Brief Introduction
How to Apply the Analytic Hierarchy Process to Make Sound DecisionsDescription
So, you want to make better decisions.
How will you decide whether this course is for you?
What score will you give this course description?
What score will you give the promotional video?
What about the preview videos?
What score will you give the reviews of this course and others I have?
This course takes what you are doing right now and formalises it.
We first identify what makes a “good decision”.
Next we look at how to decide how to decide.
That is, we work out what factors are important to the decision.
For example, we work through a decision of where to live, and identify weather, distance to high speed rail, and local business opportunities as some of the factors that bear on the decision.
Then we look at how to express our preferences among the factors. In the example, is weather more important that connectivity? Or business opportunities more than weather?
And what about the factors that make up “weather”?
We want to live somewhere that is not too hot and not too cold, has many hours of sunshine, but is not too dry. How do we code these and combine them to give a weather score against business opportunities?
I will show you how to do this and give you a spreadsheet so you can do it yourself.
And, what is more, you can use the spreadsheet to support your own decisions, including the one I will set you as coursework.
There is some theory in the course.
The spreadsheet runs the Analytic Hierarchy Process (AHP) to calculate the weights for the decision and warn you when they are inconsistent.
I will explain the theory plain English and some mathematics.
But you do not have to understand the mathematics fully or apply it yourself!
The spreadsheet does that for you.
One last thing.
A decision is only a decision when you act on it.
So enrol now to Make Better Decisions.
Requirements
- Requirements
- You need to be familiar with working with Excel, but you do not need specialist knowledge.
- It will be helpful if you have a real live decision to make, whether in your professional or personal life. If not, then the course works through a real-life example, and invites you to do some coursework in which you work out how to decide which car you would buy.
Nicholas Whittall
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