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: 40% (5 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...
-
Hasan holds 100% of the shares in Behmoth Ltd and he is also a director of Lion Ltd. All of the shares in Lion Ltd are held by Singa Ltd. Required Determine the related party relationships for each...
-
What is a nation-state, and how is it an imagined community?
-
Rossman Instruments, Inc., is considering leasing new state-of-the-art machinery at an annual cost of $900,000. The new machinery has a fouryear expected life. It will replace existing machinery...
-
On Jan, 1, 20X1 ABC Corp sold equipment with a cost of P20,000,000 and accumulated depreciation of P7,000,000 in exchange for cash of P500,000 and non-interest bearing note receivable of P8,000,000...
-
The management of the just Like Home restaurant has asked you to analyze some of its processes. One of these processes is making a single-scoop ice cream cone. Cones can be ordered by a server (for...
-
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,...
-
What do you understand by the term business strategy? Explain why different types of business will see strategic management in different ways? Give examples.
-
Q.2. For a point-to-point link of length 30 km, at what value of link transmission rate (in Mbps or Megabits-per-sec) would the link propagation delay (at a speed of 2 108 m/sec) equal the...
-
Create C++ programs to replicate these two UNIX(UBUNTU) commands. TYPE generates output and prints it to standard out and CAT that processes information given to it on standard input: TYPE CAT
-
15 Following are some transactions and events of Business Solutions. February 26 The company paid cash to Lyn Addie for eight days' work at $120 per day. March 25 The company sold merchandise with a...
-
How to store text file data into a dictionary in JavaScript? I have having an issue with that part. In the text file, there's an english term and the spanish translations of the word. The dictionary...
-
what is one of the disadvantages of incorporating continual improvement as a facility management goal.
-
This is the technology that makes it possible for a Java application to communicate with a DBMS. a. DBMSC b. JDBC c. JDBMS d. JDSQL
-
Difference between truncate & delete
-
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)...
-
Shown are selected financial data for Another World and Imports, Inc., at the end of the current year. Net credit sales Cost of goods sold Cash Another World Imports, Inc. $ 675,000 $560,000 504,000...
-
The following partially complete T-accounts for the month of June along with additional information are from Renfrew & Company: Materials Inventory Work-in-Process Inventory Finished Goods Inventory...
-
The information that follows pertains to Julia Company: (a) Temporary differences for the year 2024 are summarized below. Expenses deducted in the tax return, but not included in the income...
Study smarter with the SolutionInn App