Changes: Decision-matrix method

Latest revision as of 12:27, 15 February 2007

Statistics: Scientific method · Research methods · Experimental design · Undergraduate statistics courses · Statistical tests · Game theory · Decision theory

The decision-matrix method, also Pugh method, is a quantitative technique used to rank the multi-dimensional options of an option set. It is frequently used in engineering for making design decisions but can also be used to rank investments options, vendor options, product options or any other set of multidimensional entities.

A basic decision matrix consists of establishing a set of weighted criteria upon which the potential options can be decomposed, scored, and summed to gain a total score which can then be ranked.

Morphological analysis is another form of a decision matrix employing a multi-dimensional configuration space linked by way of logical relationships.

External links

Pugh Matrix-Six sigma First
Pugh method - umass.edu
General Morphological Analysis: A General Method for Non-Quantified Modelling From the Swedish Morphological Society

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−	The '''decision-matrix method''', also '''Pugh method''', is a quantitative technique used to rank the multi-dimensional options of an option set. It is frequently used in [[engineering]] for making design decisions but can also be used to rank investments options, vendor options, product options or any other set of multidimensional entities.	+	The '''decision-matrix method''', also '''Pugh method''', is a quantitative technique used to rank the multi-dimensional options of an option set. It is frequently used in engineering for making design decisions but can also be used to rank investments options, vendor options, product options or any other set of multidimensional entities.

	A basic decision matrix consists of establishing a set of weighted criteria upon which the potential options can be decomposed, scored, and summed to gain a total score which can then be ranked.		A basic decision matrix consists of establishing a set of weighted criteria upon which the potential options can be decomposed, scored, and summed to gain a total score which can then be ranked.