Question: The weighted - factor scoring model is a very handy tool to make decisions, especially when it is not easy to quantify all the factors

The weighted-factor scoring model is a very handy tool to make decisions, especially when it is not easy to quantify all the factors (e.g., service). For example, you can apply it to select suppliers. Suppose a company using a weighted criteria evaluation system has established these 3 categories and the appropriate weight in parentheses: Quality (0.30), Delivery (0.40), and Cost (0.30).
The scores for each category are shown below. Which of the following supplier has the highest total score?
upplier A: Quality (90), Delivery (85), Cost (60)
Supplier C: Quality (80), Delivery (80), Cost (70)
All suppliers scored the same.
Supplier B: Quality (70), Delivery (95), Cost (60)
 The weighted-factor scoring model is a very handy tool to make

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!