What is the value of a structured approach to decision making

The Analytic Hierarchy Process (AHP) is a structured technique for organizing and analyzing decisions, based on mathematics and psychology; it was developed by Thomas L. Saaty in the 1970s. It is particularly useful for group decision making. The AHP helps decision makers find one that best suits their goal and their understanding of the problem. It provides a comprehensive and rational framework for structuring a decision problem, for representing and quantifying its elements, for relating those elements to overall goals, and for evaluating alternative solutions. The tool helps to decompose a decision. Written Assignment (Individual) Discuss the value of a structured analytical approach to decision making. Site the use of AHP as an example. Each of the three (3) following questions is to be answered: 1.What is the value of a structured approach to decision making 2.Describe the AHP approach to an analytical decision 3. Identify at least one other tool associated with analytical decision making and compare/contrast it to the AHP methodology In this assignment, you will articulate a critical understanding on the use of this tool (AHP) and how it may be used to collaborate as a team in making decisions and prioritizing initiatives. This written assignment will require you to refer to the AHP resources documentation and video discussion, to refer to the AHP work sheets in the ‘Resources’ section of the course home-page, to the course readings, and through your own independent research on AHP and like models.