Question
A decision matrix is a technique of decision making developed by ______
Solution
Decision matrix method was invented by Professor Stuart Pugh and is also called as Pugh method. It is also called the decision grid, selection matrix or grid, problem matrix, problem selection matrix, A decision matrix evaluates and prioritizes a list of options and is a decision-making tool. The team first establishes a list of weighted criteria and then evaluates each option against those criteria. This technique is primarily used when various alternatives are available and many different parameters are to be considered for making a selection
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- A decision that is based on bad logic and reasoning is suffering from which of the following?
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- Which of the following is NOT an advantage of group decisions?
- A decision is said to be rational when it is based on _______
- Which of the following types of decision is needed for unique problems?