Scoring Matrix Flashcards
What is the first step in constructing a scoring matrix?
Select Five Evaluation Criteria
How many evaluation criteria should be selected?
Five
What should be done after selecting evaluation criteria?
Assign Evaluation Criteria Weights
What is the third step in the scoring matrix process?
Rate Alternatives
What is the fourth step in the scoring matrix process?
Compute Evaluation Criterion Scores
What is the final step in constructing a scoring matrix?
Compute Total Scores
What should be considered when selecting a reference product?
The best in class
Give an example of a reference product based on cost.
Lowest cost
What is the purpose of assigning evaluation criteria weights?
To prioritize the importance of each criterion
What does computing total scores involve?
Summing the weighted scores of all criteria for each alternative
