Decision Matrix

Decision Matrix

A decision matrix is used to describe a Multi-Criteria Decision Analysis (MCDA) problem. If in an MCDA problem, there are M alternative options and each need to be assessed on N criteria, then the decision matrix for the problem has M rows and N columns, or M × N elements, as shown in the following table. Each element, such as Xij, is either a single numerical value or a single grade, representing the performance of Alternative i on Criterion j. For example, if Alternative i is "Car i", Criterion j is "Engine Quality" assessed by five grades {Excellent, Good, Average, Below Average, Poor}, and "Car i" is assessed to be "Good" on "Engine Quality", then Xij = "Good".

ee also

* Belief decision matrix
* Decision-matrix method

Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Matrix - получить на Академике рабочий купон на скидку Строительный Двор или выгодно matrix купить с бесплатной доставкой на распродаже в Строительный Двор

  • decision matrix — UK US noun [C] ► GRAPHS & CHARTS an arrangement of data in rows and columns, used to help someone make a decision by comparing different possibilities according to particular standards: » The decision matrix will allow a team to analyze the pros… …   Financial and business terms

  • Decision matrix — A decision matrix is a list of values in rows and columns that allows an ologist to systematically identify, analyze, and rate the performance of relationships between sets of values and information. Elements of a decision matrix show decisions… …   Wikipedia

  • Decision-matrix method — Invented by Stuart Pugh the decision matrix method, also Pugh method, Pugh Concept Selection is a quantitative technique used to rank the multi dimensional options of an option set. It is frequently used in engineering for making design decisions …   Wikipedia

  • Belief decision matrix — Similar to decision matrix, a belief decision matrix is used to describe a multiple criteria decision analysis (MCDA) problem in the Evidential Reasoning Approach. If in an MCDA problem, there are M alternative options and each need to be… …   Wikipedia

  • Decision field theory — (DFT), is a dynamic cognitive approach to human decision making. It is a cognitive model that describes how people make decisions rather than a rational model that prescribes what people should do. It is also a dynamic model of decision making… …   Wikipedia

  • Matrix method — The matrix method is a structural analysis method used as a fundamental principle in many applications in civil engineering. The method is carried out, using either a stiffness matrix or a flexibility matrix. The flexibility method is not… …   Wikipedia

  • Matrix mechanics — Quantum mechanics Uncertainty principle …   Wikipedia

  • Matrix (fictional universe) — The Matrix is the simulated reality that is the main setting of The Matrix series of science fiction films, comic books and video games.OverviewIn the dystopia the series depicts, Earth is dominated by sentient machines. Humans are grown in pods… …   Wikipedia

  • Matrix scheme — A matrix scheme (also known as a matrix sale or site, and as a hellevator, escavator or ladder scheme) is a business model involving the exchange of money for a certain product with a side bonus of being added to a waiting list for a product of… …   Wikipedia

  • Matrix management — A matrix organization Matrix management is a type of organizational management in which people with similar skills are pooled for work assignments. For example, all engineers may be in one engineering department and report to an engineering… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.