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Case Study 4 . 1 rescaling or normalization step is usually based on the minimum and maximum performance of the alternatives on each criterion: f
Case Study rescaling or normalization step is usually based on the minimum and maximum
performance of the alternatives on each criterion:
when maximizing the criterion, or
when minimizing the criterion. Table represents the rescaled performances of
Case Study Let us remark that this rescaling step might be performed after
applying the marginal utility function in order to ensure utility scores of between
and
Table Rescaled performance table.
Figure Positive exponential marginal utility function. Figure Negative exponential marginal utility function.
Suppose that the marginal utility functions of the screen size and storage size
criteria are linear. On the other hand, consider an exponential marginal utility
function for customer review and price as depicted in Figure and Figure
with an exponent of and respectively. We remark that uses the rescaled
values with and which explains the decreasing utility function for
the price utility function Figure despite the value of for its exponent. The
corresponding utility values are given in Table
Table Marginal utility values for the alternatives.
The exponential marginal utility score for the price criterion is computed as
follows:
exp which explains the subtraction of in the nominator as well as the division by
in order to obtain for the best alternative. Central to the MAUT method are the marginal utility function and weights, which
reflect the decision maker's preferences for each criterion. These parameters need
As illustrative example, consider the ranking of five fictitious smartphones
SP SP which are evaluated on the following criteria:
price to be minimized;
customer reviews to be maximized;
screen size to be maximized;
storage size to be maximized
The performance of the five smartphones on those criteria.
Solve this case study using Microsoft Excel. Also i need every step by step work.
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