Benefits of a Scoring Model:
Objective Evaluation: Helps make more objective and data-driven
decisions by evaluating alternatives based on specific criteria.
Transparency: The process is clear and can be easily explained to
stakeholders, providing justification for the decision.
Customization: The model can be tailored to fit the specific needs of
the decision at hand, allowing for flexibility in decision-making.
Limitations:
Subjectivity: The assignment of scores and weights can still be
influenced by personal biases.
Complexity: For very large sets of criteria or alternatives, the model
can become complex and time-consuming to manage.
Over-simplification: Sometimes, scoring models may overlook
important intangible factors that can affect the decision.