Identify the following steps in the example MCDM Alternative Job Offers figure below:

1. Identify the competing alternatives and give a short description in the columns across the top of the page.
2. Identify the criteria or factors that are important to making a choice among competing alternatives.
3. Assign a weight for each factor. Note that the sum of the weights must equal 1.
4. Reading across, objectively assign a rating for each alternative on the factor (1=low; 4=high).
5. Compare each alternative on a single factor at a time.
6. Multiply the weight for each factor times the rating for each alternative and place the total in the column headed "score".
7. Total the scores for each alternative and compare the results.
8. Select the best choice according to the analysis.

Now it's time to practice using Multi-Criteria Decision Making.

For this exercise, you need to identify a decision for which you have competing alternatives. Following the steps in doing MCDM, practice the technique

2 3 4 6 CRITERIA Weight JOB OFFER #1 JOB OFFER #2 JOB OFFER #3 Rating Score Rating Score Rating Score 3 0.90 0.60 U1 0.30 4 120 2 0.10 1 0.10 2 0.20 3 0.30 0.10 2 0.20 3 0.30 4 0.40 0.05 2 0.10 2 0.10 2 0.10 Salary Location Opportunity for Advancement Benefits Costs of Living Educational system for children Employment opportunities for sa r spouse Distance to major airport 0.10 2 0.20 1 0.10 4 0.40 0.10 1 0.10 3 0.30 2 0.20 0.20 3 0.60 2 0.40 0.20 0.05 4 0.20 2 0.10 3 0.15 Total 1.00 2.40 2.70 2.35 7 8 MCDM Alternative Job Offers