Why swing weights produce meaningful weights

Assignment Help Microeconomics
Reference no: EM131524548

Question: 1. Explain in your own words why swing weights produce meaningful weights for evaluating alternatives.

2. A decision maker is assessing weights for two attributes using the swing-weight method. When he imagines swinging the attributes individually from worst to best, he concludes that his improvement in satisfaction from Attribute A is 70% of the improvement from swinging Attribute B. Calculate kA and kB.

3. Explain in your own words why the lottery method works to produce meaningful weights for evaluating alternatives.

Reference no: EM131524548

Questions Cloud

Why proportional scores represent a risk attitude : An MBA student evaluating weather outcomes for an upcoming party has concluded that a sunny day would be twice as good as a cloudy day, and a cloudy day.
How do you plan on evaluating global marketplace in future : What would you say to someone who would dispute your position? How do you plan on evaluating the global marketplace in the future?
What is country image : What is country image? Explain how it affects the screening process by international companies for potential markets and sites.
Transparency from consumers and stakeholders : The demand for greater transparency from consumers and stakeholders across the world has pushed the areas of ethics and compliance
Why swing weights produce meaningful weights : A decision maker is assessing weights for two attributes using the swing-weight method. When he imagines swinging the attributes individually from worst.
Discuss three attributes using the lottery-assessment method : A decision maker is assessing weights for three attributes using the lottery-assessment method. In considering the lotteries.
Provide a summary of the program you view : Provide a summary of the program you view with some supporting facts and details.Conclude your paper with at least one paragraph with your response.
Implementing lean manufacturing : The company I work at will be implementing Lean Manufacturing - we will need to do the following:
Provide a brief introduction to background of the problem : Provide a brief introduction to/background of the problem. Provide a written analysis that supports your Histogram age groups (bins).

Reviews

Write a Review

 

Microeconomics Questions & Answers

  Would residents of the larger cities come to the events

How would they determine what events to bring to the center? How would they determine the "draw" to the events? Would residents of the larger cities come to the events?

  Wisconsin is an important milk-producing state

Wisconsin is an important milk-producing state. Some people might argue that because of transportation costs, the cost of milk increases with the distance of markets from Wisconsin. Suppose the milk prices in eight cities are as follows.

  What led president nixon to take action described in article

An article in the New York Times states that: "On Aug. 15, 1971, President Nixon unhitched the value of the dollar from the gold standard." Is the author of this article correct that the United States abandoned the gold standard in 1971? What led ..

  Find total revenue

Find Total Revenue or profit

  What happen for him to consume both products simultaneously

Assume that Dr. Slight has $100 to spend on goods X and Y. Each good costs $1. Dr. Slight’s preferences are such that he will exchange one unit of Y for two units of X to maintain his wellbeing, regardless of how much of each he is currently consumin..

  John parker nosey works for the canada revenue agency

Multiple choice. John Parker Nosey works for the Canada Revenue Agency

  Cost minimization input combination be after price changes

A cost minimizing firm's production function is given by q=lk, where MPl=k and mpk=l. the price of labor services is w and the price of capital services is r. suppose you know that when w=$4 and r=$2, the firms total cost is $160.

  Analyze and evaluate how shell model can be used variously

Analyze and evaluate how the SHELL Model can be used variously, and in practical terms, during a post-accident investigation as analysis tool, as an accident prevention tool, and as an aviation safety training tool.

  Why inflationary andrecessionary gaps are self-correcting

In the long run, inflationary andrecessionary gaps are self-correcting because, eventually. nominalwages rise and fall in order to close an inflationary or arecessionary gap thegovernment applies the right combination of fiscal and monetarypolicies t..

  Explain why trade being optimal for both michael and tony

Initially, Michael has 10 candy bars and 5 cookies, and Tony has 5 candy bars and 10 cookies. After trading, Michael has 12 candy bars and 3 cookies. In an Edgeworth box, label the initial allocation A and the new allocation B.

  What point does management monitoring become unethical

Do you believe managers are justified in monitoring employees? Should managers always alert workers about monitoring? At what point does management monitoring become unethical?

  Are costs of utilities always fixed are they always variable

Many firms consider their wage costs to be variable costs. Why, then, do publishers usually consider their wage and salary costs to be fixed costs? Are the costs of utilities always fixed, are they always variable, or can they be both? Briefly exp..

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