The company is interested to launch a massive educational project which was open for bidding. The...

  

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The company is interested to launch a massive educational project which was open for bidding. The company received four bids named as bid 1 to 4. After reviewing these bids, the scores for each project on each attribute is given. The company used a five point scale to mark each of the project under each of the attribute, with score of 1 representing unfavorable, and 5 very favorable. The relative weights for each attribute and the scores are summarised in the following table. Attributes Cost Reliability Resource Environment Innovation availability awareness 15 Weight (in %) 35 25 Bid 1 5 3 4 Bid 2 Bid 3 Bid 4 43 14 5 3 10 2 15 3 3 a) Sort the following four bids from best to worst using the weighted scoring model by showing your working clearly. b) What would happen if the company wanted to investigate whether there is a change in their selection if environment awareness and innovation' are both increased by 5 whereas 'cost and reliability' are both decreased by 5 instead. Recompute your overall score and comment. The company is interested to launch a massive educational project which was open for bidding. The company received four bids named as bid 1 to 4. After reviewing these bids, the scores for each project on each attribute is given. The company used a five point scale to mark each of the project under each of the attribute, with score of 1 representing unfavorable, and 5 very favorable. The relative weights for each attribute and the scores are summarised in the following table. Attributes Cost Reliability Resource Environment Innovation availability awareness 15 Weight (in %) 35 25 Bid 1 5 3 4 Bid 2 Bid 3 Bid 4 43 14 5 3 10 2 15 3 3 a) Sort the following four bids from best to worst using the weighted scoring model by showing your working clearly. b) What would happen if the company wanted to investigate whether there is a change in their selection if environment awareness and innovation' are both increased by 5 whereas 'cost and reliability' are both decreased by 5 instead. Recompute your overall score and comment.

Answer rating: 100% (QA)

To answer these questions we will calculate the weighted scores for each bid using the weighted scoring model and then compare the scores First lets t... View the full answer