This paper is an analysis of Brexit, and asked the question, â€œShould the UK have Brexited the European Union?â€ We use the Analytic Hierarchy Process (AHP) to model the decision based on Benefit-Opportunities-Costs and Risks (BOCR). The AHPÂ structure considers various factors that may be taken into consideration from the perspective of the UK (Saaty, 1980). Questionnaires were used to obtain pairwise comparison judgments from experts and used to derive priorities for the factors and final decision to Brexit. The BOCR model results are combined in two ways. Both results show that the UK should remain a member of the EU. The referendum used showed the opposite result. The approach followed here can be used to educate people when voting on similar decisions.
Brexit, AHP, decision-making, Benefits, Opportunities, Cost, Risks, Decision Analysis, European Union, Eurozone
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