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Abstract
The use of a simple multiple-criteria model to assist in decision making is described. The model, a hierarchical additive weighted value-function, was used as a part of a decision-making process to select, from a shortlist of three, the company with which to place a contract for the development of a computerized financial management system. The multiple-criteria model and its use are described in detail. To conclude, there is a discussion on the contribution of the model to the decision-making process as perceived by the decision-making group.
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The original version of this paper was one of the 1984 winners of the Mike Simpson Awards and was presented at the O.R. Society National Conference, University of Lancaster, September 1984. The Awards were instituted in memory of Professor M. G. Simpson of the University of Lancaster, President of the O.R. Society 1978-1979.
The original version of this paper was one of the 1984 winners of the Mike Simpson Awards and was presented at the O.R. Society National Conference, University of Lancaster, September 1984. The Awards were instituted in memory of Professor M. G. Simpson of the University of Lancaster, President of the O.R. Society 1978-1979.