Activity 3 Please solve answer c and activity II Activity I Three new product ideas have been suggested These ideas have been rated as shown in the Table below Product Criteria A B C Weight ( ) Development cost P F VG 10 Sales prospects VG E G 15 Producibility P F G 10 Competitive advantage E VG F 15 Technical risk P F VG 20 Patent protection F F VG 10 Compatibility with strategy VG F F 20 100 P poor,F fair, G good, VG very good, E excellent Using an equal point spread for all five ratings (i e , P 1 ,F 2 ,G 3 ,VG 4 ,E 5 P 1,F 2,G 3,VG 4,E 5), determine a weighted score for each product idea What is the ranking of the three products Rank the criteria, compute the rank sum weights, and determine the score for each alternative Do the same using the rank reciprocal weights What are some of the advantages and disadvantages of this method of product selection Activity II Using MAUT and the AHP, perform an analysis to select a graduate program Explain your assumptions and indicate which technique you believe is most appropriate for this application

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Question: Activity 3 Please solve answer c and activity II Activity I: Three new-product ideas have been suggested. These ideas have been rated as shown in

Activity 3

"Please solve answer c and activity II"

Activity I: Three new-product ideas have been suggested. These ideas have been rated as shown in the Table below

Product*

Criteria

Weight (%)

Development cost

Sales prospects

Producibility

Competitive advantage

Technical risk

Patent protection

Compatibility with strategy

100

*P=poor,F=fair, G=good, VG=very good, E=excellent

Using an equal point spread for all five ratings (i.e., P = 1 ,F = 2 ,G = 3 ,VG = 4 ,E = 5 P=1,F=2,G=3,VG=4,E=5), determine a weighted score for each product idea. What is the ranking of the three products?
Rank the criteria, compute the rank-sum weights, and determine the score for each alternative. Do the same using the rank reciprocal weights.
What are some of the advantages and disadvantages of this method of product selection?.

Activity II: Using MAUT and the AHP, perform an analysis to select a graduate program. Explain your assumptions and indicate which technique you believe is most appropriate for this application.

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