Q: If the manager would be prepared to pay $70 000 per year to move from the least safe to the most safe form of transport (all else remaining equal), determine which alternative she should select A British company has won an important contract to supply components regularly tPoland. Four methods of transport are being considered: (i) air, (ii) sea, (iii) road andferry and (iv) rail and ferry. The company's distribution manager has identified fourrelevant attributes for the decision: punctuality, safety of cargo, convenience andcosts. She has also allocated weights of 30 to punctuality, 60 to safety of cargo and 10to convenience.The manager then rated the performance of each form of transport on the differentattributes. The values she assigned are shown below, together with the estimatedannual cost of using each form of transport.Form oftransportAirSeaRoad andferryRail andferryPunctuality10006070BenefitSafety70600100Convenience60801000Costs ($)150 00090 00040 00070 000

Costs pertains to all of the components that make up a group, whereas "cost" refers to the group as…

Answered: If the manager would be prepared to pay…

If the manager would be prepared to pay $70 000 per year to move from the least safe to the most safe form of transport (all else remaining equal), determine which alternative she should select

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...

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