CHAPTER 5

Multi-Way Decision Making

We come across many situations where we have to make decisions among many alternatives. For example, a university awards a grade to a student as either A or B or C or D or E based on his marks, a specific business house gives a discount depending on the amount of purchase made, a bank gives interest on the amount deposited depending on the time period for which the deposit is made and so on. A careful observation of all the examples cited above reveals the fact that one has to choose an alternative among many alternatives. The process of selecting an alternative among many alternatives is generally referred to as multiway decision making. Multiway decision making can be implemented using two way decision making ...

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