Author:
Bartolj Tjaša,Murovec Nika
Abstract
This chapter investigates diverse weighting methods for assessing the transformative knowledge potential of regions, employing expert insights to contrast the Analytic Hierarchy Process (AHP) with the budget allocation approach (BA) and factor analysis (FA). A pivotal aspect of this study is the examination of expert responses under both the BA and AHP methodologies, shedding light on the adaptability and analytical depth of AHP. Through systematic inquiry, the chapter delineates the strengths and limitations of each method, offering nuanced insights into how varying weighting techniques shape the formulation and interpretation of composite indices. The comparative analysis underscores the versatility of AHP in navigating complex decision-making contexts and provides valuable guidance for policymakers and researchers engaged in optimizing indicator-based evaluations.