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Define either quantitative or qualitative scale

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1. Starting with the environment scorning model in Table 5-3, construct an objectives hierarchy that can be used to evaluate capital development and expansion projects being considered by an electric utility company.

2. Referring to Exercise 6.4, combine the two hierarchies into one so that there are no more than eight subobjectives at the bottom level. Define either a quantitative or a qualitative scale for each of these subobjectives, and construct a utility function for each. Use MAUT to evaluate and rank the three alternatives.

Reference no: EM132453503

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