Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mr. Sanchez is trying to decide among three job offers via considering the three objectives. First, of course, is to maximize disposable income the amount

Mr. Sanchez is trying to decide among three job offers via considering the three objectives. First, of course, is to maximize disposable income the amount left after paying for housing, utilities, taxes, and other necessities. Second, he likes cold weather and enjoys winter sports. The third objective relates to the quality of the community. Being single, Mr. Sanchez would like to live in a city with many activities and a large population of single professionals. Here are descriptions of the three job offers: MPR Manufacturing in Arizona. Disposable income estimate: $1600 per month. Snowfall range: 150 to 320 cm per year. Magazine score for evaluate quality of the community: 50 (out of 100). 2 Madison Publishing in Minnesota. Disposable income estimate: $1300 to $1500 per month. Snowfall range: 100 to 400 cm per year Magazine score for evaluate quality of the community: 75. (out of 100). Pandemonium Pizza in California. Disposable income estimate: $1200 per month. Snowfall range: almost none, Magazine score for evaluate quality of the community: 95. (out of 100). Mr. Sanchez has already created the decision tree given below to represent the problem. Assume that income criteria have a weight of 0.50 and the others are equally important. Calculate the overall score for each alternative by using trade-off analysis.

image text in transcribed

Disposable Income Snowfall (cm) 100 (0.15) 200 (0.70) $1500 (0.60) 400 (0.15) Madison Publishing 100 (0.15) 200 (0.70) $1300 (0.40) 400 (0.15) 150 (0.15) MPR Manufacturing 230 (0.70) 320 (0.15) Pandemonium Pizza

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

Financial Management For Public, Health, And Not-for-Profit Organizations

Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell

6th Edition

150639681X, 978-1506396811

More Books

Students also viewed these Finance questions