Alternatives which are evaluated based on four attributes

Assignment Help Operation Management
Reference no: EM132182969

1. Consider an AHP problem with three alternatives which are evaluated based on four attributes. Also consider that one of the attributes is savings, for which you have hard, quantifiable numbers (i.e. dollar amount saved). How would you proceed to calculate the principal vector/priority weight?

A) Translate the dollar values into a preference matrix, normalize the preference matrix, and take the average of each row; the result is your principal vector

B) For each of the three alternatives, take the savings value of each of them, and divide each by the sum of all savings values; this will give you the principal vector right away

C) Take the value for the best alternative (i.e. the highest savings value), and for each alternative, divide this value by the savings value for the respective alternative; normalize the vector, which then yields the principal vector

D) It is not possible to calculate a principal vector with the information available.

2. This week you will be researching careers more thoroughly. Share two careers that you are most interested in and explain why you are considering these. What influenced you to choose these fields? Perhaps an experience or a person? What information do you hope to find in your exploration? Has to be business degree related.

 

Reference no: EM132182969

Questions Cloud

The spam as unfortunate side that must be endured : Do you see the spam as the unfortunate side that must be endured in order for you to enjoy the benefits the Internet provides?
Eliminating service barriers using styles of behavior : What are some strategies for eliminating service barriers using styles of behavior?
Discuss the importance of communication in organizations : Discuss the importance of communication in organizations. Diagram the communication process and label all its parts -
Writing persuasive messages in the post-trust era : How can you increase your credibility when writing persuasive messages in the post-trust era?
Alternatives which are evaluated based on four attributes : Consider an AHP problem with three alternatives which are evaluated based on four attributes.
Messages in order to make them more effective with customers : How can companies modify their mass messages in order to make them more effective with customers?
Discuss the advantages and disadvantages of each studies : Discuss the advantages and disadvantages of each studies. Don't forget to provide arguments to support your thoughts.
Looking into the details of the decision-making process : This week we will be looking into the details of the decision-making process in situations where there is (1) certainty, (2) risk, and (3) uncertainty.
One qualitative and one quantitative : A bank manager notices that by the time customers get to the teller, Your task is to design two studies: one qualitative and one quantitative.

Reviews

Write a Review

Operation Management Questions & Answers

  Disclose illegal acts discovered during a fraud examination

Review the ACFE Code of Professional Ethics and discuss whether or not the CFE (Certified Fraud Examiner) can disclose illegal acts discovered during a fraud examination. If so or if not, how can this hurt or help the investigation? Lastly, discuss h..

  Discuss the chaos theory

Discuss the Chaos Theory (Be sure to read the lectures concerning this theory, as well as go through the additional links) in relation to the health care system today.

  Data entry has always been challenge in business processes

Data entry has always been a challenge in many business processes. There are technologies that have removed this challenge by allowing data to be captured at the time it is created reducing the need for data entry clerks. List a specific example of t..

  Discuss the role of forecasting in supply chain management

Discuss the role of forecasting in supply chain management. What is the difference between a trend and a cycle and a seasonal pattern?

  Develop suggested strategies to appropriate complete the set

Conduct a summary analysis of the Johns hopkins hospital, Gynecology Department's directional strategies. In the event that Johns hopkins hospital does not have a complete set of directional strategies, develop suggested strategies to appropriate com..

  Chain of convenience stores

The CEO of Kwikee Shoppe, a chain of convenience stores, believes that some of his managers aren’t making decisions as effectively as they could.

  What are the pros and cons of earned value management

Earned value management is used in many industries to measure and report project cost and performance. What are the pros and cons of earned value management?

  Describe job that you had that involve management of process

Most people have worked as "operations managers" at some time. Describe a job or experience that you had that involved the management of a process.

  What is the time between orders

Babble, Inc., buys 405 blank cassette tapes per month for use in producing foreign language courseware. What is the time between orders?

  Illustrate what is wrong with spending the first few minutes

illustrate what is wrong with spending the first few minutes of the next day performing these sorts of duties. Explain the logic of your response.

  What are usury laws and whom are they intended to protect

What are usury laws and whom are they intended to protect?

  What are the different types of commercial risks

What are the different types of commercial risks and how can managers plan for them to ensure minimal impact to the company?

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