Engineering Economy 16th Edition by William Sullivan ,Elin Wicks, Koelling,

Exercise 2

List two advantages and two disadvantages of noncompensatory models for dealing with multiattribute decision problems. Do the same for compensatory models. (Problem, Problem 1)
Problem
With reference to the data provided in Table on p. 570, recommend the preferred alternative by using (a) dominance, (b) satisficing, (c) disjunctive resolution, and (d) lexicography. (14.6)
Table Data for Problem
Problem 1
You are ready to finally plan your family summer vacation. After what seems like an eternity of long hours at work, you deserve a week of total relaxation. Now, where do you go The mountains The beach Maybe somewhere with a lot of excitement, like Las Vegas Table contains the three alternatives and attribute values for each, some of which are not available in terms of money.
Table Data for Problem
Use the noncompensatory methods to evaluate these alternatives. Can any be eliminated Can any be selected You will have some extra work to do, beyond Table, before you can complete the analysis.