Do 1A (i-iv)

1a. (10 points) Use Affordability, Quality, and Style as the only Values for your decision in finding the best computer for you among 3 computers you have identified as your choices. Apply the Multifactor Evaluation Process by

(i) assigning normalised weights to the Values,

(ii) assigning for each value, ratings of individual computers.

(iii) Computing the total score of each computer to find the best computer; i.e., the computer with the highest total score.

(iv) Normalizing the ratings and total scores.

You must show systematically all numerical results to receive full credits.

ASIMPLEDECISION-MAKING PROCESS: MULTIFACTOREVALUATION Multifactor Evaluation Process as conducted by the Decision-Maker. 1. For each Value i, assign a relative degree of importance, or Weight wi For the simple decision example, the decision-maker may assign Weights: Affordability w 0.6, Quality w2 0.3, Style w3 0.1 These weights are normalized if they sum to 1 2. For each Value i, assign a merit Rating, or rij for each candidate computer j, and then multiply wi to rij for each computer and sum across the Values forthe total score. For the simple decision, the results may be Value and Weight Computer 1 Computer 2 Computer 3 5 (0.333 7 (0.467 Affordability 0.6 3 (0.200) 5 (0.333 2 (0.133) Quality 0.3 8 (0.534 4 (0.267) Style 2 (0.133) 0.1 9 (0.600) Total score (weighted average)5.1 (0.340) 4.9 (0.327) 5.0 (0.333) Choice with the highest total score i e., Computer 1, is then the best. It is often useful to normalize the ratings and total scores by dividing each number by the sum, as shown by the values in parentheses Creativity Challenge. Identify shortcomings of the method and improve them. OV-12 Oliver Yu 2017