An Industrial Engineering (IE) graduate student named Vladimir is in the process of deciding whether to purchase a new top-of-the-line Apple iPhone or a Samsung Galaxy. His decision is influenced by three factors: cost (C), ease of use (E), and features (F). He assigns different weights to each factor: 0.40 to cost, 0.30 to ease of use, and 0.30 to features.For cost (C), he assigns a weight of 0.40 to the iPhone and 0.60 to the Galaxy. For ease of use (E), the weights are 0.40 to the iPhone and 0.60 to the Galaxy. For features (F), the weights are 0.70 to the iPhone and 0.30 to the Galaxy.Vladimir uses these weights in a decision-making value tree to calculate the overall score for each phone and decide which one to purchase. The options and their corresponding overall weights are:- iPhone, 0.53- Galaxy, 0.51- iPhone, 0.51- Galaxy, 0.49Based on the calculated weights, the iPhone with a score of 0.53 is potentially the best choice for Vladimir.

Given data; Factors Weights iPhone Galaxy C 0.40 0.4 0.6 E 0.30 0.4 0.6 F 0.30 0.7 0.3

Answered: An IE graduate student named Vladimir…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Similar questions

Prior to 1950, two types of commercial random packings were in common use: Raschig rings and Berl saddles.Since 1950,many new random packings have appeared. What advantages do these newer ones have? By what advances in design and fabrication were achievements made? Why were structured packings introduced?
A farmer in mufulira, copper belt province of Zambia would like to introduce a new product .it has estimated that the cost of purchasing, delivery and installation the new machine required to manufacture the product is k160, 000.the expected life span of the product is six years. The first revenues 200,000 second 240,000 and 220,000, Revenues estimates are k205,000 in each of the remaining three years. The incremental variable of producing the product are estimated to be 54% of the revenues. The marginal tax rate of the farm is 40% of the revenues. The machine purchased will have a salvage value of k35,000 and the farm is expecting to recoup k10,000 of its working capital at the end of six years. The farm has fixed cost of k30,000.a. Calculate the IRR at a discount rate of your choice.
List - BUS-2353-05W (Sprin X D21 Quizzes - BUS-2353-05W (Spring X + frame_auto.d21?ou=23288&isprv=&drc=0&qi=79747&cfql=0&dnb=0&fromQB=0&in Progress=0 353 Program Assessment G502 Joshua Miller: Attempt 1 Time Taken:0:25:25 Question 1 (1 point) ✓ Saved E Listen XYZ Company determined that it needed to improve upon productX, and do a better job of getting the word out. The marketing staff decided to create a new and improved packaging, place the product in various outlets, use the mediums of radio, TV and social media and make sure their pricing was competitive. Consumers that were specifically chosen were women 30 years of age who were of Hispanic descent and worked outside of the home. These women had also used the product before however the product has been redesigned. Often these women purchased in bulk for their families. Prior to determining who they would work with and how they would redesign the product, XYZ Company created surveys, held in-store demonstrations and took various…
Cell Name: $C$5 Qty Doors 24 0 Qty $D$5 Windows 48 0 $E$5 Qty Vents Using the sensitivity report below, by how much will profit increase if you add an additional unit of 'Finishing Used'? 120 60 48 Cell Name $F$9 Cutting Used 48 $F$10 Sanding Used 60 $F$11 Finishing Used O 440 Final Reduced Objective Allowable Value Cost Coefficient Increase 100 0 60 -220 500 Final Shadow Constraint Value Price 0 440 120 450 200 R.H. Side 100 60 60 550 220 Allowable Increase 1E+30 Allowable Decrease 20 275 75 1E+30 Allowable Decrease 52- 43.33333333 15 30
SITXGLC002 Assessment 1 - Project
Identify the features that Business Intelligence incorporates which are found in the list below. a. TPS, OAS and KWS b. DSS, EIS and ESS c. TPS, MIS and KWS d. OAS, KWS and EIS
which possible alternative would provide the greatest benefit to the greatest number?
You have hired a singer for an alternative energy convention. The singer signed a contract for a 2-hour performance. You are worried that based on her reputation, she will shorten this performance to 1 and a half hours, saying she has a sore throat, when you have heard from other event planners that she usually books back-to-back performances in the same town on the same night. Use the problem-solving steps: Define the problem and contributing factors, criteria for a solution, and a plan of action. In your plan of action, include how you will approach it without impugning the performer’s ethics. You also need to find a master of ceremonies (MC) for this 3-day convention. What will be your criteria for hiring this MC?
Please resolve within 15 minutes or 25 minutes. Please, please
You are the project manager of a kitchen renovation. You are in the execution phase of the project and the materials have been ordered and construction has begun. The client/home owners inform you tha they want to add in a kitchen island to the design which was not originally planned. How would you manage the new requirement? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt A v 三三 x² X,
Scenerio Market
Given the following decision tree, calculate the EMV and the best decision that should be made. Office Growth BUILD EXPAND a. EMV: $393000; Decision: Build Ob. EMV: $522000; Decision: Build OC. EMV: $915000; Decision Expand and Build Od EMV: $393000; Decision: Expand High Demand Low Demand High Demand Low Demand 60% Probability $650,000 Impact 40% Probability $330,000 Impact 70% Probability $510,000 Impact 30% Probability $120,000 Impact

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS