A MULTI-STAKEHOLDER INDUSTRIAL PROJECTS SELECTION: AN ANALYTIC HIERARCHY PROCESS AND ZERO-ONE-GOAL PROGRAMMING APPROACH

Abstract

This study uses Analytic Hierarchy Process (AHP) and Zero-One Goal Programming (ZOGP) to select the most favorable industrial projects from the viewpoints of three stakeholders, namely, govern mental, consultants and academics. Therefore, it is the purpose of this paper to help reach a consensus among the stakeholders for selecting certain projects using weights obtained by AHP as inputs to (ZOGP) model. This is first done by identifying the projects from each individual stakeholder's viewpoint. Further, an aggregate model that simultaneously combines the viewpoints of the three stakeholders is built assuming that the three stakeholders have equal weights. Results show that the aggregate model does strike a balance not only among the conflicting criteria, but more importantly, it strikes a balance among the different stakeholders. Therefore, the aggregate model would make it easier for stakeholders to reach a consensus

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