State-of-the-Art Review on the Analytic Hierarchy Process with Benefits, Opportunities, Costs, and Risks

The benefits, opportunities, costs, and risks (BOCR) model is a multiple-criteria decision-making (MCDM) model used to elicit a mutually exclusive and collectively exhaustive set of criteria. As an acronym proposed in the theory of the analytic hierarchy process (AHP), the BOCR model has received at...

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Bibliographic Details
Published in:Journal of risk and financial management 2023-08, Vol.16 (8), p.372
Main Authors: Petrillo, Antonella, Salomon, Valerio, Tramarico, Claudemir
Format: Article
Language:English
Subjects:
Costs
Decision making
Economic aspects
Eigenvectors
Hierarchies
Methods
Software
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Summary:The benefits, opportunities, costs, and risks (BOCR) model is a multiple-criteria decision-making (MCDM) model used to elicit a mutually exclusive and collectively exhaustive set of criteria. As an acronym proposed in the theory of the analytic hierarchy process (AHP), the BOCR model has received attention from users of this MCDM method. A state-of-the-art review, an approach to a literature review that is more comprehensive than a rapid review but not as exhaustive as a systematic literature review, was performed with the Scopus database. The overwhelming majority of documents found on BOCR were practical applications, but they were from diverse areas, including business, computer science, and engineering. It is proposed that two main kinds of contributions for future research on BOCR should be methodological and practical.
ISSN:1911-8074
1911-8066
1911-8074
DOI:10.3390/jrfm16080372