Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Choose the best car by considering Price, Speed and Reliability criteria. Use AHP method for your computations. Answer all questions below. 1) Calculate priority vector

image text in transcribed

Choose the best car by considering Price, Speed and Reliability criteria. Use AHP method for your computations. Answer all questions below. 1) Calculate priority vector for Criteria matrix. 2) Calculate the Consistency Ratio for Criteria matrix. 3) Calculate priority vector for Price, matrix. 4) Calculate the Consistency Ratio for Price matrix. 5) Calculate priority vector for Speed matrix. 6) Calculate the Consistency Ratio for Speed matrix. 7) Calculate priority vector for Reliability matrix. 8) Calculate the Consistency Ratio for Reliability matrix. 9) Which car will you select? Why? Price Criteria Price Speed Reliability 1 1/3 4 Speed 3 1 5 Reliability 1/4 1/5 1 Car-1 1 Price Car-1 Car-2 Car-3 Car-1 1 1/2 1/4 Car-2 Car-3 2 4 1 1 1 1 Speed Car-1 Car-2 Car-3 Car-2 4 1 1/6 Car-3 9 6 Reliability Car-1 Car-2 Car-1 1/4 Car-2 4 1 Car-3 7 4 Car-3 1/7 1/4 1 1/4 1/9 1 RI: 1 6 2 3 4 5 7 8 0.00 0.00 0.58 0.90 1.12 1.241.32 1.41 9 10 11 12 1.45 1.49 1.51 1.48 13 14 15 1.56 1.57 1.59 Choose the best car by considering Price, Speed and Reliability criteria. Use AHP method for your computations. Answer all questions below. 1) Calculate priority vector for Criteria matrix. 2) Calculate the Consistency Ratio for Criteria matrix. 3) Calculate priority vector for Price, matrix. 4) Calculate the Consistency Ratio for Price matrix. 5) Calculate priority vector for Speed matrix. 6) Calculate the Consistency Ratio for Speed matrix. 7) Calculate priority vector for Reliability matrix. 8) Calculate the Consistency Ratio for Reliability matrix. 9) Which car will you select? Why? Price Criteria Price Speed Reliability 1 1/3 4 Speed 3 1 5 Reliability 1/4 1/5 1 Car-1 1 Price Car-1 Car-2 Car-3 Car-1 1 1/2 1/4 Car-2 Car-3 2 4 1 1 1 1 Speed Car-1 Car-2 Car-3 Car-2 4 1 1/6 Car-3 9 6 Reliability Car-1 Car-2 Car-1 1/4 Car-2 4 1 Car-3 7 4 Car-3 1/7 1/4 1 1/4 1/9 1 RI: 1 6 2 3 4 5 7 8 0.00 0.00 0.58 0.90 1.12 1.241.32 1.41 9 10 11 12 1.45 1.49 1.51 1.48 13 14 15 1.56 1.57 1.59

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: LibbyShort

7th Edition

78111021, 978-0078111020

More Books

Students also viewed these Accounting questions

Question

Explain the factors affecting dividend policy in detail.

Answered: 1 week ago

Question

Explain walter's model of dividend policy.

Answered: 1 week ago