Question: ( 1 1 marks ) Question 4 Project selection involves evaluating potential projects, and then deciding which of these should move forward to be implemented.

(11 marks)
Question 4
Project selection involves evaluating potential projects, and then deciding which of these should move forward to be implemented. Make us of the following information to determine which option is the best for Prof Theletsane who will be attending a conferencefin the Hilton Hotel, New York.
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Accommodation is quite expensive and the Professor is considering the following: Airbnbat $100 dollar per day, situated 15km from the conference venue. The Hilton Hotel where the conference will be held at R2400 per day, and staying for free with Lt Col Alex Makhosi at the SA Permanent Mission which is 40km from the conference venue. Although the Airbnb is closer to the conference venue, it will take longer to reach than taking the ferry from the SA Permanent Mission to the Hilton Hotel. The current exchange rate is R1=$0.056.
a. By making use of cost, distance, and travel time determine which option the Professor should take. Make use of the 3-point scale.
b. By applying weights based on the importance of the criteria cost (60%), distance (10%), and travel time (30%) determine which option the Professor should take. Make use of a 3-point scale.
(10 marks)
 (11 marks) Question 4 Project selection involves evaluating potential projects, and

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