Question: .45 Economics .55 Performance .60 .75 Reliability Price RAM Processor Speed The above decision tree (hierarchy) was constructed to help decide which, among several types

.45 Economics .55 Performance .60 .75 Reliability

.45 Economics .55 Performance .60 .75 Reliability Price RAM Processor Speed The above decision tree (hierarchy) was constructed to help decide which, among several types of computers, should be purchased. The weights were decided upon by the prospective buyer who was looking for a new computer. Note that all the criteria are objective and can easily be quantified except reliability which has been rated by an expert on a scale from 1 to 10, with 1 being very reliable and 10 being very unreliable. The following table gives the ratings of each alternative computer with respect to the above criteria. Computer Reliability Price Processor Speed RAM 1 3 120 MHz 16 MB 2 2 132 MHz 8 MB 3 5 220 MHz 32 MB .40 Buy Best Computer .25 $1500 $2300 $2900 3. Exponential Single Dimensional Value Function (SDVF) Suppose that the decision maker in Question 1 wanted you to model the price attribute as an exponential SDVF. He told you that the mid-value is $2600. Construct the exponential SDVF by identifying the rho then calculate utility for computer 2's price attribute

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