Live support chatRanking Models for Decision that Allow Attribute Trade-offs – MAUT and AHP
In Ranking Models for Decision that Allow Attribute Trade-offs – MAUT and AHP, you'll learn ...
- How to understand Multiple Criteria Decision Making (MCDM) problems
- Compensatory decision models
- The construction of the decision matrix
Overview
Preview a portion of this course before purchasing it.
Credit: 2 PDH
Length: 24 pages
In corporate or government decision making, there typically are a number of attributes or characteristics associated with the alternatives that are presented for a decision. In many circumstances, these alternatives need to be screened or ranked. There are a number of different approaches and methods that can be used to capture the decision environment and provide structure to the decision-making process.
This course addresses decision making circumstances where the decision-maker is permitted to trade-off attribute values. In these models, changes in one attribute or the weighting associated with that attribute can be offset with changes in any other attribute. With models such as these, a single number is usually assigned to each multidimensional characterization representing an alternative.
This course will address two methods, the Analytic Hierarchy Process (AHP) method and the Multiple Attribute Utility Theory (MAUT) method. Both of these methods are used in industry, the government, and the military. We will discuss the theory and application of these methods in this course.
Learning Objectives
Upon completion of this course, participants will be able to:
- Explain the theory behind the Analytic Hierarchy Process (AHP).
- Apply the Analytic Hierarchy Process (AHP) to a decision problem.
- Describe the theory behind Multiple Attribute Utility Theory (MAUT).
- Apply Multiple Attribute Utility Theory (MAUT) to a decision problem.
- Compare the key differences and similarities between AHP and MAUT.
Certificate of Completion
You will be able to immediately print a certificate of completion after passing a multiple-choice quiz consisting of 10 questions. PDH credits are not awarded until the course is completed and quiz is passed.
