Decision-matrix Method
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Decision-matrix Method
The decision-matrix method, also Pugh method or Pugh concept selection, invented by Stuart Pugh,S. Pugh (1981) Concept selection: a method that works. In: Hubka, V. (ed.), Review of design methodology. Proceedings international conference on engineering design, March 1981, Rome. Zürich: Heurista, 1981, blz. 497 – 506. is a qualitative technique used to rank the multi-dimensional options of an option set. It is frequently used in engineering for making design decisions but can also be used to rank investment options, vendor options, product options or any other set of multidimensional entities. Definition A basic decision matrix consists of establishing a set of criteria and a group of potential candidate designs. One of these is a reference candidate design. The other designs are then compared to this reference design and being ranked as better, worse, or same based on each criterion. The number of times "better" and "worse" appeared for each design is then displayed, but not summ ...
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Stuart Pugh
Stuart Pugh (1929 - 9 October 1993) was a British product designer from Halifax, UK. He is known for redefining Total Design (methodology), which had previously been coined by Ove Arup regarding integrated architecture and structural engineering, to instead map a structured and integrated process in the field of product design and development that included market and production processes. Biography Stuart Pugh was a design engineer and manager. His experience in industry led him to pursue a secondary career in academia, where he published on 'Total Design'. Stuart Pugh graduated from London University with a degree in Mechanical Engineering and became a graduate apprentice for the British Aircraft Corporation. In 1956 he worked in the Warton Aerodrome as a project engineer for the Mach 6 Wind Tunnel. In 1963 he became the Chief Designer of the Mechanical Product Division at the Marconi Company. In the later stages of his industrial career, Pugh worked within the English El ...
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Engineering
Engineering is the use of scientific method, scientific principles to design and build machines, structures, and other items, including bridges, tunnels, roads, vehicles, and buildings. The discipline of engineering encompasses a broad range of more specialized List of engineering branches, fields of engineering, each with a more specific emphasis on particular areas of applied mathematics, applied science, and types of application. See glossary of engineering. The term ''engineering'' is derived from the Latin ''ingenium'', meaning "cleverness" and ''ingeniare'', meaning "to contrive, devise". Definition The American Engineers' Council for Professional Development (ECPD, the predecessor of Accreditation Board for Engineering and Technology, ABET) has defined "engineering" as: The creative application of scientific principles to design or develop structures, machines, apparatus, or manufacturing processes, or works utilizing them singly or in combination; or to construct o ...
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Decision Matrix
A decision matrix is a list of values in rows and columns that allows an analyst to systematically identify, analyze, and rate the performance of relationships between sets of values and information. Elements of a decision matrix show decisions based on certain decision criteria. The matrix is useful for looking at large masses of decision factors and assessing each factor's relative significance by weighting them by importance. Multiple-criteria decision analysis The term ''decision matrix'' is used to describe a multiple-criteria decision analysis (MCDA) problem. An MCDA problem, where there are ''M'' alternative options and each needs to be assessed on ''N'' criteria, can be described by the decision matrix which has ''N'' rows and ''M'' columns, or ''M'' × ''N'' elements, as shown in the following table. Each element, such as ''X''''ij'', is either a single numerical value or a single grade, representing the performance of alternative ''i'' on criterion ''j''. For e ...
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Morphological Analysis (problem-solving)
Morphological analysis is the analysis of morphology in various fields * Morphological analysis (problem-solving) or general morphological analysis, a method for exploring all possible solutions to a multi-dimensional, non-quantified problem * Analysis of morphology (linguistics), the internal structure of words. Morphological parsing is conducted by computers to extract morphological information from a given wordform. * Analysis of morphology (biology), the form and structure of organisms and their specific features * Mathematical morphology Mathematical morphology (MM) is a theory and technique for the analysis and processing of geometrical structures, based on set theory, lattice theory, topology, and random functions. MM is most commonly applied to digital images, but it can be em ..., a theory and technique for analysis and processing of images and geometrical structures * Morphological dictionary, in computational linguistics, a linguistic resource that contains corresp ...
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MCDA
Multiple-criteria decision-making (MCDM) or multiple-criteria decision analysis (MCDA) is a sub-discipline of operations research that explicitly evaluates multiple conflicting criteria in decision making (both in daily life and in settings such as business, government and medicine). Conflicting criteria are typical in evaluating options: cost or price is usually one of the main criteria, and some measure of quality is typically another criterion, easily in conflict with the cost. In purchasing a car, cost, comfort, safety, and fuel economy may be some of the main criteria we consider – it is unusual that the cheapest car is the most comfortable and the safest one. In portfolio management, managers are interested in getting high returns while simultaneously reducing risks; however, the stocks that have the potential of bringing high returns typically carry high risk of losing money. In a service industry, customer satisfaction and the cost of providing service are fundamen ...
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Belief Decision Matrix
A decision matrix is a list of values in rows and columns that allows an analyst to systematically identify, analyze, and rate the performance of relationships between sets of values and information. Elements of a decision matrix show decisions based on certain decision criteria. The matrix is useful for looking at large masses of decision factors and assessing each factor's relative significance by weighting them by importance. Multiple-criteria decision analysis The term ''decision matrix'' is used to describe a multiple-criteria decision analysis (MCDA) problem. An MCDA problem, where there are ''M'' alternative options and each needs to be assessed on ''N'' criteria, can be described by the decision matrix which has ''N'' rows and ''M'' columns, or ''M'' × ''N'' elements, as shown in the following table. Each element, such as ''X''''ij'', is either a single numerical value or a single grade, representing the performance of alternative ''i'' on criterion ''j''. For e ...
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