Paired Comparison prioritises options by comparing them in pairs, simplifying complex decisions. By systematically assessing preferences, it offers clarity and structure, aiding objective decision-making. While valuable, managing time and complexity is crucial for its effectiveness.
Methodology:
- List the options,
- Prepare the comparison matrix,
- Conduct paired comparison,
- Calculate the scores,
- Rank the options,
- Analyse the results,
- Document and communicate findings,
- Review and adjust.
Benefits:
- Simplifies complex decisions,
- Enhances objectivity and consistency,
- Facilitates group decision-making.
Limitations:
- Time-consuming with large sets of options,
- Potential for inconsistency in comparisons,
- Difficulty in capturing complex interdependencies.