What does decision matrix mean?
Definitions for decision matrix
de·ci·sion ma·trix
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Wikipedia
Decision matrix
A decision matrix is a list of values in rows and columns that allows an analyst to systematically identify, analyze, and rate the performance of relationships between sets of values and information. Elements of a decision matrix show decisions based on certain decision criteria. The matrix is useful for looking at large masses of decision factors and assessing each factor's relative significance by weighting them by importance.
Wikidata
Decision matrix
A decision matrix is a list of values in rows and columns that allows an analyst to systematically identify, analyze, and rate the performance of relationships between sets of values and information. Elements of a decision matrix show decisions based on certain decision criteria. The matrix is useful for looking at large masses of decision factors and assessing each factor’s relative significance. Decision matrix is used to describe a multi-criteria decision analysis problem. An MCDA problem, where there are M alternative options and each need to be assessed on N criteria, can be described by the decision matrix which has M rows and N columns, or M × N elements, as shown in the following table. Each element, such as Xij, is either a single numerical value or a single grade, representing the performance of alternative i on criterion j. For example, if alternative i is "car i", criterion j is "engine quality" assessed by five grades {Exceptional, Good, Average, Below Average, Poor}, and "Car i" is assessed to be "Good" on "engine quality", then Xij = "Good". These assessments may be replaced by scores, from 1 to 5. Sums of scores may then be compared and ranked, to show the winning proposal.
Numerology
Chaldean Numerology
The numerical value of decision matrix in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of decision matrix in Pythagorean Numerology is: 1
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"decision matrix." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/decision+matrix>.
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