The decision matrix approach

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Reference no: EM132104250

In our decison matrix, Option 1 receives a "3" for speed and a "1" for cost, and option 2 received a "2" for speed and a "2" for cost. The speed criterion has been assigned a weight of 0.4 and the cost criterion has been assigned a whight of 0.6. In accordane with thedecision matrix approach, which of the following statement is true? 1) Option 1 is better thenOption 2 because its total weighted score is lower. 2) Option 1 and Opetion 2 each score a total of 1.8; therefore, either choice is fine. 3) Option 1 is better than Option 2 because its total weighted score is higher. 4) Option 2 is better thand Option 1 because its total weighted score is higher.

Reference no: EM132104250

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