Chapter 4: Decisions Involving Multiple Objectives: Alternatives to SMART

Question 1

What does SMARTER stand for?

Answer 1

Simple
Multi-
Attribute
Rating
Technique
Exploiting
Ranks

Question 2

What is usually assumed about value functions in SMARTER?

Answer 2

To be linear

Question 3

How are weights for attributes estimated in SMARTER?

Answer 3

From the decision maker’s ranking of the swings

Question 4

What does the Even-Swaps method exploit regarding attributes?

Answer 4

When all options perform equally on an attribute, that attribute is not relevant to the decision

Question 5

What method does the Analytic Hierarchy Process (AHP) involve?

Answer 5

Pairwise comparisons

Question 6

How can comparisons be made in AHP?

Answer 6

Using verbal scales rather than numeric scales

Question 7

What does AHP provide in terms of judgement consistency?

Answer 7

Automatic checks on the consistency of judgments

Question 8

What does MACBETH stand for?

Answer 8

Measuring
Attractiveness by a
Categorical
Base
Evaluation
Tec
Hnique

Question 9

How is MACBETH similar to AHP?

Answer 9

They involve pairwise comparisons and verbal scales