Loading

Alison's New App is now available on iOS and Android! Download Now

Study Reminders
Support
Text Version

Set your study reminders

We will email you at these times to remind you to study.
  • Monday

    -

    7am

    +

    Tuesday

    -

    7am

    +

    Wednesday

    -

    7am

    +

    Thursday

    -

    7am

    +

    Friday

    -

    7am

    +

    Saturday

    -

    7am

    +

    Sunday

    -

    7am

    +

The key points from this module are:
Developed by Saaty, AHP is developing a numerical score to rank each decision alternative based on how well each alternative meets the decision-maker's criteria.

TOPSIS method technique of order preference by similarity to ideal solution considers three types of attributes:

Qualitative benefit attributes
Quantitative benefit attributes
Cost attributes

A product mix is the combination of different products ordered by a company for sale to consumers.

A decision tree is a graphical representation of the various alternative courses of action.

The maximax rule: criterion takes an optimistic view that everything will turn out right regardless of the decision taken

The maximin rule: a risk-averse decision-maker will use the conservative maximin criterion, which often leads to doing nothing.

The minimax rule: The minimax criterion, also called minimax regret- can be considered another conservative or pessimistic decision rule.