Technodiversity Glossary

This is one method to find the best option. Other methods are minimax rule, monetarization, utility analysis, and AHP, for example.

This method that has been developed at Harvard University. With this method the efficiency and the effectiveness of each option are compared against each other. 

This works well when there is only one effectiveness and one efficiency. Since we have three criteria, we need to adapt it a bit: 

• We combine all efficiencies to one overall efficiency
• and all effectivenesses to one overall effectiveness.

Here, we use the the same example as with the other decision making methods and also the same weights.

Option 3 is located on the highest optimality curve, while option 1 is the worst option.

(See more under PR1-F04)