5) Fernando is looking to buy a new house. The attributes and the corresponding values for...
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5) Fernando is looking to buy a new house. The attributes and the corresponding values for his top three houses are described in the table below. Which of the statements below is correct? Attributes Alternative Alternative I Price Outside view (10-best, 9 0-worst) $220,000 Distance From work in 11 miles Good II $270,000 8 21 Neighborhood a) None of the alternatives dominates another. b) Alternative II dominates Alternative III, but not I c) Alternative II dominates Alternatives I and III. d) Alternative I dominates Alternative II, but not III. e) Alternative I dominates Alternatives II and III. f) Alternative III dominates Alternative II, that not I. g) Alternative III dominates Alternatives I and II. Fair Alternative III $320,000 7 36 Excellent 6) Fernando is looking to buy a new house. The attributes and the corresponding values for his top three houses are described in the table below. Which of the alternatives would be eliminated using the satisficing method? Attributes Price Outside View (10-best, 0- worst) Alternative I $220,000 9 from 11 Distance work in miles Neighborhood Good Alternative II $270,000 8 21 Fair a) Alternatives I and II b) Alternative III c) Alternative I d) Alternatives I and III e) All alternatives would be eliminated. f) Alternatives II and III g) Alternative II h) None would eliminated. Alternative III $320,000 7 36 Excellent Min Acceptable 5 Fair Max Acceptable $300,000 25 11) (NOTE: ENTER YOUR ANSWER AS A NUMBER rounded to 2 decimal places, for instance as 7.89) DO NOT ROUND IN YOUR CALCULATION STEPS (USE CALCULATOR MEMORY FUNCTIONS) You need to decide which doctor to pick. The table below shows scores for each attribute already converted to common [0, 1] scale. Note that only scores for Dr. Chopra are being shown, the scores for the other two doctors are left blank. Calculate the weighted combined score for Dr. Chopra, by first calculating the weight for each attribute, and then calculating the weighted average score. To determine the weights, use the following ranking attribute values that were assigned based on the importance of each attribute: Reputation 10, Appointment Fee 7, Distance 4. Please make sure the weights sum to 1. What is the weighted combined score for Dr. Chopra? Attributes Dr. A Dr. B Dr. Chopra 0.26 0.77 0.94 ? Reputation Appointment Fee Distance Combined Weighted Score Answer: (Need Step by Step Solution) 12) (NOTE: ENTER YOUR ANSWER AS A NUMBER rounded to 2 decimal places, for instance as 7.89) DO NOT ROUND IN YOUR CALCULATION STEPS (USE CALCULATOR MEMORY FUNCTIONS) You are a hiring manager that needs to choose one of the three candidates, with the attributes as described in the table below. For the candidate with the name Siri, calculate the total combined score for all three attributes, converting each attribute score to a number ranging from 0 to 1, with 1 being the most desirable and O being the least desirable. Use the same procedure as was outlined in chapter 14 to bring all three attributes to a common scale (0,1). Assume the following initial scores for customer service skills: Excellent - 4, Good -3, Fair - 2, Poor - 1. What is Siri's combined, unweighted score, indicated by a question mark in the table? Attributes Salary Demand Years Experience Customer Service Combined common-scale score Answer: (Need Step by Step Solution) Alexa 30,000 2 Siri 60,000 6 Excellent Good ? chloe 90,000 4 Good (7) Fernando is looking to buy a new house. The attributes and the corresponding values for his top three houses are described in the table below. Which of the alternatives would be left as the winner if the following decision methods are employed to eliminate alternatives? Use dominance, disjunctive resolution, and satisficing to eliminate alternatives. Attributes Alternative I $220,000 Price Outside view 9 (10-best, 0- worst) Distance from 11 work in miles Neighborhood Good Alternative c) Alternative II d) Alternative III II $270,000 8 21 Alternative III $320,000 7 36 Fair a) No single alternative would be a clear winner. b) Alternative I Excellent Min Acceptable 5 Fair Max Acceptable $300,000 25 5) Fernando is looking to buy a new house. The attributes and the corresponding values for his top three houses are described in the table below. Which of the statements below is correct? Attributes Alternative Alternative I Price Outside view (10-best, 9 0-worst) $220,000 Distance From work in 11 miles Good II $270,000 8 21 Neighborhood a) None of the alternatives dominates another. b) Alternative II dominates Alternative III, but not I c) Alternative II dominates Alternatives I and III. d) Alternative I dominates Alternative II, but not III. e) Alternative I dominates Alternatives II and III. f) Alternative III dominates Alternative II, that not I. g) Alternative III dominates Alternatives I and II. Fair Alternative III $320,000 7 36 Excellent 6) Fernando is looking to buy a new house. The attributes and the corresponding values for his top three houses are described in the table below. Which of the alternatives would be eliminated using the satisficing method? Attributes Price Outside View (10-best, 0- worst) Alternative I $220,000 9 from 11 Distance work in miles Neighborhood Good Alternative II $270,000 8 21 Fair a) Alternatives I and II b) Alternative III c) Alternative I d) Alternatives I and III e) All alternatives would be eliminated. f) Alternatives II and III g) Alternative II h) None would eliminated. Alternative III $320,000 7 36 Excellent Min Acceptable 5 Fair Max Acceptable $300,000 25 11) (NOTE: ENTER YOUR ANSWER AS A NUMBER rounded to 2 decimal places, for instance as 7.89) DO NOT ROUND IN YOUR CALCULATION STEPS (USE CALCULATOR MEMORY FUNCTIONS) You need to decide which doctor to pick. The table below shows scores for each attribute already converted to common [0, 1] scale. Note that only scores for Dr. Chopra are being shown, the scores for the other two doctors are left blank. Calculate the weighted combined score for Dr. Chopra, by first calculating the weight for each attribute, and then calculating the weighted average score. To determine the weights, use the following ranking attribute values that were assigned based on the importance of each attribute: Reputation 10, Appointment Fee 7, Distance 4. Please make sure the weights sum to 1. What is the weighted combined score for Dr. Chopra? Attributes Dr. A Dr. B Dr. Chopra 0.26 0.77 0.94 ? Reputation Appointment Fee Distance Combined Weighted Score Answer: (Need Step by Step Solution) 12) (NOTE: ENTER YOUR ANSWER AS A NUMBER rounded to 2 decimal places, for instance as 7.89) DO NOT ROUND IN YOUR CALCULATION STEPS (USE CALCULATOR MEMORY FUNCTIONS) You are a hiring manager that needs to choose one of the three candidates, with the attributes as described in the table below. For the candidate with the name Siri, calculate the total combined score for all three attributes, converting each attribute score to a number ranging from 0 to 1, with 1 being the most desirable and O being the least desirable. Use the same procedure as was outlined in chapter 14 to bring all three attributes to a common scale (0,1). Assume the following initial scores for customer service skills: Excellent - 4, Good -3, Fair - 2, Poor - 1. What is Siri's combined, unweighted score, indicated by a question mark in the table? Attributes Salary Demand Years Experience Customer Service Combined common-scale score Answer: (Need Step by Step Solution) Alexa 30,000 2 Siri 60,000 6 Excellent Good ? chloe 90,000 4 Good (7) Fernando is looking to buy a new house. The attributes and the corresponding values for his top three houses are described in the table below. Which of the alternatives would be left as the winner if the following decision methods are employed to eliminate alternatives? Use dominance, disjunctive resolution, and satisficing to eliminate alternatives. Attributes Alternative I $220,000 Price Outside view 9 (10-best, 0- worst) Distance from 11 work in miles Neighborhood Good Alternative c) Alternative II d) Alternative III II $270,000 8 21 Alternative III $320,000 7 36 Fair a) No single alternative would be a clear winner. b) Alternative I Excellent Min Acceptable 5 Fair Max Acceptable $300,000 25
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Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
Posted Date:
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