March 19, 2011


Trade-off analysis is a very imporatant tool for decision making when selecting between alternatives. It is a tool that aids in decision making by considering the objectives and also the advantages and disadvantages of all the aletrnatives. It first lists the objectives against the alternatives and rate them in priority from 1,2 etc. After that we sum all the scores and eliminate the ones with the least scores. In the next step we list the advantages and disadvantages of the alternatives. Then we score them from 0 to 3 and sum the scores again and chose the one with the highest score. It is somewhat similar to the grid analysis. 

It is a very imporatnt method that helps to look into the discripencies of the alternatives as well. It eliminates some options and choses the one which helps the most to reach the goal and also has the most advantages. It can be used for effective decision making and it is a very simple method and is not very complex.          

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