decision matrix |
Definition
Table used in evaluating possible alternatives to a course of action. The alternatives are listed in the first column and the relevant criteria (such as cost, ease, effectiveness) are listed as headings of subsequent columns. Each alternative is given a score on a scale (commonly 1 to 5, or 1 to 10) depending upon the alternative's perceived value under each criterion. These scores are added to determine which alternative is most advantageous or deserves more attention.
email to a friend
print this definition
cite this definition
link to this page
decision matrix is in the Decision Making, Problem Solving, & Strategy and Statistics, Mathematics, & Analysis subjects.
This content can be found on the following page:
http://www.businessdictionary.com/definition/decision-matrix.html