M1.1 Multifactor Evaluation Process
With the MFEP, we start by listing each factor and its relative importance on a scale from 0 to 1.
Let’s consider an example. Steve Markel, an undergraduate business major, is looking at several job opportunities. After discussing the employment situation with his academic advisor and the director of the placement center, Steve has determined that the only three factors really important to him are salary, career advancement opportunities, and location of the new job. Furthermore, Steve has decided that career advancement opportunities are the most important to him. He has given this a weight of 0.6. Steve has placed salary next, with a weight of 0.3. Finally, Steve has given location an importance weight of ...
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