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We're deciding between four alternatives, A, B, C, D. The four most important, criteria are C1,C2,C3 and C4. (i.e. price, time, ease of production, man-hours) Our baseline is the system we have in place at the moment. If an Alternative is better we give it a +1, if it's the same we give it a 0, and if it's worse we give it a -1. We have found that in In comparison with Baseline:   Draw a Decision Matrix and indicate which Alternative is the best

We're deciding between four alternatives, A, B, C, D. The four most important, criteria are C1,C2,C3 and C4. (i.e. price, time, ease of production, man-hours) Our baseline is the system we have in place at the moment. If an Alternative is better we give it a +1, if it's the same we give it a 0, and if it's worse we give it a -1. We have found that in In comparison with Baseline:   Draw a Decision Matrix and indicate which Alternative is the best

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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We're deciding between four alternatives, A, B, C, D. The four most important,

criteria are C1,C2,C3 and C4. (i.e. price, time, ease of production, man-hours)

Our baseline is the system we have in place at the moment.

If an Alternative is better we give it a +1, if it's the same we give it a 0, and if

it's worse we give it a -1. We have found that in In comparison with Baseline:

 

Draw a Decision Matrix and indicate which Alternative is the best .

Criteria C2 Alternatives C3 C4 C1 better A same better worse В worse worse better same C same same better same D better better better same The weights being used are Criteria Weight C1 C2 C3 C4 2 4 3 5
Transcribed Image Text:Criteria C2 Alternatives C3 C4 C1 better A same better worse В worse worse better same C same same better same D better better better same The weights being used are Criteria Weight C1 C2 C3 C4 2 4 3 5
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