- Problem Recognition
Buying a new car is a big deal for everyone due to the big investment that has to go into it. For this Blog I will be implementing the Matrix analysis technique to help in the selection of suitable car for me
- Development the Feasible Alternative
The following 4 cars are considered in this evaluation.
- Mitsubishi Evolution
- Subaru Sti
- VW Golf R
- BMW M3
- Development of the Outcome for Alternative
The following criteria are to be considered while selecting the phone which matches needs and expectation:
- Overall Design
- Engine Performance
- Low maintenance cost
- Cost of investment
- Selection of Criteria
Using the decision Matrix Analysis technique for making the decision to select the best fit car for the customers expectation.
- Analysis and Comparison of the Alternative
The below will be used as the grading criteria for the above mentioned categories
|Overall Design||Good||Medium||Bad||Extermetly Poor|
|Engine Performance||High||Medium||Low||Extermetly Poor|
|Maintenance cost||Low||Medium||High||Very High|
|Cost of investment||Low||Medium||High||Very High|
|Overall Design||Handling||Engine Performance||Maintenance cost||Cost of Investment|
|VW Golf R||2||3||3||2||4|
Table-1 Un- weighted grid
Table-2 weighted as per importance for the customer
|Overall Design||Handling||Engine Performance||Maintenance cost||Cost of Investment||Total|
|VW Golf R||0.3||0.75||0.75||0.3||0.8||2.9|
Table-3 weighted scores
- Selection of the Preferred Alternative
From the decision Matrix Analysis we can conclude that the preferred car for my the customer in which in this case is myself is the Mitsubishi Evolution.
- Performance Monitoring and the Post Evaluation of Result
It shows the second observed option after is the BMW M3 but due to the high cost of the car it will no longer be considered .
- Using a DECISION MATRIX retrieved on August 1, 2014http://www.kent.ac.uk/careers/sk/decisionmaking.htm
- Decision Matrix Analysis retrieved on August 1, 2014http://www.mindtools.com/pages/article/newTED_03.htm
- Autoblog Guide to Automobile News and Reviews. (n.d.). Retrieved August 1, 2014.