Question
Using the multi criteria decision analysis, decide which camera you will purchase based on the information provided in the table below. 45. What is the
Using the multi criteria decision analysis, decide which camera you will purchase based on the information provided in the table below.
45. What is the formula that needs to be used for non-beneficial criteria?
Weight | 25% | 25% | 25% | 25% | |
Criteria | Cost | Storage | Camera | Battery | |
Alternative | Canon | $ 1300 | 64GB | 12MP | 3 |
Nikon | $ 900 | 100GB | 12MP | 5 | |
Olympus | $ 1100 | 120GB | 9MP | 5 | |
Sony | $ 500 | 30GB | 6MP | 4 |
| a. | Min (Xij)/Xij | |
| b. | Xij/Min (Xij) | |
| c. | Xij/Max (Xij) | |
| d. | Max (Xij)/ Xij |
QUESTION 46
What is the calculated performance score of Olympus?
| a. | 0.65 | |
| b. | 0.84 | |
| c. | 0.8 | |
| d. | 0.9 |
QUESTION 47
Which brand has the best performance based on the calculations performed using the multi criteria decision analysis?
| a. | Canon | |
| b. | Nikon | |
| c. | Olympus | |
| d. | Sony |
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
