06.07.2013 Views

Logical Decisions - Classweb

Logical Decisions - Classweb

Logical Decisions - Classweb

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Figure 9-11. Extreme example of the relationship between range and<br />

weight.<br />

In Scenario A, the cars are very different, but the price difference<br />

is only $1. It seems reasonable to assume that in this scenario the<br />

price would be a very minor factor in the decision. If the range<br />

for price in LDW was the same as for the alternatives a very low<br />

weight for price would be appropriate.<br />

In Scenario B, the alternatives are the same, but the price<br />

difference is now $81,000. In this scenario, price is likely to be a<br />

major factor in the choice and thus should be assigned a relatively<br />

large weight in the analysis.<br />

Here is another more quantitative example. Figure 9-12 shows a<br />

situation where two cars differ on price and performance but are<br />

equally preferred.<br />

9-52 Section 9 -- In Depth

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!