This paper describes the potential benefit of decision analysis, a process helping decision makers to gain a deeper understanding of their complex issues they face. Especially in the world of corporate business many decisions are complicated and need to consider a wide range of criteria and issues. Multiple Attribute Value Analysis (MAVA) addresses the issues of problem structuring as a useful support for decision making in practice, and for this purpose I will use V.I.S.A1 software to document and structure the decision making process. This paper is divided into three chapters/tasks.
• Chapter 1: Reports on an investigation into ADMECO’s strategic decision making process
• Chapter 2: Reflections on the use of Multiple Attribute Value Theory (MAVT)
• Chapter 3: A descriptive analysis of a case study: Giving up the smoke: A major institution investigates alternatives to being sited in the city
Contents
i. Abstract
1.0 Strategic Decision Making Process at ADMECO AG
1.1 Problem Description/Objectives
1.2 Distribution
1.3 Assessment Method with MAVA
1.4 Alternatives
1.5 Criteria
1.6 Scoring
1.7 Weighting
1.8 Sensitivity Analysis
1.9 Recommendation; Course of Action
2.0 Reflection on the use of MAVT
2.1 Comments/Discussions on the Process of analysis
2.2 Alternatives the “Even Swaps” Method Comments
2.2.1 Making an Even Swap
2.3 Lessons Learnt
3.0 Case Study Review
3.1 Case Study Background
3.2 Discussions & Comments
3.3 Conclusion
4.0 References
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