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OIE 542 2020a (1) - Google Docs X + X docs.google.com/document/d/14F6_RuEEpj4jnOBHB4uz-P7L50WzUpLI3CsQv5IMGaU/edit# OORTAS OIE 542 2020a (1) * 9 6 Share File Edit View Insert Format Tools Add-ons Help Last edit was 4 hours ago 100% Normal text Times New... 12 Editing 1 1 5 . 3. (20 points) Andrea is house hunting with her husband, Bill. They are both 28 years old, OIE 542 RISK MANAGEMENT ... have no children, and have a combined income of $110,000 per year. After looking at over 50 houses, they have narrowed their choices down to 4 located in the towns of Maynard, Stow, Hudson, and Bolton. The parameters that are important to them are commute, price, school system, and availability of good local Chinese food. After much soul-searching and discussion, they are able to construct the following table rating each option on each attribute (for Schools and Chinese Food, the ratings are on a subjective 0-10 scale; 10 is best and 0 is worst) Maynard Stow Hudson Bolton Commute (miles): 12 18 25 Price: $325,000 $425,000 $350,000 $525,000 Schools: 5 7 4 7 Chinese Food: 6 8 8 6 Andrea and Bill feel that $200,000 would be a terrific price for a home while $750,000 would be terrible; they also feel that a 50-mile commute would stink but a 1-mile commute would be wonderful. Use the SMART technique to determine which house Andrea and Bill should buy, given the following relative weights: Commute: 15, Price: 20, Schools: 10, Chinese Food: 25 4. (30 points) Six months before its annual convention, the American Medical Association must determine how many rooms to reserve. At this time the AMA can reserve rooms at the swanky Acme Hotel at a cost of $275 per room. The AMA must pay the $275 room + Type here to search O Ei 3:49 PM 6/11/2020 73