Executive and Collaborative Decision Making

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August 7, 2017
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Executive and Collaborative Decision Making

Project description

The professor has the following questions that need to be answered.

Answer the questions — in your own words!

1) Why, for important decisions, is it advisable to always have more than one alternative from which to choose?

2) Briefly describe the meaning of each of the four levels of measurement (nominal, ordinal, interval, and ratio) and their relationship to one another, as well as limitations for their use in mathematical operations.

3) ?Why is a hierarchy of objectives superior to a linear list such as is typical in columns of a spreadsheet for methods such as weights and scores.?

4) Explain how ratio scale priorities can be derived for qualitative objectives.?

5) In your own words, describe and give examples of absolute measurement and relative measurement. What is the primary advantage of relative measurement?

6) Discuss the importance of iteration when making important decisions. What should you consider when iterating because the model results do not agree with one or more people’s intuition?

7) Explain why and how it IS possible to compare apples and oranges.

8) State the three original axioms of AHP and comment on the reasonableness and implications of each.

9) List and briefly explain what you consider to be the two most important concepts related to decision making that you learned from reading Predictably Irrational

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