be used are e.g. B. Choosing a car to buy or forecasting market shares by companies.

General description of the ANP

The ANP was developed by the mathematician Thomas L. Saaty and represents a further development of the Analytic Hierarchy Process (AHP). In contrast to the AHP, in which the criteria are arranged hierarchically, the ANP enables the creation of decision networks .

Alternative techniques for solving multi-criteria decision problems

• Utility analysis
• Analytic Hierarchy Process (AHP)
• TOPSIS (Technique for Order Preference by Similarity to Ideal Solution)