Smart City 360°. The second EAI International Summit, Smart City 360°, Bratislava, Slovakia, November 22-24, 2016. Revised Selected Papers

Research Article

Utilization of Exact Methods within Decision-making Process in Innovation Management - Application of AHP Method

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  • @INPROCEEDINGS{10.4108/eai.14-2-2017.152192,
        author={Richard Jurenka and Dagmar Caganova and Daniela Spirkova},
        title={Utilization of Exact Methods within Decision-making  Process in Innovation Management - Application of AHP Method},
        proceedings={Smart City 360°. The second EAI International Summit, Smart City 360°, Bratislava, Slovakia, November 22-24, 2016. Revised Selected Papers},
        publisher={EAI},
        proceedings_a={SMARTCITY360},
        year={2017},
        month={2},
        keywords={analytical hierarchy process Expert Choice innovation innovation management decision-making},
        doi={10.4108/eai.14-2-2017.152192}
    }
    
  • Richard Jurenka
    Dagmar Caganova
    Daniela Spirkova
    Year: 2017
    Utilization of Exact Methods within Decision-making Process in Innovation Management - Application of AHP Method
    SMARTCITY360
    EAI
    DOI: 10.4108/eai.14-2-2017.152192
Richard Jurenka1,*, Dagmar Caganova, Daniela Spirkova
  • 1: Slovak University of Technology in Bratislava, Faculty of Materials Science and Technology in Trnava, Institute of Industrial Engineering and Management
*Contact email: richard.jurenka@stuba.sk

Abstract

The paper deals with the application of method - analytical hierarchy process in action of decision-making in the field of innovation management of industrial companies. Analytical hierarchy process is a tool for application of exact methods in process of decision-making. The paper contains theoretical description of analytical hierarchy process and subsequently also application of this method in the field of innovation management. Method of analytical hierarchy process brings into action of decision-making objectivity, exactness and also the quality of the evaluation. Perhaps the biggest advantage of this method is that this method allows to evaluate comprehensively all the criteria of alternative solutions. This paper aims to highlight the widespread use of method - analytical hierarchy process in the decision-making process, including in the field of innovation management.