Whether you're choosing spaghetti sauce, a new job, or a life partner, making decisions can be paralyzing. In this TED talk, philosopher Ruth Cheng explains that making hard choices can actually be empowering.
In a Weighted Decision Matrix you assign your importance (weights) to all criteria. For example when buying a car, you will weight the importance of the price, the fuel consumption, the engine power etc. differently. In the Weighted Decision Matrix an additional column for the weighting of the individual criterion is added. The value of weighting will then be multiplied by the value of the criteria for each option.It is often recommended to assign the weighting of the criteria as percentages and distribute a maximum of 100%. However, this may be omitted, since when there are many criteria, the distribution of exactly 100% can become very tedious.
For engineers with little or no business background this book provides the financial decision-making skills necessary for a management career. Based on materials used by students in a Masters of Engineering and Management program at Case Western Reserve University and informed by both classroom and industry experience.
Make Better Decisions More Often by Nicholas Bate
Decision making not your strong suit? Fed up of thinking 'I should have chosen the other candidate/strategy/sandwich'? This succinct, practical guide will teach you how to properly weigh up all the information and make well thought out decisions more quickly.