Question $3$

A Chemical company is trying to decide which of the following transport methods would be the best one for them to use. Talking to the managers, the decision analyst has been able to give the following values to each method following the three criteria of availability, environment and delivery time.

The managers have also added that they consider availability to be the most important criteria. Delivery time they consider the second most and environmental impact the third. But they do not see much difference between the three of them. Using this information estimate a weight for each criteria and calculate which option offers the most value points.

Attribute

Form of Transport

Bange

Sea Tanker

Road

Rail

Road and Rail

Weights

Availability

$0$

$70$

$100$

$90$

$80$

Environment

$90$

$100$

$0$

$80$

$60$

$60$

Deliveny Time

$0$

$20$

$100$

$85$

$50$

The following are the monthly costs. Use this information to determine the best option for the company.

Form of Transport

Monthly Cost

Barge

$28,000$

Sea Tanker

$20,000$

Road

$45,000$

Rail

$40,000$

Road and Rail

$44,000$