Consider a supplier selection problem where the five most important cri- teria are identified as follows:...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Consider a supplier selection problem where the five most important cri- teria are identified as follows: G-Risk C₂-Delivery time C₁-Quality Cr-Price C-Business Performance (a) Using the method of paired comparison, rank the criteria and com- pute their weights. (b) Suppose 5% of purchasing managers were interviewed and they were asked to rank the aforementioned criteria. The summary of their responses are given in Table 6.41. TABLE 6.41 Criteria Rankings for Exercise 6.9 Rank Criteria 1 2 3 4 5 47 C₁₂ G₂ C₂ C₂ Cs 944 3 13 6 8 4 3 7 3 4192 11 789 2 6 2 1 4 2 4 17 Determine the weights of the criteria and their rankings based on the sample survey, using the Borda count method for multiple decision makers discussed in Section 6.3.9. How does their ranking compare with yours? Consider a supplier selection problem where the five most important cri- teria are identified as follows: G-Risk C₂-Delivery time C₁-Quality Cr-Price C-Business Performance (a) Using the method of paired comparison, rank the criteria and com- pute their weights. (b) Suppose 5% of purchasing managers were interviewed and they were asked to rank the aforementioned criteria. The summary of their responses are given in Table 6.41. TABLE 6.41 Criteria Rankings for Exercise 6.9 Rank Criteria 1 2 3 4 5 47 C₁₂ G₂ C₂ C₂ Cs 944 3 13 6 8 4 3 7 3 4192 11 789 2 6 2 1 4 2 4 17 Determine the weights of the criteria and their rankings based on the sample survey, using the Borda count method for multiple decision makers discussed in Section 6.3.9. How does their ranking compare with yours?
Expert Answer:
Answer rating: 100% (QA)
The Borda count method is a consensusbased decisionmaking approach that allows a collective preference to be derived from individual rankings of optio... View the full answer
Related Book For
Auditing A Practical Approach with Data Analytics
ISBN: 978-1119401742
1st edition
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton
Posted Date:
Students also viewed these general management questions
-
When Donna purchased her home for $315,000, she made a down payment of 7%. Aside from her down payment, she has paid $28,350in principal. Her house is currently worth $332,700. How much equity does...
-
Identify the process evaluation article that you chose and explain why you selected this example. Describe the purpose of the evaluation, the informants, the questions asked, and the results of the...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Implement a generic Map that supports the put and get operations. The implementation will store a hash table of pairs (key, definition). Figure 5.55 provides the Map specification (minus some...
-
Repeat Problem 11.64, but assume that the isentropic compressor efficiency is 87%, the isentropic turbine efficiency is 89%, and the isentropic nozzle efficiency is 96%.
-
Suppose that X is a negative binomial random variable with p _ 0.2 and r _ 4. Determine the following: (a) E(X1) (b) P(X =20) (c) P(X =19) (d) P(X =21) (e) The most likely value for X
-
DVR Equipment, Inc., reported these data for 2007: Compute DVR's net cash provided by operating activities indirect method. Income Statement Net income. Depreciation....... Balance sheet Increase in...
-
The April 25, 2012, edition of the Wall Street Journal contains an article by Spencer Jakab entitled Amazons Valuation Is Hard to Justify. Instructions Read the article and answer the following...
-
5. Meera Ltd has furnished you the following data: Budgeted No. of working days 25 Production in units 20,000 Fixed overheads 30,000 Actual 27 22,000 31,000 Budgeted fixed OH rate is `1 per hour. In...
-
Use the information below and prepare the Multi-Step Income Statement for Hot Place on August 31. Sales $1,250,000 Interest Revenue 25 Sales Discounts 15,000 Sales Returns and Allowances 30,000 Cost...
-
Fix an integer 1 and define the Markov chain (Xn)n0 on {, + 1, . . .} by the transition probabilities, pi,i+1 = 1 pi,i1 = i , i = , + 1, + 2, . . . Determine the values of for which the chain...
-
The department store has several drivers who drive the delivery trucks. At the end of each day they must fill out a delivery report that takes between five and ten minutes. The preparation of this...
-
Assume you have one or a few employees who like to disagree or argue over your decisions. How would you use critical thinking in solving this issue? How would you successfully prevent retaliation...
-
Choose foreign country who experienced recent political unrest- previous 10 years. Complete a political risk analysis of the country. What is the current political environment for the country? How...
-
Imamu is a shareholder of Imamu Enterprise ( pty ) ltd . he feels that a general meeting mustbe held to discuss certain sensitive points relating to the company. He does not want to call the meeting...
-
1. Who are the people affected by rsum truth decisions? 2. Why might a job seeker have a duty to blur parts of his or her work history? 3. Why might an egoist lie on the rsum, and why not? 4. Does an...
-
In 2011, AT&T attempted a merger with T-Mobile. The Justice Department sued under the act, claiming that the merger would constitute a violation of the antitrust laws. In 2012, AT&T dropped its...
-
Respond to the ethical judgments required based on the following scenarios. Scenario 1. Assume you have collected a sample using MUS and that you have evaluated that sample to calculate a total...
-
What considerations apply in determining the appropriate level of detection risk for stockholders equity?
-
The auditor decides which controls to test by considering: a. the points at which fraud or error can occur. b. the nature of controls implemented by management. c. the significance of each control in...
-
Explain the rule on integrity and objectivity. Give examples of conflicts of interest, knowingly misrepresenting facts, or subordinating judgment.
-
Find the area under the standard normal curve to the right of a. z = 0.47 b. z = 2.91 c. z = 2.04 d. z = 1.09
-
Find the area under the standard normal curve that lies outside the interval between a. z = 0.38 and z = 1.02 b. z = 1.42 and z = 1.78 c. z = 0.01 and z = 2.67 d. z = 2.45 and z = 0.34
-
Find the area under the standard normal curve that lies outside the interval between a. z = 1.11 and z = 3.21 b. z = 1.93 and z = 0.59 c. z = 0.46 and z = 1.75 d. z = 2.73 and z = 1.39
Study smarter with the SolutionInn App