Course Strategic Decision Making MST021

Assignments Part 1, 2016-2017

Exercise 1
1. Identify a personal decision problem, or a decision problem relating to your work, which
involves multiple objectives (typical examples might be choosing a new house, a
computer system, a raw materials supplier, a software package or a car for your
companys representatives). Bring into consideration qualitative and quantitative
attributes.
2. Apply the simple multi-attribute rating technique (SMART) to the problem. Use the direct
rating technique, the bi-section method and the swing weighting technique. Apply the
weighted additive rule.
3. Discuss in detail the strengths and limitations of your analysis in the context of your
decision problem
----------------------------------------------------------------------------------------------------------------Elaborate the next exercises from Goodwin & Wright Decision Analysis for Management
Judgment, 5th edition 2014.
1. Chapter 4, Exercise 3, p. 91
2. Chapter 6, Exercise 7, p. 156
3. Chapter 7, Exercise 4, p. 182-183
4. Chapter 9, Exercise 5, p. 242-243.
5. Chapter 10, Exercise 3, p. 270.
--------------------------------------------------------------------------------------------------------------Show in a clear way your elaboration of all exercises including the calculations and the
required trees. Make clear trees with assigned numbers (probabilities /utilities / tags etc). The
elaborations / calculations are more important than the final outcome.
Deadline: Tuesday December 13, 2016 at 17.00.
Please, submit a hardcopy.
Much success,
Ad Van Deemen