April 22, 2012

How successful SMART is with two alternatives…

SMART is a good technique for multi criteria decision analysis as it can objectively qualtify even the qualitative factors and make comparisons among them. However, if there are two alternatives just to choose from, I dont think SMART can work really efficiently. It is because it requires to give how well the alternatives work in respect to the criteria or factors that are responsible for making the decision. So, here the worst choice gets zero and the best gets 100. So, if there are only two alternatives, one has to get a 0 and other has to get a 100, no matter how closely they are in terms of performance for that particular factor. Thats why, there could be a case here where there is a lot of biasedness where even though one choice maybe a little worse than the others is some and lot better than the other in the others. That may lead us to take the wrong decision. That is why I feel is that if there are just two alternatives and even though thee is a multi-criteria decision to take, SMART would not be a very robust option, and thus, I feel AHP would work better in these cases.

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