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Problem 4. The Eagle Insurance Company is considering opening a new office in Virginia. The two locations under consideration are Richmond and Arlington. The managers
Problem 4. The Eagle Insurance Company is considering opening a new office in Virginia. The two locations under consideration are Richmond and Arlington. The managers have identified 5 factors that should be considered in decision making. Each location is assigned a score between 0 and 100 points on each factor. Higher scores are better. The scores are provided in the table below. Factor Customer convenience Bank accessibility Computer support Rental costs Labor costs Richmond Arlington 70 80 40 90 85 75 90 55 80 50 a) When factor weights are 0.25, 0.20, 0.20, 0.25, and 0.10 for customer convenience, bank accessibility, computer support, rental costs, and labor costs, respectively, then which location is chosen by the factor-weighting (factor rating) method? b) When factor weights are 0.40, 0.20, 0.10, 0.20, and 0.10 for customer convenience, bank accessibility, computer support, rental costs, and labor costs, respectively, then which location is chosen by the factor-weighting (factor rating) method
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