Decision Matrix Powerpoint Template

Decision matrix is used to describe a multi-criteria decision analysis (MCDA) problem. An MCDA problem, where there are M alternative options and each need to be assessed on N criteria, can be described by the decision matrix which has N rows and M columns, or M × N elements, as shown in the following table. Each element, such as Xij, is either a single numerical value or a single grade, representing the performance of alternative i on criterion j. For example, if alternative i is “car i”, criterion j is “engine quality” assessed by five grades {Exceptional, Good, Average, Below Average, Poor}, and “Car i” is assessed to be “Good” on “engine quality”, then Xij = “Good”. These assessments may be replaced by scores, from 1 to 5. Sums of scores may then be compared and ranked, to show the winning proposal.