-
The step function is used to convert raw data into ratio-scale data. Depending on the settings made by the Project Manager, the Step Function graph and the resulting priority may vary depending on whether the Piecewise Linear option is enabled or n...
-
Loss aversion refers to the tendency to prefer avoiding a loss rather than acquiring an equivalent gain. This leads to risk aversion , which is when people prefer avoiding losses to making gains when they evaluate an outcome comprising similar ...
-
To cope with the limitations of decision making, managers have resorted to various decision-making strategies, such as Intuition BOPSAT Rules of thumb Heuristics Simple tradeoffs Nutshell briefings Satisficing Misuse of numbe...
-
Last Updated: 09/20/2024
in Manage Models Archives Archiving a model moves it from the Models List tab to the Archives tab. Archived models cannot be opened. The Archives tab lists the models that have been archived from the Models tab. Archived models contain all the model information and part...
-
Pairwise graphical and numerical comparisons are used to express your judgment about the relative importance, preference, or likelihood of the two elements being compared. In the example below, we are asked to compare the relative importance of th...
-
A Sunk Cost is a cost that is incurred and can not be meaningfully recovered by any practical means. 1 For example, a business may have invested a million dollars in new hardware. This money is now gone and cannot be recovered, so it shouldn’t ...
-
Depending on how the Project Manager set up the evaluation, you will be asked to rate one alternative with respect to one objective on each screen, or all alternatives with respect to one objective on each screen, or one alternative with respect to ...
-
Pairwise Verbal can be used to express your judgment about the relative importance or preference or likelihood of the two elements. In the example below, we are asked to compare the relative importance of the two objectives (Cost of Ownership an...
-
Last Updated: 01/13/2025
in Resource Center
Comparion “templates” serves as a quick and convenient starting point for building models, ensuring consistency and ease of use across projects. Templates provide the foundational structure for models without including participant info...
-
The Mixed screen can display the five sensitivities, namely Dynamic Analysis , Performance Analysis , Gradient , 2D plot , and Head to Head , as well as the Alternative/Objectives Grid in one view. By default, four sensitivities are displayed...