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Accounting
list in the following table.

list in the following table.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Q2/ You are a manager of a company and you want to select the best vendor from 4 vendors of the data list in the following table. Vendor name The number The number of submitted lots The price for The unit in $ The of accepted list proportion in lots as defectives proportion of delivery service 18 10 0.16 300 0.8 16 14 0.09 299 0.9 y 20 17 0.208 310 0.97 17 17 0.192 308 0.87 Your company focused on quality more than the price and service in determining the weightages. Furthermore, the service weightage is the most important factor compared to the quality and price. (1) set appropriate weightages (2) Rank the performance of the vendors on the QDP basis interpret the result. (3) Discuss the results.
Transcribed Image Text:Q2/ You are a manager of a company and you want to select the best vendor from 4 vendors of the data list in the following table. Vendor name The number The number of submitted lots The price for The unit in $ The of accepted list proportion in lots as defectives proportion of delivery service 18 10 0.16 300 0.8 16 14 0.09 299 0.9 y 20 17 0.208 310 0.97 17 17 0.192 308 0.87 Your company focused on quality more than the price and service in determining the weightages. Furthermore, the service weightage is the most important factor compared to the quality and price. (1) set appropriate weightages (2) Rank the performance of the vendors on the QDP basis interpret the result. (3) Discuss the results.
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