Scoring Techniques

Scoring techniques are methods used to evaluate and rank options or candidates based on their performance or characteristics. They involve assigning numerical values or categories to different factors, which are then combined to produce an overall score. This helps decision-makers compare alternatives objectively, identify strengths and weaknesses, and select the best option. Examples include credit scoring for loan approvals or job scoring based on skills. These techniques bring consistency and transparency to decision-making by quantifying qualitative data, making complex assessments easier to interpret and act upon.