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What technique uses a grid to compare different decision options based on various criteria? Select your answer. Cost-Benefit Analysis Brainstorming Weighted Criteria Matrix Anchoring and Adjustment

Question

What technique uses a grid to compare different decision options based on various criteria? Select your answer. Cost-Benefit Analysis Brainstorming Weighted Criteria Matrix Anchoring and Adjustment

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Solution

The technique that uses a grid to compare different decision options based on various criteria is the Weighted Criteria Matrix.

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The video entitled ‘Multi-criteria Decision Analysis in 5 minutes’ argues that:First step is to Identify optionsMCDA allows us to come up with an objective score without need for further evaluation.Decision criteria and sub-criteria are identified as the second step.The results should be graphed so that the pattern of results can be explored.Weighted criteria must add up to 1This process helps us explore our values.MCDA helps us identify options and then systematically evaluate them based upon a set of decision criteria.Group of answer choicesAnswers B, C, D, E and G are correct.All answers are correct.Answers A, C, D, E, F and G are correct.Answers A, B, C, D and G are correct. PreviousNext

Decision criteria are used to evaluate and compare different decision strategies or paths through the tree. 1 pointTrueFalse

Which decision-making model involves weighing the pros and cons of each option?Question 25Answera.Group consensusb.Trial and errorc.Random selectiond.Cost-benefit analysis

what decision making tools/ techniques would include decision trees and cost benefits analysis. Decision making methods would include command, consultation, vote, consensus.

In decision analysis, decision-makers must specify the criteria or metrics used to evaluate and compare different alternatives.1 pointTrueFalse

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