Question: (c) Assuming that mutual preference independence exists between the attributes, determine the value of aggregate benefits for each site.(d) Plot the aggregate benefits and costs
(c) Assuming that mutual preference independence exists between the attributes, determine the value of aggregate benefits for each site.(d) Plot the aggregate benefits and costs of each site on a graph and hence identify the sites which lie on the efficient frontier.(e) Although a weight of 80 was finally agreed for visual impact, this was only after much debate and some managers still felt that a weight of 65 should have been used while others thought that 95 would have been more appropriate. Perform a sensitivity analysis on the weight assigned to visual impact to examine its effect on the aggregate benefits of the sites and interpret your results.
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