weighted scoring
Weighted scoring is a decision-making tool used to evaluate and prioritize options based on specific criteria. Each criterion is assigned a weight that reflects its importance, allowing for a more nuanced assessment. Options are then scored against these criteria, and the scores are multiplied by the weights to calculate a total score for each option.
This method helps individuals and organizations make informed choices by quantifying subjective judgments. For example, when selecting a vendor, factors like cost, quality, and reliability can be weighted differently, ensuring that the final decision aligns with overall goals and priorities.