Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exam 1 MGMT 5315 The total available points are 100. 2. A company is deciding between 2 foreign firms to provide its call center services.

Exam 1 MGMT 5315 The total available points are 100. 2. A company is deciding between 2 foreign firms to provide its call center services. A factor-rating method is used. Factors are rated on a scale of 1-10, with 1 being the best score. (Total 10 Points) A: If the factors are weighted equally (respective weights of .3333), which firm is preferred? (5 Points) B: Suppose a consultant recommended that Factor 2 be three times as important as Factor 1, while Factor 3 should be four times as important as Factor 1. Using the weighted method, what is the factorrating scorer for each firm and which firm is preferred? (Round your weights to the third decimal place.) (5 Points) Firm A B Factor 1 8 4 Factor 2 7 8 Factor 3 5 7 A. Firm A FR = 8*.333+7*.333+5*.333 = 6.667 Firm B FR = 4*.333+8*.333+7*.333 = 6.327 Weight Factor 1 1 Factor 2 3 Factor 3 4 B. Firm A WFR = (8*1+7*3+5*4)/8 = 6.125 Firm B WFR = (4*1+8*3+7*4)/8 = 7.000

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

Step: 3

blur-text-image

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

Management Fundamentals

Authors: Robert N. Lussier

4th Edition

0324569645, 978-0324569643

More Books

Students also viewed these General Management questions