Engineering Economy, Student Value Edition (17th Edition)
17th Edition
ISBN: 9780134838137
Author: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher: PEARSON
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Chapter 14, Problem 14P
The additive weighting model is a decision tool that aggregates information from different independent criteria to arrive at an overall score for each course of action being evaluated. The alternative with the highest score is preferred.
The general form of the model is
where
Vj = the score of the jth alternative;
ωi = the weight assigned to the ith decision attribute (1 ≤ i ≤ n);
xij = the rating assigned to the ith attribute, which reflects the performance of alternative j relative to maximum attainment of the attribute.
Consider Table P14-14 (p. 597) in view of these definitions and determine the value of each “?” shown. (14.7)
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Engineering Economy, Student Value Edition (17th Edition)
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