Complete a sensitivity analysis by assigning weights

Assignment Help Business Management
Reference no: EM131083797

Assumed Certainty: Pivot Tables and Multi-Attribute Decision Making Assumed Certainty: Multi-Attribute Decision Making (MADM)

Scenario:

You are the Vice President of Franchise Services for the Happy Buns restaurant chain. You have been assigned the task of evaluating the best location for a new Happy Buns restaurant. The CFO has provided you with a template that includes 6 criteria (attributes) that you are required to use in your evaluation of 5 recommended locations. Following are the 6 criteria that you will use to evaluate this decision:

- Traffic counts (avg. thousands/day)-the more traffic, the more customers, and the greater the potential sales.

- Building lease and taxes (thousands $ per year)-the lower the building lease and taxes, the better.

- Size of building (square feet in thousands)-a larger building is more preferable.

- Parking spaces (max number of customers parking)-more customer parking is preferable.

- Insurance costs (thousands $ per year)-lower insurance costs are preferable.

- Ease of access (subjective evaluation from observation)-you will need to "code" the subjective data. Use Excellent = 4, Good = 3, Fair = 2, and Poor = 1.

Now that you have collected the data from various sources (your CFO and COO, local real estate listings, personal observation, etc.), you have all the data you need to complete an analysis for choosing the best location. Download the raw data for the 5 locations in this Word document: Raw data for BUS520 SLP 1 Assignment

1 Review the information and data regarding the different alternatives for a new restaurant location.

2 Then do the following in Excel:

a Table 1: Develop an MADM table with the raw data.

b Table 2: Convert the raw data to utilities (scaled on 0 to 1).
Show the utility weights in a second table.

c Table 3: Develop a third table with even weights (16.7%) for each variable.

d Evaluate Table 3 for the best alternative.

e Table 4: Complete a sensitivity analysis by assigning weights to each variable.

3 In a Word document, do the following:

a Discuss the process used to put together Tables 1-4 above. b Provide the rationale you used for choosing for each of the weights you used in Table 4.

c Give your recommendation of which location the company should choose (based on results of Table 4).

SLP Assignment Expectations

Excel Analysis

- Complete Excel analysis using MADM (all four tables noted above must be included).

- Accurate Excel analysis (Excel file includes working formulas showing your calculations; all calculations and results must be accurate).

Written Report

- Length requirements: 2-3 pages minimum (not including Cover and Reference pages). NOTE: You must submit 2-3 pages of written discussion and analysis. This means that you should avoid use of tables and charts as "space fillers."

- Provide a brief introduction to/background of the problem.

- Discuss the steps you used to compile the Excel analysis (i.e., the four tables).

- Discuss the assumptions used to assign weights to each variable of your sensitivity analysis (Table 4). That is, provide the rationale for your choice of weights for each variable.

- Provide a complete and meaningful recommendation related to the location that should be chosen as a new site.

Attachment:- Case Assignment.rar

Reference no: EM131083797

Questions Cloud

Exponential probability distribution : Scenario: There is only one teller working at a bank. The teller takes an average of 3 minutes to service a customer. Assume that the time the teller takes to service a customer can be represented as an Exponential Probability distribution.
Draw the demand and supply curves for oil : US imports oil at the world price, $35 per barrel. The domestic supply curve in barrels per day is S = 3500000 + 350000P with P in dollars. Domestic demand curve is D = 60,000,000 - 500000P. Draw the US demand and supply curves for oil and indicate h..
Prepare presentation on introduction to medical innovations : Prepare a presentation about the following articles- "Intraocular lens: A Historical Innovation in Medical Technology Outline" by Xihang Han and Introduction to Medical Innovations.
What is the mean quiz score : A. Explain why this is a binomial random variable. B. What are the values of the parameters n and p? C. What is the mean quiz score? D. What is the standard deviation of the quiz scores?
Complete a sensitivity analysis by assigning weights : Develop an MADM table with the raw data - Convert the raw data to utilities and Review the information and data regarding the different alternatives for a new restaurant location.
The optimal linear mean square error : When X and Y have expected values µX = µY = 0, Theorem 9.4 says that L (Y) =  Show that this result is a special case of Theorem 9.7(a) when random vector Y is the 1- dimensional random variable Y.
What maximum thickness of aluminum foil could be used : What maximum thickness of aluminum foil could be used to fabricate the windows if no more than 3.5% of the radiation is to be absorbed by them?
For what types of experiments is the instrument useful : For what types of experiments is the instrument useful?
Mean and standard deviation within each group : In a third group of patients (cohort 3), actively dividing cells were generated by performing a second rapid expansion via active cell transfer. Cell doubling times for cohort 3 were {0.9, 3.3, 1.2, 1.1} days. Calculate the mean and standard devia..

Reviews

Write a Review

 

Business Management Questions & Answers

  Define the job dimensions of the firm

Define the job dimensions of the firm as well as discuss whether or not you believe the current design is appropriate for the firm.

  Explaining mintzberg-s five organization types

How would you classify Perdue Farms according to Mintzberg's five organization types? Explain.

  Discuss the concept of having cascading goals

Discuss the concept of having "cascading goals" in an organization. What does this mean at the tactical level of the organization?

  How has the internet changed best buy

The threat of online superstores such as Amazon threatens Best Buy's strategic positioning. Could Amazon being solely online offer a comparative advantage to Best Buy?

  Organizational behavior group behavior and normsinformal

organizational behavior group behavior and normsinformal groups exist in almost every kind of organization. what types

  Corporate culture influencesshow the importance of

corporate culture influencesshow the importance of organizational culture its importance relative to organization goals

  Largest nominal box office revenues

The receipts and year of release of the fivemovies with the largest nominal box office revenues, along with the CPI data of each year are presented below.

  What is applicable interest rate in percent

The applicable interest rate is 8 percent. Assuming these two individuals have perpetual lives, which person is rally the top winner in this contest and explain why?

  Employee turnover in the hospitality industry

Employee turnover in the hospitality industry averages 400% annually. This means that, on average, 100% of the staff of a restaurant, hotel, airline, cruise ship, etc. is replaced four (4) times per year. There has been extensive research on emplo..

  How each component is relevant to business analytics

Find and describe at least three technological components that are required for data-driven decision making. Be sure to explain how each component is relevant to business analytics.

  How to develop a financial analysis

How to develop a financial analysis inclusive of short and long term projections.

  Impact of canadian cross cultural issues on change

Evaluate the impact of Canadian cross cultural issues on change and analyze the impact of resistance to change by a US company working in Canada.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd