List two advantages of noncompensatory models

Reference no: EM131507345

Question: 1. As a recent college graduate you are ready for the same thing every recent graduate is ready for-a new car! You know this is a big decision, so you want to immediately put to use the tools you learned in engineering economy. Define five attributes you would use in the selection of a new car and rank them in order of importance. Assign approximate weights to the attributes by using a method discussed in this chapter. Be prepared to defend your attributes and their weights.

2. List two advantages and two disadvantages of noncompensatory models for dealing with multiattribute decision problems. Do the same for compensatory models.

Reference no: EM131507345

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