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.


- No comments Not publicly viewable


Add a comment

You are not allowed to comment on this entry as it has restricted commenting permissions.

April 2012

Mo Tu We Th Fr Sa Su
Mar |  Today  | May
                  1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30                  

Search this blog

Tags

Galleries

Most recent comments

  • That is true mimi..But if you really look at companies that go for environmental management systems … by Manav Gupta on this entry
  • I think some companies are reluctant to appear to be hopping on the green bandwagon without really u… by Oritseweyinmi Barber on this entry
  • Of course every time that we go back to previous decisions we think of what we could have done diffe… by Ilektra-maria Kaldi on this entry
  • I agree with your comments. I think that's why we can say that the decision we make is only as good … by on this entry
  • I agree with you Manav! I tend to think that group–based decisions are better, as most group members… by Ilektra-maria Kaldi on this entry

Blog archive

Loading…
Not signed in
Sign in

Powered by BlogBuilder
© MMXIX