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Intuitive decision-making is described as the process by which information, acquired through associated learning and stored in long-term memory, is accessed unconsciously to form the basis of a judgment or decision. 1 Intuition is based on the i...
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Overview Performance analysis is used to dynamically change the priorities of the objectives to determine how these changes affect the priorities of the alternative choices. Each performance sensitivity is composed of: The relative import...
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Last Updated: 10/25/2021
in Allocate Summary Relevant Constraints are constraints that are used by the optimizer for that scenario. If a relevant constraint is removed or modified, the current solution will change. You can select a scenario using the scenario drop-down and download t...
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The Endowment Effect , an emotional bias, is the hypothesis that people will value something they already own more than a similar item they don’t own. This happens even when there is no cause for attachment or even if the item was only obtained li...
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Synthesis involves putting together or combining parts into a whole. Analysis - the separating of any material or abstract entity into its constituent elements - is the opposite of synthesis. 1 Organizations have become quite good at doing analys...
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Representativeness is the tendency to over/underestimate based on generalizations or imprecise deductive reasoning, or where certain important pieces of information are overlooked. The Representativeness heuristic is commonly used when making judg...
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Last Updated: 10/25/2021
in Allocate Portfolio Assessment Scenario Comparisons lets you view several scenarios side by side, making it easy to compare the alternatives properties, objective priorities, and constraints side by side. You can select the scenarios to display using the Scenarios drop-down: ...
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Last Updated: 10/28/2021
in Additional Information When an individual or small group derives priorities in an AHP model, they can evaluate either from the top down (from goal to objectives to alternatives) or bottom up (from alternatives, to covering objectives, to top level objectives). A to...
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The priorities for elements in each cluster of the objectives hierarchy, as well as the priorities derived for the alternatives with respect to each covering objective, are referred to as "local" priorities. The options available on the "Cluster ...
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The Project Manager can show or hide the Sensitivity Analysis at the end of the Collect Input steps. The purpose of the sensitivity analyses is to graphically see how the alternative priorities would change if the priorities of the objectives or ...