Question: The additive weighting model is a decision tool that aggregates information from different independent criteria to arrive at an overall score for each course of
The general form of the model is
-1.png)
Consider Table P14-14 (p. 595) in view of these definitions and determine the value of each "?" shown.
-2.png)
Irt oj x where V the score of the jth alternative; w-the weight assigned to the ith decision attribute (1 ism ijthe rating assigned to the ith attribute, which reflects the performance of alternative j relative to maximum attainment of the attribute TABLE P14-14 Data for Problem 14-14 Alternative j Keep Purchase Existing a New Machine Machine Tool 1.0 1.8 i w Rank Decision Factor Tool 10 24 Flexibility in types of jobs scheduled 3 08 2 Ease of training and operation 40.7 Time savings per part produced Annual cost of ownership Rank Rank Rank Rank capital recovery cost) 0.7 1.0 0.5 2 0.7 2.69 1.0 2.30 V, (normalized) 1.00
Step by Step Solution
3.47 Rating (157 Votes )
There are 3 Steps involved in it
i Wi Rank 1 10 1 2 4 3 08 2 4 07 By inspection Ranki43 10 V 2 23 10 07 W 2 1... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
929-B-F-R-A (1087).docx
120 KBs Word File
