Solve the Following Decision Problem Using the Analytical Hierarchy Process $\$ 50,000$

Essay

Solve the following decision problem using the Analytical Hierarchy Process. Joe Greyhair is planning his relocation after retirement. He is currently working in Toledo, Ohio, which is one of the contending retirement cities. The other two competing locations are New Greyland, Mexico-a special region created by Mexican Government to attract American retirees-and Madras (now known as Chennai), India, where Joe has spent sometime before. There are three important criteria for Joe: cost of living on an annualized basis, availability of medical care, and overall quality of life. Cost of living is $\$ 50,000$ in Toledo, $30,000 in New Greyland, and $20,000 in Madras. For availability of medical care, the cities rank (from best to worst): Toledo, New Greyland, and Madras. For the overall quality of life, they rank (from best to worst): Madras, followed by New Greyland, and, a close third, Toledo. Preference scale for pairwise comparisons is given in the Table 1.