Abstract
In this paper, the authors describe their experiences with a real world case study that involved a buy versus lease decision for a government agency. The study was divided into two major parts: (1) the financial implications of buy versus lease; and (2) a multicriteria decision making (MCDM) model that explored the impact of both the tangible and intangible factors in a buy versus lease decision. The selected MCDM approach was the analytic hierarchy process (AHP). The study concluded that the lease option can be beneficial to both parties if the subjective criteria are considered. >
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