Deck 14: Decision Making Considering Multiattributes

Question 1

A leading fashion magazine is planning for its first swimsuit cover of this year. Three swimsuit models are nominated in the meeting. The editor has developed the matrix of outcomes for each model and their attributes in the table below. Demonstrate what the editor can conclude using each of the dominance, satisficing, disjunctive resolution, lexicography, and additive weighting methods.

Answer 1

Model B should be selected based on the dominance, satisficing, disjunctive resolution, lexicography, and additive weighting methods.

Question 2

A couple, both recently graduated engineers, are deciding on some details for their honeymoon. They have looked at a "honeymoon suite review" for their hotel of interest on the internet and have developed a matrix of outcomes that is presented in the table below. They decide to use the satisficing, nondimensional scaling, and additive weighting methods to help make their decision. Assume the nondimensional values given to the ratings were excellent = 1.0, good = 0.8, fair = 0.5, and poor = 0.1. What can they conclude?

Answer 2

Alternative III should be selected based on the satisficing, nondimensional scaling, and additive weighting methods.

Question 3

Upon her graduation, Britney wants to buy her first car. Given the matrix of outcomes and rank of importance in the table below for alternatives and attributes, use the satisficing, dominance, disjunctive resolution, and lexicography methods to counsel Britney on her choice.

Answer 3

Satisficing: Only Model III is acceptable.
Dominance: Model III is selected.
Disjunctive resolution: All models are acceptable.
Lexicography: Model III is selected based on highest ranked attribute (Price).

Question 4

David recently accepted a job in Florida and wants to buy a new condominium. The matrix of possible outcomes is given in the table below. What can David conclude using nondimensional scaling and additive weighting?
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Question 5

Given the matrix of outcomes in the table below for alternatives and attributes, what conclusions can be drawn using the satisficing and dominance methods?