Question 1

In multifactor decision making, individuals quantitatively and objectively consider the various factors in making their decisions.

Accepted Answer

Multifactor decision making often involves subjective judgment and qualitative assessments, not just quantitative and objective considerations.

Question 2

The consistency ratio (CR)is an indicator of the equality of factors.

Accepted Answer

The consistency ratio (CR) is not an indicator of the equality of factors. It is a measure of how consistent the pairwise comparisons made by the decision maker are. A low value of CR indicates a high level of consistency, while a high value of CR indicates inconsistencies in the pairwise comparisons.

Question 3

In AHP, the factor weights and evaluations are computed from a number of pairwise comparison matrices.

Accepted Answer

AHP involves creating and comparing pairwise comparison matrices to determine factor weights and evaluations.

Question 4

λ is the average of the consistency ratios.

Accepted Answer

λ (lambda) typically represents the largest eigenvalue in the context of calculating consistency ratios, especially in methods like the Analytic Hierarchy Process (AHP), not the average of consistency ratios.

Question 5

Given the following key factors and their importance weights, determine a total weighted evaluation for A3. 
A)0.69
B)0.74
C)0.59
D)0.50

Accepted Answer

The answer of Given the following key factors and their...

Question 6

CI = (λ - n )/ ( n - 1 )

Accepted Answer

The given formula is the correct formula for calculating the confidence interval (CI) for a population mean.

Question 7

Given three alternatives and their total weighted evaluation, which action should be selected? 
A)Alternative A
B)Alternative B
C)Alternative C
D)Alternative A or Alternative C

Accepted Answer

The answer of Given three alternatives and their total weighted...

Question 8

A decision-making technique in which individuals subjectively and intuitively consider the various factors in making their selection is known as
A)multifactor decision making.
B)the multifactor evaluation process.
C)the analytic hierarchy process.
D)pairwise comparison analysis.

Accepted Answer

Multifactor decision making involves individuals subjectively and intuitively weighing various factors to make a decision, without necessarily using a structured analytical process.

Question 9

When using the multifactor evaluation process, it is helpful if the importance weights for factors sum to 1.0.

Accepted Answer

It is helpful for importance weights to sum to 1.0 in order to ensure a comprehensive and consistent evaluation of different factors.

Question 10

If you can determine with confidence and accuracy the factor weights and factor evaluations, AHP is preferred over MFEP.

Accepted Answer

AHP (Analytic Hierarchy Process) and MFEP (Multi-Factor Evaluation Process) are both multi-criteria decision-making tools, and the preference for one over the other does not solely depend on the ability to determine factor weights and evaluations with confidence and accuracy. The choice between AHP and MFEP depends on the specific context of the decision problem, the complexity of the criteria involved, and the preferences of the decision-makers regarding methodological approaches.

Question 11

The AHP is typically preferred over the MFEP since it requires fewer calculations.

Accepted Answer

This statement is false. The AHP and MFEP are two different decision-making methods, and the choice between them depends on the complexity of the decision problem, the availability of data, and the preferences of the decision-maker. While the AHP is relatively simple to apply and interpret, it does require pairwise comparisons of all criteria and alternatives, which can be time-consuming and subjective. The MFEP, on the other hand, is more mathematically rigorous and can handle more complex decision problems, but it requires more computation and assumptions about the decision-maker's preferences. Therefore, neither method can be universally preferred over the other.

Question 12

In AHP, if the consistency ratio demonstrates that the original pairwise comparisons are inconsistent, then the AHP evaluation should be abandoned in favor of the MFEP.

Accepted Answer

If the consistency ratio shows inconsistency in the original pairwise comparisons, the decision-maker should review and revise their judgments until consistency is achieved. Only if consistency cannot be achieved should the MFEP be considered as an alternative.

Question 13

Table M1-1
Jason Rule has developed the following table to represent his research into the decision as to which college he would like to attend after graduation:
 
-Based on his weights and ratings of colleges, which college should he attend?
A)MSU
B)UM
C)UNH
D)PC

Accepted Answer

The answer of Table M1-1
Jason Rule has developed the following...

Question 14

In MFEP, the factor weights are summed and then multiplied by the total factor evaluation.

Accepted Answer

In MFEP (Multi-Factor Evaluation Process), factor weights are multiplied by their respective factor evaluations for each criterion, and then these products are summed to get a total score for each option, not the other way around.

Question 15

Decision situations where we have difficulty in accurately determining various weighting factors are excellent candidates for the Analytic Hierarchy Process analysis.

Accepted Answer

The Analytic Hierarchy Process is a decision-making tool that is used when there are multiple factors that need to be considered and weighted in order to make a decision. In situations where it is difficult to accurately determine these weighting factors, the Analytic Hierarchy Process can be particularly useful. So, the statement is true.

Question 16

Mary states that the two factors critical to her having a successful vacation are golf course availability and good weather.If Mary insists that golf course availability is three times as important as the weather, what importance weights should be placed on golf course availability and good weather to be used for a multifactor evaluation process?
A)Golf Weight Weather Weight 0.80 0.20
B)Golf Weight Weather Weight 0.20 0.80
C)Golf Weight Weather Weight 0.75 0.25
D)Golf Weight Weather Weight 0.25 0.75

Accepted Answer

If Mary insists that golf course availability is three times as important as the weather, we can assign a weight of 0.75 to golf course availability and a weight of 0.25 to good weather, since 0.75 is three times as much as 0.25. Therefore, the correct choice is C.

Question 17

In the multifactor evaluation process, we always select the alternative that has the highest total weighted evaluation.

Accepted Answer

In the multifactor evaluation process, we select the alternative that has the highest total weighted evaluation score, which is calculated by assigning weights to each evaluation factor and then multiplying the scores for each factor by its weight. The alternative with the highest total weighted evaluation score is considered the best choice.

Question 18

Table M1-1
Jason Rule has developed the following table to represent his research into the decision as to which college he would like to attend after graduation:
 
-Based on Table M1-1, what should be Jason's second choice?
A)MSU
B)BC
C)PC
D)UNH

Accepted Answer

The answer of Table M1-1
Jason Rule has developed the following...

Question 19

An equivalent name for the Multifactor Evaluation Process (MFEP)is the Analytic Hierarchy Process (AHP).

Accepted Answer

The Multifactor Evaluation Process (MFEP) and the Analytic Hierarchy Process (AHP) are distinct methods used for decision-making and evaluation, with AHP being a specific technique that involves structuring multiple criteria into a hierarchy.

Question 20

AHP gives the factor weights and factor evaluations from which the final decision can be made.

Accepted Answer

AHP involves a pairwise comparison process that results in factor weights and factor evaluations, which are used to make the final decision.

Quiz 16: Analytic Hierarchy Process