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Decision Based Design
book

Decision Based Design

by Vijitashwa Pandey
August 2013
Intermediate to advanced content levelIntermediate to advanced
284 pages
11h 23m
English
CRC Press
Content preview from Decision Based Design
101Decision Analysis with Multiple Attributes
Now Bill is asked some questions to determine his trade-off behavior
over deterministic combinations of the two attributes. For example, con-
sider two drills with the attributes at {500 rpm, $30} and {1,500 rpm, c?}.
Bill is asked what value of the cost of the second drill will make him
indifferent between the two drills. Clearly, the value should be greater
than $30 because the second drill has higher rpm. Let us say that Bill says
he is willing to pay $50 for the second drill. We can now write the indif-
ference equation:
()
()
()
()
()()
=
=
500 200
30 10
1500 200
50 10
300
20
1300
40
aa
aa
or
=4.333 2
a
T
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Publisher Resources

ISBN: 9781439882320