A 50 exam 1 fall 21 [Compatibility Mode] - Word Sign in Ga File Home Insert Design Layout References Mailings Review View Help Tell me what you want to do Share - 21 X Cut & Pe Copy Format Painter Clipboard Times New Roma - 12 - | - A Aav A BI U hhe X, x' A aly AaBbccI AaBbc AaBbccI AaBbCel AaBb Di AaBb C Emphasis Heading 1 T Normal Strong Subtitle Title Find - abc Replace Select Paste Editing Font Paragraph 1,,,,,,,,,,,,1,1,1,,,,,,,,,,,,, 3 Styles 4,, 1,,,,,,,,,,,,,,,,,,, L - 22). [20 points] Suppose that several potential projects can be described by their Cost, Profit potential, Risk, and Time to Market. Suppose further that each of these criteria can be can be scored 1, 2, or 3 corresponding to the constructs of poor, medium, and excellent, respectively, For example a project that is assigned a risk rating of 1 has poor (high) risk and a project with a risk rating of 3 has excellent (low) risk a bigger number is always better, regardless of criteria. Finally, suppose a decision maker assigns weights of 1, 4, 7, and 9 respectively to the criteria, ie. cost is least important and time to market is most important. Finally, suppose four projects are scored as follows: Cost Project A B C D 3 3 2 2 3 1 Profit Potential 1 2 3 1 Risk 1 2 2. 3 2 Time to Market 2 3 1 3 a) Scale the weights so that they sum to one. Record you answer and explain how it was derived below: Ans: BE 100% Page 4 of 92637 words Accessibility: Unavailable H Type here to search o C 44F Mostly cloudy 1 4:13 PM 11/4/2021 A 50 exam 1 fall 21 [Compatibility Mode] - Word Sign in Ga File Home Insert Design Layout References Mailings Review View Help Tell me what you want to do Share 21 X Cut copy Format Painter Clipboard Times New Roma - 12 | - A A av A BI U mhe X, x A Aly c cl AaBbc.cD. Emphasis Heading 1 I Normal Strong Subtitle Title Find - abc Replace Select Paste Font Editing A Paragraph 2 L Styles 4., l...... l , b,,,,,,,,,, 1 1 1 1 . 3 - Optional: Paste any spreadsheet results here: c) Without considering weights, are any of the projects either dominant or dominated? Explain/Show how you arrived at your answer. Ans: d) Without considering weights, which project is best from a maximin approach? Explain/Show how you arrived at your answer. Ans: e) When weights are applied, which project is best from a maximin approach? Explain/Show how you arrived at your answer. Ans: Optional: Paste any spreadsheet results here: Page 5 of 9 2637 words BE 100% D* Accessibility: Unavailable Type here to search 11 EL 44F Mostly cloudy 1 4:13 PM 11/4/2021