IE $0202$ DECISION ANALYSIS

Homework$-3$

The table below shows the evaluation results according to different criteria for $5$ different jobs applied for.

b$)$ by excluding the "Development of Business Capabilities" and "Benefits" criteria;

i$.$ "Monthly salary": exponential one$-$dimensional value function $($median value $$2,200),$

ii$.$ "Annual vacation time": exponential one$-$dimensional value function $($median value $12),$

iii. "Flexibility of the work schedule": the flexibility between "medium" and "high" is the flexibility of the value increase

three times the increase in value between "low" and "medium",

iv$.$ "Contentment": "boring" of the contentment value increase between "high" and "very high"

is twice the increase in value between "high" and

Assume Identify the best business alternative using the Multi$-$Criteria Theory of Value approach

c$)$ If the weights of the criteria in $($b$)$ are $0\mathrm{.}4,0\mathrm{.}2,0\mathrm{.}3,0\mathrm{.}1$ respectively, determine the best business alternative using the "Simple sum weighting" and "Weighted product" methods.