Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The MoonStore is a start-up jewelry company that produces only unique products basedoncustomer'sowndesignandmaterialstheypreferred.Thecompanyreceived funding of $100,000 from investors and decided to open a new office
- The MoonStore is a start-up jewelry company that produces only unique products basedoncustomer'sowndesignandmaterialstheypreferred.Thecompanyreceived funding of $100,000 from investors and decided to open a new office in New York City. The two locations under consideration are the Upper East side and Upper West side. 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 | UpperEast side | UpperWestside |
Customerconvenience | 70 | 80 |
Bankaccessibility | 40 | 90 |
Computersupport | 85 | 75 |
Rentalcosts | 90 | 55 |
Laborcosts | 80 | 50 |
- When factor weights are 0.25, 0.20, 0.20, 0.25, and 0.10 for customer convenience,bankaccessibility,computer support,rentalcosts, andlaborcosts, respectively,thenwhich location is chosen by the factor-weighting (factor rating) method?
- When factor weights are 0.40, 0.20, 0.10, 0.20, and 0.10 for customer convenience,bankaccessibility,computer support,rentalcosts, andlaborcosts, respectively,thenwhich location is chosen by the factor-weighting (factor rating) method?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started