Decision Making Using Multicriteria Analysis: A Case Study of Decision Modeling Career in Education

Abstract

The aim of this paper is to offer an applicable evaluation framework relating to the right choice of one's profession via his/her studies. The first part of the paper consists of the basic principles of Multicriteria Decision Making. To begin with, the paper initially focuses on the Macbeth Method. This helps to provide a perspective for procedural types of decisions in which various qualitative and quantitative aspects are incorporated. In the second part of the paper, the above-mentioned multicriteria method is applied to a "real-world" case concerning a specific case of a student, Eva. For this specific study, it is concluded that the factors of greatest importance that lead to choosing the University Eva finally chose, were four: the cost of undergraduate studies, the reputation-status of the University, its logistics and infrastructure and its interconnections with other Universities and other Academic Institutions.