4.++Identify+and+rank+criteria

= 4. Identify and rank criteria =

1. Press edit above 2. Move your cursor below your name (scroll down) - only work in the area under your name 3. Use Ms Stevenson's exemplar as an example

**Miss Stevenson's exemplar:** My economic problem: Grandma has $1000 to spend on a pedigree dog to provide companionship, exercise and security
 * || ** Name ** || ** Weight ** || ** Reasons for ranking ** ||
 * ** Highest Rank Criterion ** || Companionship || 5 || ﻿ ﻿ Companionship is the most important criteria as Grandma lives by herself. The primary reason for getting a dog is to have an animal in the house. ||
 * ** Medium Rank Criterion ** || Security || 4 || Security is important as she is going deaf and needs to be alerted if anyone is around ||
 * ** Medium Rank Criterion ** || Exercise || 3 || Grandma is fit and healthy and would like to remain that way. However, she only likes to walk for 30 minutes a day. (Note that in this case Grandma considers security and exercise as similar in terms of ranking. ||
 * ** Medium Rank Criterion ** || Shedding || 2 || Grandma does not want a dog that sheds hair. Although she does have a cleaner so this is not a highly ranked criteria ||
 * ** Lowest Rank Criterion ** || Ongoing costs || 1 || Grandma is on a pension, and needs to consider ongoing costs associated with the dog. This is a lower ranked criterion as her children have volunteered to pay for any costs ||

Note you should pick solutions of a similar cost. Note that the weighting of criteria will be different for different people


 * Neilen B **


 * || **Name** || **Weight** || **Reasons for Ranking** ||
 * **Highest Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Lowest Rank Criterion** ||  ||   ||   ||


 * Max B**


 * || **Name** || **Weight** || **Reasons for Ranking** ||
 * **Highest Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Lowest Rank Criterion** ||  ||   ||   ||


 * Simon B**

and Data per megabyte || 4 || The phone with the lowest rates will almost be definitely the best option as more calls, sms's and internet usage can be utilized with in the $29 cap. || download appeals to the high school student. || with someone overseas, this will be a large factor || receiving the call answers or not. || 1 || This is the least important as it is only a small cost of between 30 -40 cents but in the long run, it adds up to be a a large figure. ||
 * || **Name** || **Weight** || **Reasons for Ranking** ||
 * **Highest Rank Criterion** || Rates for Sms, Cents per minute
 * **Medium Rank Criterion** || Amount of extra benefits || 3 || This will be a large factor as the extra sms's, free minutes or free
 * **Medium Rank Criterion** || International Rates || 2 || This will need to be compared as if this student needs to keep in touch
 * **Lowest Rank Criterion** || Flagfall - cost of call whether the person


 * A Cao**


 * || **Name** || **Weight** || **Reasons for Ranking** ||
 * **Highest Rank Criterion** || Affordability || 5 || You can't buy the house if it costs too much or is too expensive to maintain ||
 * **Medium Rank Criterion** || General Efficiency of the Area || 4 || The dad works in the city and would like easy access to his work eg. public transport, children are also starting school soon. ||
 * **Medium Rank Criterion** || Comfort/ Size || 3 || One of the main reasons the family are moving is because the rented place just wasn't "homely" enough, they would like their new home to provide a better feel. They need a minimum of 3 bedrooms otherwise it would be too crowded. ||
 * **Medium Rank Criterion** || Aesthetic Appeal/Appearance || 2 || The mother of the family is into art and design, thereby providing the set standards of a home which looks at worse decent. She is willing to compromise this somewhat however as great aesthetic appeal may also come at great costs ||
 * **Lowest Rank Criterion** || Appreciation/ Land Value || 1 || As this is their first home, the priority of this is not extremely important but they would still like the property to rise in value within the future. Land is the most important aspect of this appreciation as the value of the house itself will only decrease. ||


 * A Capell**


 * || **Name** || **Weight** || **Reasons for Ranking** ||
 * **Highest Rank Criterion** || Cost || 5 || Wants a cheap car because he needs to spend money on other items ||
 * **Medium Rank Criterion** || Fuel Efficiency || 4 || Will have to drive children around, wants to use minimal petrol ||
 * **Medium Rank Criterion** || Safety || 3 || Wants his children to be safe ||
 * **Medium Rank Criterion** || Maintenance || 2 || If repairs need to be made he doesn't want them to be overly expensive ||
 * **Lowest Rank Criterion** || Aesthetic || 1 || He doesn't really care about the aesthetic nature of the car and instead focuses on the operational capacity ||


 * Nick C**


 * || **Name** || **Weight** || **Reasons for Ranking** ||
 * **Highest Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Lowest Rank Criterion** ||  ||   ||   ||


 * Ramesh C**


 * || **Name** || **Weight** || **Reasons for Ranking** ||
 * **Highest Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Lowest Rank Criterion** ||  ||   ||   ||


 * Alexander C**


 * || **Name** || **Weight** || **Reasons for Ranking** ||
 * **Highest Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Lowest Rank Criterion** ||  ||   ||   ||


 * Geoff D**


 * || **Name** || **Weight** || **Reasons for Ranking** ||
 * **Highest Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Lowest Rank Criterion** ||  ||   ||   ||


 * Alex H**


 * || **Name** || **Weight** || **Reasons for Ranking** ||
 * **Highest Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Lowest Rank Criterion** ||  ||   ||   ||


 * Alister H**


 * || **Name** || **Weight** || **Reasons for Ranking** ||
 * **Highest Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Lowest Rank Criterion** ||  ||   ||   ||


 * Jordan I**


 * || **Name** || **Weight** || **Reasons for Ranking** ||
 * **Highest Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Lowest Rank Criterion** ||  ||   ||   ||


 * Joseph K**

Younger Age Group (20-25)
 * || **Name** || **Weight** || **Reasons for Ranking** ||
 * **Highest Rank Criterion** || Affordibility || 5 || Price is important if the student is on a low income. ||
 * **Medium Rank Criterion** || Proximity to University || 4 || Distance from university is important, decides whether the person needs a car or not. ||
 * **Medium Rank Criterion** || Proximity to the city/other social centres || 3 || Important for most students, distance from friends and other social centres is important for leisure time. ||
 * **Medium Rank Criterion** || Utilitys Provided || 2 || What utilitys are available for the young person is important, as this can make or break the housing decision. ||
 * **Lowest Rank Criterion** || Condition/Livability || 1 || Not as important, how livable an apartment is can be important for some students. ||

Older Age Group (26-30)
 * || **Name** || **Weight** || **Reasons for Ranking** ||
 * **Highest Rank Criterion** || Family Friendly || 5 || people at these ages begin to settle down and get ready for family life. Therefore, family friendly accomodation is important to this older age group. ||
 * **Medium Rank Criterion** || Affordability || 4 || Price is a very serious determining factor in a housing decision, and the option should fit the persons income (in this case, $100 000 per annum). ||
 * **Medium Rank Criterion** || Number of Rooms || 3 || Room space is also a determining factor in this decision. ||
 * **Medium Rank Criterion** || Proximity to parks/schools/other family places || 2 || Schools and parks are important for familys, etc. ||
 * **Lowest Rank Criterion** || Yardsize || 1 || Backyards can make or break a housing option. ||


 * Jordan L**


 * || **Name** || **Weight** || **Reasons for Ranking** ||
 * **Highest Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Lowest Rank Criterion** ||  ||   ||   ||


 * Ethan L**


 * || **Name** || **Weight** || **Reasons for Ranking** ||
 * **Highest Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Lowest Rank Criterion** ||  ||   ||   ||


 * Asa M**


 * || **Name** || **Weight** || **Reasons for Ranking** ||
 * **Highest Rank Criterion** || COST || 5 || Cost is ranked the highest because the 18 year old is on a limited budget so the cost of the card and other fees are very important ||
 * **Medium Rank Criterion** || MAINTENENCE || 4 || All prepaid credit cards require a fee just to buy the card but there are also other costs that would need to be payed for example, reloading the card, checking account balance, withdrawal (ATM's), international fees. maintenance is almost on par with costs so is weighted slightly lower than costs ||
 * **Medium Rank Criterion** || EASE OF ACCESS || 3 || Although some prepaid credit cards may be very affordable, some cards require a 100 point identification check for example the Woolworths everyday money re-loadable, where as some cards you only need to buy the card and your good to go. Ease of access also include reloading options for example, the canvas card only lets you re-load your card by "YAP" or at selected new agencies and post offices. Very important for example if there is a good card that is of good value but you can only load it at one store, its useless, so weighted third ||
 * **Medium Rank Criterion** || BENEFITS || 2 || Some cards have multiple benefits for example buyer protection etc. while most companies allow some sort of protection, some are better and some are worst so BENEFITS weighted fourth ||
 * **Lowest Rank Criterion** || ON GOING COSTS || 1 || On going costs refers to lost cards, replacement cards, renewal of cards etc. Some cards charge a very expensive fee if you lose your card however is not so important so is weighted the lowest ||


 * James M**


 * || **Name** || **Weight** || **Reasons for Ranking** ||
 * **Highest Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Lowest Rank Criterion** ||  ||   ||   ||


 * Johnny P**


 * || **Name** || **Weight** || **Reasons for Ranking** ||
 * **Highest Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Lowest Rank Criterion** ||  ||   ||   ||


 * Patrick P**


 * || **Name** || **Weight** || **Reasons for Ranking** ||
 * **Highest Rank Criterion** || Location || 5 || Location is the most important criteria as Bruce wants to live relatively close to his work for his new carreer job. The main reason for moving into town is to get away from traffic, less travelling, more time, etc. ||
 * **Medium Rank Criterion** || Price || 4 || Price is important as Bruce is starting his new carreer job and therefore usually indicates that he needs to budget with his income. ||
 * **Medium Rank Criterion** || Luxury || 3 || The luxury/size is still an important criteria. The comfort in the unit shows the satisfaction of the features for it's cost. ||
 * **Medium Rank Criterion** || Size || 2 || The size is relatively important in the future as Bruce may want cell mates or his partner to move in. ||
 * **Lowest Rank Criterion** || Value of Property || 1 || Because Bruce is renting the property, the value of the property would'nt much effect however, it may concern him if the value of the property increases and therefore increase the rent. ||


 * Max R**


 * || **Name** || **Weight** || **Reasons for Ranking** ||
 * **Highest Rank Criterion** || Cost || 3 || As the saver is an 18 year old male having less expenses is his main want. ||
 * **Medium Rank Criterion** || Interest Rate || 2 || The interest rate on his money is the next most important want. ||
 * **Lowest Rank Criterion** || Additional Benefits || 1 || This is the lowest ranked as it is the least important want for the 18 y.o. ||


 * Galton S**


 * || **Name** || **Weight** || **Reasons for Ranking** ||
 * **Highest Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Lowest Rank Criterion** ||  ||   ||   ||


 * Phillip S**


 * || **Name** || **Weight** || **Reasons for Ranking** ||
 * **Highest Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Lowest Rank Criterion** ||  ||   ||   ||


 * Gavin S**
 * || **Name** || **Weight** || **Reasons for Ranking** ||
 * **Highest Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Medium Rank Criterion** ||  ||   ||   ||
 * **Lowest Rank Criterion** ||  ||   ||   ||