M Inbox |$ Dashb |MyCh | New [ |C Login | MyCh |C (5) AL| (2 unr | (on) Chapt C (5) AL C Get H |C (5) AL| Exerci Enter Self Scam) O X + X File | C:/Users/marie/Downloads/Questions.pdf 2 of 2 Q +2 0 Page view | A Read aloud | Draw " Highlight Erase 11 6 The decision analyst then asked the managers to imagine a site which had the worst visual impact, the most difficult transport requirements and the highest level of risk. He then asked them if they had a chance of switching from this site to one which had just one of the benefits at its best value, which BUS 606 Fall 2021 would they choose? The managers agreed that they would move to a site offering the least risk of contamination. A move to a site with the best visual impact was considered to be 80% as preferable as this, while a move to one with the most convenient transport facilities was 70% as preferable. a. Can we conclude from the values which were assigned to the different sites for visual impact that, in terms of visual impact, the Inston Common site is five times preferable to Red Beach? If not, what can we infer from the figures? b. Assuming that mutual preference independence exists between the attributes, determine the value of aggregate benefits for each site. C. Plot the aggregate benefits and costs of each site on a graph and hence identify the sites which lie on the efficient frontier. d. Although a weight of 80 was finally agreed for visual impact, this was only after much debate and some managers still felt that a weight of 65 should have been used while others thought that 95 would have been more appropriate. Perform a sensitivity analysis on the weight assigned to visual impact to examine its effect on the aggregate benefits of the sites and interpret your results. Type here to search 7:52 AM O Ei A 11/6/2021