Multiobjective Value Analysis. Multiobjective Value Analysis. A procedure for ranking alternatives and selecting the most preferred Appropriate for multiple conflicting objectives and no uncertainty about the outcome of each alternative. The Value Function Approach.
A prospective home buyer has visited four open houses in Medfield over the weekend. Some details on the four houses are presented in the following table.
Estimating the single objective value functions
Determine the weights
Determine the overall value of each alternative
Compute the weighted sum of the single objective values for each alternative.