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WEIGHTED DECISION MATRIX
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.
ITERATIVE DECISION MAKING