Mastering Multiple-Criteria Decision-Making
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Questions and Answers

Which discipline explicitly evaluates multiple conflicting criteria in decision making?

  • Management
  • Statistics
  • Economics
  • Operations research (correct)

    • What are some of the main criteria considered when purchasing a car?

  • Age, mileage, warranty, and style
  • Brand, color, size, and speed
  • Engine power, acceleration, handling, and technology features
  • Cost, comfort, safety, and fuel economy (correct)

    • In portfolio management, what are managers interested in achieving?

  • No returns with no risks
  • Low returns with low risks
  • High returns while reducing risks (correct)
  • High returns with high risks

    • What are some conflicting criteria in a service industry?

    <p>Customer satisfaction and the cost of providing service</p> Signup and view all the answers

    What are some typical conflicting criteria when evaluating options?

    <p>Cost or price and some measure of quality</p> Signup and view all the answers

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