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    Dealing With Multiattributed Decisions

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    John Joshua Montañez
    This chapter discusses multi-attribute decision making, which involves both monetary and non-monetary considerations. It presents examples of multi-attribute decisions people face, such as selecting a first job or CAD workstation. The chapter outlines factors to consider when choosing attributes, such as ensuring each attribute distinguishes alternatives and captures a unique aspect of the decision. It also discusses compensatory and non-compensatory models for evaluating alternatives based on attributes. Non-compensatory models like dominance, satisficing, and lexicography do not allow trade-offs between attributes, while compensatory models convert attributes to a common scale to facilitate comparisons. The chapter provides a detailed example of selecting a dentist to illustrate various multi-attribute decision making techniques

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    Dealing With Multiattributed Decisions

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    John Joshua Montañez
    17 views22 pages
    This chapter discusses multi-attribute decision making, which involves both monetary and non-monetary considerations. It presents examples of multi-attribute decisions people face, such as selecting a first job or CAD workstation. The chapter outlines factors to consider when choosing attributes, such as ensuring each attribute distinguishes alternatives and captures a unique aspect of the decision. It also discusses compensatory and non-compensatory models for evaluating alternatives based on attributes. Non-compensatory models like dominance, satisficing, and lexicography do not allow trade-offs between attributes, while compensatory models convert attributes to a common scale to facilitate comparisons. The chapter provides a detailed example of selecting a dentist to illustrate various multi-attribute decision making techniques

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    This chapter discusses multi-attribute decision making, which involves both monetary and non-monetary considerations. It presents examples of multi-attribute decisions people face, such as selecting a first job or CAD workstation. The chapter outlines factors to consider when choosing attributes, such as ensuring each attribute distinguishes alternatives and captures a unique aspect of the decision. It also discusses compensatory and non-compensatory models for evaluating alternatives based on attributes. Non-compensatory models like dominance, satisficing, and lexicography do not allow trade-offs between attributes, while compensatory models convert attributes to a common scale to facilitate comparisons. The chapter provides a detailed example of selecting a dentist to illustrate various multi-attribute decision making techniques

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    17 views22 pages

    Dealing With Multiattributed Decisions

    Uploaded by

    John Joshua Montañez
    This chapter discusses multi-attribute decision making, which involves both monetary and non-monetary considerations. It presents examples of multi-attribute decisions people face, such as selecting a first job or CAD workstation. The chapter outlines factors to consider when choosing attributes, such as ensuring each attribute distinguishes alternatives and captures a unique aspect of the decision. It also discusses compensatory and non-compensatory models for evaluating alternatives based on attributes. Non-compensatory models like dominance, satisficing, and lexicography do not allow trade-offs between attributes, while compensatory models convert attributes to a common scale to facilitate comparisons. The chapter provides a detailed example of selecting a dentist to illustrate various multi-attribute decision making techniques

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 22

    CHAPTER 15

    DEALING WITH
    MULTIATTRIBUTED DECISIONS
    MULTIATTRIBUTED DESCIONS
    Decision making includes both monetary
    and nonmonetary considerations
    (attributes).

    Value (as conceived by Aristotle in


    350 B.C.) includes: (1) economic
    (2) moral (3) aesthetic (4) social (5) political
    (6) religious (7) judicial.
    EXAMPLES OF
    MULTIATTRIBUTED DECISIONS
    Selection of 1st permanent professional job
    by an engineering graduate
    (insert Table 15-1)
    EXAMPLES OF
    MULTIATTRIBUTED DECISIONS
    Selection of a CAD workstation
    (insert Table 15-2)
    CHOICE OF ATTRIBUTES
    Each attribute distinguishes at least two alternatives

    Each attribute captures a unique dimension or facet of the


    decision problem (i.e., attributes are independent and
    nonredundant

    Attributes, in a collective sense, are assumed to be


    sufficient for the purpose of selecting the best alternative

    Differences in values assigned to each attribute are


    presumed to be meaningful in distinguishing among
    feasible alternatives
    DIMENSIONALITY OF THE PROBLEM

    Compensatory models collapses all


    information into a single dimension
    changes in the values of a particular
    attribute can be offset, or traded off
    against, opposing changes in another
    attribute
    Noncompensatory models retain the
    individuality of the attributes as the best
    alternative is being determined full
    dimensional analysis trade-offs among
    attributes are not permitted
    NONCOMPENSATORY MODELS

    Dominance
    Satisficing
    Disjunctive Resolution
    Lexicography
    NONCOMPENSATORY MODELS
    Dominance screening method for eliminating inferior
    alternatives

    Satisficing method of feasible ranges establishes


    minimum or maximum acceptable values (the
    standard) for each attribute

    Disjunctive Resolution similar to satisficing, except


    this method evaluates each alternative on the best
    value achieved for any attribute

    Lexicography especially suitable for decisions in


    which a single attribute is judged more important than
    all other attributes
    NONCOMPENSATORY MODELS -
    Example

    Selection of a dentist
    (insert Table 15-3)
    NONCOMPENSATORY MODELS
    Dentist Example

    Dominance
    (insert Table 15-4)
    NONCOMPENSATORY MODELS
    Dentist Example

    Satisficing
    (insert Table 15-5)
    NONCOMPENSATORY MODELS
    Dentist Example

    Ordinal Ranking of Attributes


    (insert Table 15-6)
    NONCOMPENSATORY MODELS
    Dentist Example

    Lexicography
    (insert Table 15-7)
    COMPENSATORY MODELS

    Basic principle behind all compensatory


    models, which involve a single
    dimension, is that values for all
    attributes must be converted to a
    common measurement scale such as
    dollars or utiles.

    A utile is a dimensionless unit of worth.


    COMPENSATORY MODELS
    Dentist Example
    Nondimensional Scaling
    (insert Table 15-8)
    COMPENSATORY MODELS
    Dentist Example
    Nondimensional Data
    (insert Table 15-9)
    COMPENSATORY MODELS
    Dentist Example
    Hurwicz Procedure
    (insert Table 15-10)
    COMPENSATORY MODELS
    Dentist Example
    Hurwicz Procedure
    (insert Table 15-11)
    COMPENSATORY MODELS
    Dentist Example
    Additive Weighting Technique
    (insert Table 15-1)
    COMPENSATORY MODELS
    Worth of Material
    Additive Weighting Technique
    (insert Table 15-13)
    COMPENSATORY MODELS
    Worth of Material
    Additive Weighting Technique
    (insert Tables 15-14 and 15-15)
    SUMMARY
    Insert section 15.8

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