Evaluate various job offers with additive utility function


Problem

What is important to you in choosing a job? Certainly salary is important, and for many people location matters a lot. Other considerations might involve promotion potential, the nature of the work, the organization itself, benefits, and so on. Create a fundamental-objectives hierarchy that allows you to compare job offers. Be sure to establish the fundamental objectives and operational attributes that will allow you to make the necessary comparisons. Once you are satisfied with your hierarchy, use it to compare your job offers. You also may want to think about your "ideal" job in order to compare your current offers with your ideal. You also might consider your imaginary worst possible job in all respects. (For the salary attribute, try using the utility function for money that you assessed in Problem 14.12, or some variation of it. You may have to rescale it so that your best alternative is 1 and worst 0.) Assess weights for the attributes using pricing out, swing weighting, or lottery weights, being careful to anchor your judgments in terms of both ideal and worst imaginable jobs. Evaluate your various job offers with the additive utility function. If possible, use a computer-based multiattribute decision program to do this problem.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Evaluate various job offers with additive utility function
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