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Fernando is looking to buy a new house. The attributes and the corresponding values for his top three houses are described in the table below.

  1. Fernando is looking to buy a new house. The attributes and the corresponding values for his top three houses are described in the table below. Which of the statements below is correct?

Attributes

Alternative

Alternative

Alternative

I

II

III

Price

$220,000

$270,000

$320,000

Outside view (10-best, 0-worst)

9

8

7

Distance From work in miles

11

21

36

Neighborhood

Good

Fair

Excellent

  1. None of the alternatives dominates another.
  2. Alternative Il dominates Alternative III, but not I
  3. Alternative Il dominates Alternatives I and III.
  4. Alternative I dominates Alternative II, but not III.
  5. Alternative I dominates Alternatives II and III.
  6. Alternative III dominates Alternative II, that not I.
  7. Alternative III dominates Alternatives I and II.
  1. Fernando is looking to buy a new house. The attributes and the corresponding values for his top three houses are described in the table below. Which of the alternatives would be eliminated using the satisficing method?

Attributes

Alternative

Alternative

Alternative

Min

Max

I

II

III

Acceptable

Acceptable

Price

$220,000

$270,000

$320,000

$300,000

Outside View (10-best, 0-worst)

9

8

7

5

Distance from work in miles

11

21

36

25

Neighborhood

Good

Fair

Excellent

Fair

  1. Alternatives I and II
  2. Alternative III
  3. Alternative I
  4. Alternatives I and III
  5. All alternatives would be eliminated.
  6. Alternatives II and III
  7. Alternative II
  8. None would eliminated.

  1. Fernando is looking to buy a new house. The attributes and the corresponding values for his top three houses are described in the table below. Which of the alternatives would be left as the winner if the following decision methods are employed to eliminate alternatives? Use dominance, disjunctive resolution, and satisficing to eliminate alternatives.

Attributes

Alternative

Alternative

Alternative

Min

Max

I

II

III

Acceptable

Acceptable

Price

$220,000

$270,000

$320,000

$300,000

Outside view (10-best, 0-worst)

9

8

7

5

Distance from work in miles

11

21

36

25

Neighborhood

Good

Fair

Excellent

Fair

    1. No single alternative would be a clear winner.
    2. Alternative I
    3. Alternative II
    4. Alternative III
  1. Assume that alternatives A, B, C, and D are considered. Alternative C is better than each of the other 3 alternatives in all of the 10 attributes considered, except one, but in this one C is by far the worst. Which of the decision-making models below would be the most likely to result in eliminating alternative C?
  1. additive weighting
  2. dominance
  3. satisficing
  4. disjunctive resolution

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