1) In multifactor decision making, individuals quantitatively and objectively consider the various factors in making their decisions.
2) Decision situations where we have difficulty in accurately determining various weighting factors are excellent candidates for the Analytic Hierarchy Process analysis.
3) An equivalent name for the Multifactor Evaluation Process (MFEP) is the Analytic Hierarchy Process (AHP).
4) When using the multifactor evaluation process, it is helpful if the importance weights for factors sum to 1.0.
5) In the multifactor evaluation process, we always select the alternative that has the highest total weighted evaluation.
6) In MFEP, the factor weights are summed and then multiplied by the total factor evaluation.
7) The consistency ratio (CR) is an indicator of the equality of factors.
8) ? is the average of the consistency ratios.
9) CI = (? – n ) / ( n – 1 )
10) If you can determine with confidence and accuracy the factor weights and factor evaluations, AHP is preferred.
11) AHP gives the factor weights and factor evaluations from which the final decision can be made.
12) A decision-making technique in which individuals subjectively and intuitively consider the various factors in making their selection is known as
A) multifactor decision making.
B) the multifactor evaluation process.
C) the analytic hierarchy process.
D) pairwise comparison analysis.
E) consistency ratio analysis.
13) Mary states that the two factors critical to her having a successful vacation are golf course availability and good weather. If Mary insists that golf course availability is three times as important as the weather, what importance weights should be placed on golf course availability and good weather to be used for a multifactor evaluation process?
A) Golf Weight Weather Weight
0.80 0.20
B) Golf Weight Weather Weight
0.20 0.80
C) Golf Weight Weather Weight
0.75 0.25
D) Golf Weight Weather Weight
0.25 0.75
E) None of the above
14) Given three alternatives and their total weighted evaluation, which action should be selected?
Alternative
Weighted Average
A
0.6
B
0.8
C
0.6
A) Alternative A
B) Alternative B
C) Alternative C
D) Alternative A or Alternative C
E) None of the above
15) Given the following key factors and their importance weights, determine a total weighted evaluation for A3.
Key Factor
Importance Weights
A1
A2
A3
K1
0.2
0.2
0.9
0.7
K2
0.7
0.8
0.5
0.4
K3
0.1
0.9
0.6
0.8
A) 0.69
B) 0.74
C) 0.59
D) 0.50
E) None of the above