Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ranga Ramasesh is the operations manager for a firm that is trying to decide which one of four countries it should research for possible outsourcing

Ranga Ramasesh is the operations manager for a firm that is trying to decide which one of four countries it should research for possible outsourcing providers. The first step is to select a country based on cultural risk factors, which are critical to eventual business success with the provider. Ranga has reviewed outsourcing provider directories and found that the four countries in the table below have an ample number of providers from which they can choose. To aid in the country selection step, he has enlisted the aid of a cultural expert, John Wang, who has provided ratings of the various criteria in the table below.
The resulting ratings are on a 1 to 10 scale, where 1 is a low risk and 10 is a high risk. Further, John Wang has determined six criteria weightings. Trust, with a weight of 0.40 ; Quality, with 0.20 ; Religious, with 0.10 ; Individualism, with 0.10 ; Time, with 0.10 ; and Uncertainty, with 0.10. Using the weighted factor-rating method, which country should Ranga select?
In the following table, compute the total weighted score for each candidate (enter each response as a decimal rounded to one place).
\table[[Selection Criterion,Weight,Mexico,Panama,Costa Rica,Peru],[Trust,0.40,4,1,3,2],[Society value of quality work,0.20,4,3,4,5],[Religious attitudes,0.10,3,3,3,5],[Individualism attitudes,0.10,2,2,1,1],[Time orientation attitudes,0.10,4,6,7,3],[Uncertainity avoidance attitude,0.10,3,2,4,2],[Total Weighted Score:,,,,,
image text in transcribed

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_2

Step: 3

blur-text-image_3

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

Supply Chain Management Strategy Planning and Operation

Authors: Sunil Chopra, Peter Meindl

6th edition

133800202, 978-0133800203

More Books

Students also viewed these General Management questions