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Paper No. 2 - On SMART Analysis

Bus 143 – Judgement and Decision Making

Written By Group 5

Nana Akahoshi

Kevin Du

Jahzeel Lara

Jewell Mcclain

Huiyin Wang

For Professor Gary Patterson

School of Business Administration

University of California, Riverside

Winter, 2017

Table of Contents



Executive Summary 3

Assessment 4

Decision Tree 4

Summation of Attributes Table 5

Efficiency Frontier 5

Price of the Attributes Computation 5

Works Cited 6

Executive Summary

This report provides an analysis and evaluation of select attributes of University of California Berkeley (UCB), of Riverside (UCR), and of Los Angeles (UCLA), and also the University of Southern California (USC), California State University of San Bernardino (CSUSB), and Stanford University, in order to establish a preference in Graduate School options. Our method of analysis consisted of the application of the Simple Multi-Attribute Rating Technique (SMART) through the use of decision trees, weighted attributes and their summations, efficiency frontiers, and sensitivity analysis.

Our findings are catered towards graduates seeking full time MBA programs on a basis of overall school ranking, school location, graduation rate, and the average post-graduation salary.

Findings

Conclusions

Recommendations

Assessment

Deciding the best graduate school can be a daunting task. In the following pages we apply the Simple Multi-Attribute Rating Technique

Decision Tree

https://lh6.googleusercontent.com/19gnuURl_nG_XblLy9Gbo6eEVgcfEfS05aJyWC4w0a6opjd4Uc8MlGn_-ZtFTYMDq5e29-_DlT9sdhwqeTTtawJJEquajnS1N5Tev70k5w-JDkj6xw56cGx3d4TPiTBMu2X5_ttb

College

Tuition & Fees

Est. Living Cost

Total

A. UC Berkeley

60162.50

25752.00

$85,915

B. UC Riverside

41513.10

14250.00

$55,763

C. UC Los Angeles

58462.00

32145.00

$90,607

D. University of Southern California

69490.00

23319.00

$92,809

E. California State University, San Bernardino

10979.49

19,683

$30,662

F. Stanford University

74886.00

34332.00

$109,218

*based on State Resident Full-Time MBA tuition fees

Ranking Based on Importance of Each Attribute

Attribute

Weight

Normalized Weight

Level (High/Low)

Ranking

100

Location

30

Average Graduating Salary

80

Graduation Rate

50

Total

Ranking Weights Based on Schools

Attributes

A

B

C

D

E

F

Ranking

90

40

70

60

10

100

Location

70

20

90

100

10

70

Average Graduating Salary

90

60

90

90

40

100

Graduation Rate

90

50

70

80

40

100

Total

Ranking Based on Alternatives

Objectives:

Maximize value of colleges  for students who plan to attend   graduate school in their near future

Minimize  Student worries as they plan to attend schools that offer more benefits such as (scholarships,grants,and many majors)

Summation of Attributes Table  

Nana’s Part

Efficiency Frontier

Price of the Attributes Computation

Sensitivity Analysis

Works Cited http://mba.haas.berkeley.edu/admissions/costs-and-financial-aid.html http://mfe.berkeley.edu/admissions/finaid.html http://finaid.ucr.edu/ucr-cost/index.html http://registrar.ucr.edu/registrar/tuition-and-fees/quarterly-fees.html http://www.anderson.ucla.edu/degrees/mba-program/financing http://ftmba.marshall.usc.edu/financial-aid/ https://www.csusb.edu/student-financial-services/tuition-and-fees/academic-year-2016-17 https://www.gsb.stanford.edu/programs/mba/financial-aid/cost-summary

http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-business-schools/mba-rankings?int=9dc208