New Register here for RBI, SEBI & NABARD strategy workshop! April 9 at 7 PM

    Question

    A decision matrix is a technique of decision making

    developed by ______
    A J J Gordon Correct Answer Incorrect Answer
    B Alex Osborn Correct Answer Incorrect Answer
    C Stuart Pugh Correct Answer Incorrect Answer
    D Olaf Helmer Correct Answer Incorrect Answer
    E Amos Tversky Correct Answer Incorrect Answer

    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 adecision-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

    Practice Next

    Relevant for Exams: