Abstract
This paper presents a decision-making method (analytic hierarchy process) for choosing a charter option by means of a subjective preference vector. Analytic hierarchy process (AHP) is a rather general methodology for solving a broad range of weakly structured decision-making problems that combines a fairly simple mathematical method with the manager’s knowledge, experience, and imagination. This paper investigates AHP application by a manager who is not an expert in chartering. To describe the method, the paper presents a case study of chartering a vessel to freight bulky, heavy cargo.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: IOP Conference Series: Earth and Environmental Science
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
