Comparing methods for weighting decision criteria

Paul C Nutt

Omega, 1980, vol. 8, issue 2, 163-172

Abstract: Several metbods have been proposed to weight decision criteria. In this field study a decision group, like that used by public agencies, was formed to establish project priorities. The decision group used a variety of criteria weighting methods to study how these methods influence the magnitude of the weights assigned by members of the decision group. Direct criteria weighting methods (scaling, rank-weight, point assignment and odds procedures) and an indirect approach (weights derived from hypothetical projects) were considered. The study compared the methods in terms of the magnitude of the weights assigned, the variance in weights among members of the decision group, and the similarity of the decisions based on weights assigned by each method. The time to apply each method and the preferences of the decision makers were also determined. The linear rating scale that defined the meaning of scale increments, called an 'anchored ratin scale', was found to be favorably received and efficient and led to the most defensible decisions.

Date: 1980
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/0305-0483(80)90020-1
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jomega:v:8:y:1980:i:2:p:163-172

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_1&version=01

Access Statistics for this article

Omega is currently edited by B. Lev

More articles in Omega from Elsevier
Bibliographic data for series maintained by Catherine Liu ().