March 19, 2011

TRADE–OFF ANALYSIS – USAMA NADEEM (RDM)

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.          


- No comments Not publicly viewable


Add a comment

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

March 2011

Mo Tu We Th Fr Sa Su
Feb |  Today  | Apr
   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 31         

Search this blog

Tags

Galleries

Most recent comments

  • I agree with you.. While KM does have a social dimension to it– knowledge sharing creation acquisiti… by on this entry
  • Name , I like what you said about the importance of developing a business vision statement otherwise… by Andrea Woolf on this entry
  • hey, Usama, I wrote a bog on something very similar to… and obviously it all comes down to bias an… by on this entry
  • Thankyou very much for appreceating the idea guys. Yeah, I agree with all of you guys I think we cou… by on this entry
  • Yeah, that is very true. It is a continuous improvement process and although we all have become very… by on this entry

Blog archive

Loading…
Not signed in
Sign in

Powered by BlogBuilder
© MMXX