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29 Sep 2019
David recently accepted a job in Florida and wants to buy a new condominium. The matrix of possible outcomes is given in the table below. What can David conclude using nondimensional scaling and additive weighting?
Attributes
Weight
Alternative
I
Alternative
II
Alternative
III
Acceptable Range
Price
0.30
$220,000
$270,000
$320,000
$220,000-$320,000
Outside view
0.20
9
8
7
8-10
Distance from work
0.25
11
21
36
11-21
Neighborhood
0.10
Good
Fair
Excellent
Good-Excellent
The expected increase in property
value at the end of 5 years
0.15
19%
11%
16%
11%-$16
David recently accepted a job in Florida and wants to buy a new condominium. The matrix of possible outcomes is given in the table below. What can David conclude using nondimensional scaling and additive weighting?
Attributes | Weight | Alternative I |
Alternative II |
Alternative III |
Acceptable Range |
Price | 0.30 | $220,000 | $270,000 | $320,000 | $220,000-$320,000 |
Outside view | 0.20 | 9 | 8 | 7 | 8-10 |
Distance from work | 0.25 | 11 | 21 | 36 | 11-21 |
Neighborhood | 0.10 | Good | Fair | Excellent | Good-Excellent |
The expected increase in property value at the end of 5 years |
0.15 | 19% | 11% | 16% | 11%-$16 |
Chika IlonahLv10
29 Sep 2019