Decision Maker Tool
Factor | Weight(%) | |||
---|---|---|---|---|
Total | 100 | |||
Result | 6.55 | 5.5 |
Each factor score × its weight, sum for each option = total score.
What is the WADM Method?
WADM (Weighted Average Decision Matrix) is a quantitative decision-making tool. By assigning weights to different criteria and calculating the weighted total score, it helps users make more rational choices in complex situations.
Core Steps
- Identify criteria: List all relevant factors based on your decision goal (e.g., salary, commute time, etc.).
- Assign weights: Allocate a weight to each criterion (total 100%) to reflect its importance.
- Score & calculate: Rate each option for every criterion (e.g., 0-10), then calculate the weighted total.
- Choose the option with the highest total score as the optimal solution.
Typical Scenarios
- Career choice: Compare jobs by salary, growth, etc.
- Business decisions: e.g., project evaluation, vendor selection.
- Personal life: e.g., buying a house, choosing education paths.
Advantages
- Structured analysis for transparent decisions.
- Flexible weights for different priorities.
Limitations
- Subjective weights and scores; results depend on input.
- Static assumptions; re-evaluate if circumstances change.
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