Question
Which of the following is a Multiple Criteria Decision
Analysis technique that presents a series of values in columns and rows that allow you to visually compare possible solutions by weighing variables based on importance?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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