The additive weighting model is a decision tool that aggregates information from different independent criteria to arrive
Question:
The general form of the model is
Consider Table P14-14 (p. 595) in view of these definitions and determine the value of each "?" shown.
Transcribed Image Text:
Irt oj x where V the score of the jth alternative; w-the weight assigned to the ith decision attribute (1 ism ijthe rating assigned to the ith attribute, which reflects the performance of alternative j relative to maximum attainment of the attribute TABLE P14-14 Data for Problem 14-14 Alternative j Keep Purchase Existing a New Machine Machine Tool 1.0 1.8 i w Rank Decision Factor Tool 10 24 Flexibility in types of jobs scheduled 3 08 2 Ease of training and operation 40.7 Time savings per part produced Annual cost of ownership Rank Rank Rank Rank capital recovery cost) 0.7 1.0 0.5 2 0.7 2.69 1.0 2.30 V, (normalized) 1.00
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (6 reviews)
i Wi Rank 1 10 1 2 4 3 08 2 4 07 By inspection Ranki43 10 V 2 23 10 07 W 2 1...View the full answer
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Engineering Economy
ISBN: 978-0132554909
15th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Question Posted:
Students also viewed these Finance questions
-
A mortgage company advertises that their 6% APR is an effective annual rate of 6.58% with monthly payments and compounding. Let's assume this is made possible by paying points on a mortgage (one...
-
Each fall the Draperton Parks and Recreation Department holds a series of tryouts for its boys' and girls' youth basketball leagues. All leagues are formed by age group, each usually encompassing a...
-
You are Alexis, the director of external affairs for a national not-for-profit medical research center that does research on diseases related to aging. The center's work depends on funding from...
-
For the following exercises, find the inverse of the functions. f(x): || 3 x-4
-
RMC, Inc., is a small firm that produces a variety of chemical products. In a particular production process, three raw materials are blended (mixed together) to produce two products: a fuel additive...
-
Describe how organizations use assessment of personality type, work behaviors, and job performance to plan employee development.
-
6. Develop a spreadsheet model of the cost of a virus attack in an organization that has three types of computers: employee workstations, data servers, and Web servers. Assume the number of computers...
-
On January 1, 2010, Travers Company acquired 90 percent of Yarrow Companys outstanding stock for $720,000. The 10 percent noncontrolling interest had an assessed fair value of $80,000 on that date....
-
For finance
-
1. If Amanda and David wanted to transfer the ownership of all 5 policies to Paws and Claws today through an absolute assignment, calculate the total amount of their donation receipt they would be...
-
Consider the data from Problem 14-10. The purchasing department requires that non-dimensional scaling be applied to make their decision. Rate the individual attributes using Equations (14-1) and...
-
Refer to Example 14-1. Mary Jones has been enlightened at a recent seminar and now rates hypnosis as her highest choice of anesthesia. The remaining anesthesia methods retain their relative order,...
-
Psychological Measurement Essay questions 1) You are designing a test to help teachers identify students in the 2nd grade who are struggling with writing. Provide a definition of reliability and give...
-
IRIS Ratio Analysis Spreadsheet Using the information presented below, calculate the ratios requested in the IRIS ratio section. All of your answers should be in percentage-format. Note that the...
-
https://www.youtube.com/watch?v=jQbXao0mQ1M 1. Identify the cultural misunderstandings that occurred during Kenichi Takahashi's meeting with Rob, Ella, and Stephanie. Explain and support your...
-
Using what you know of groups and teams, how do you get your teams back on track with Pat? What actions do you need to take as a leader to minimize/repair the negative impact Pat's has had on the...
-
The demand function for a certain product is given by p = 3000 2x + 100 (0 x 10) where x (measured in units of a thousand) is the quantity demanded per week and p is the unit price in dollars. Sketch...
-
QUESTION 4 Dr. Martin Luther King's Speech where he proclaimed, "Free at last! Free at last!" is an example of O A. Impromptu O B. Dissolving OC. Prepared D. Reference E.Planned Speaking Wording...
-
Solve Problems 1316 for x to three decimal places. 10 x = 130.6
-
Before the latest financial crisis and recession, when was the largest recession of the past 50 years, and what was the cumulative loss in output over the course of the slowdown?
-
The following temperatures (in oF) were recorded inside the building of a remote pumping station: 99, 87, 93, 90, and 96. The variance of these readings is closest to: (a) 11.7 (b) 22.5 (c) 31.1 (d)...
-
In a table of two-digit random numbers, the probabilities of 0.16 to 0.20 can be represented by the numbers: (a) 16 to 20 (b) 0 to 4 (c) 1 to 5 (d) 15 to 19
-
The shipping costs for fresh fruit items have been estimated and assigned the probabilities shown below. The expected value of the shipping costs is closest to: (a) $36.33 (b) $39.21 (c) $41.28 (d)...
-
How do warehouses and distribution centers differ? What is cross-docking and why might a company choose to cross-dock a product? What kinds of products can be delivered electronically? What kinds...
-
Strawberry Inc. has historically been an all-equity firm. The analyst expects EBIT to be $1.5B in perpetuity starting one year from now. The cost of equity for the company is 11.5% and the tax rate...
-
Guzman company received a 60- day, 5 % note for 54,000 dated July 12 from a customer on account. Determine the due date on note. Determine the maturity value of the note and journalize the entry of...
Study smarter with the SolutionInn App