Question
You are in charge of analyzing three new suppliers of an important raw material and have been given the criteria shown here. Management has decided
You are in charge of analyzing three new suppliers of an important raw material and have been given the criteria shown here. Management has decided that criteria 2 and 3 are equally important and that criteria 1 and 4 are each four times as important as criterion 2.
Performance Criterion
1.Quality of raw material
2.Environmental impact
3.Responsiveness to order changes
4.Cost of raw material
- If we were to assign weights that would add up to 100 total, what should be the weights given to each criterion? Answer with the four weights, each divided with a comma.
- You are in charge of analyzing three new suppliers of an important raw material and have been given the information shown in the table (1 = worst, 10 = best).
Using the weights determined above, what would be the total weighted score of supplier A?
Performance Criterion Supplier A
Quality of raw material 7
Environmental impact 5
Responsiveness to order changes 5
Cost of raw material 5
3.. Using the weights determined above, what would be the total weighted score of supplier B?
Performance Criterion Supplier B
Quality of raw material 4
Environmental impact 9
Responsiveness to order changes 8
Cost of raw material 3
4.. Using the weights determined above, what would be the total weighted score of supplier C?
Performance Criterion Supplier C
Quality of raw material 6
Environmental impact 4
Responsiveness to order changes 4
Cost of raw material 8
5.. You have analyzed the three new suppliers of an important raw material above. No more than two new suppliers are required, but each new supplier must exceed a total score of 70 percent of the maximum total points to be considered. Which new supplier(s) would you recommend?
6.. Which supplier(s) would you recommend if the criteria were considered equally important?Hint: Assign weights for each supplier in equal amount, adding up to 100 total, and redo the analysis.
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