• • Purchasing a mountain bike Three criteria: price, gear action, weight/durability Three types of bikes: A,B,C Developed pairwise comparison matrices I, II, III Ranked the decision criteria based on the pairwise comparison Il-Gear Action Bike A B C A 1 1/3 1/7 B 3 1 1/4 C 7 4 1 III-Weight/Durability Bike A B C Select the best bike using AHP A 1 3 1 B 1/3 1 1/2 C 1 2 1 I-Price Criteria Price Gear Weight Bike A B C Price 1 3 5 A 1 3 6 B 1/3 1 2 Gear 1/3 1 2 C 1/6 2 1 Weight 1/5 1/2 1

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter14: Pricing Techniques And Analysis
Section: Chapter Questions
Problem 1.1CE: What life cycle cost concept begins raising concerns by year 5 with any electric vehicle (EV)? If...
icon
Related questions
Question
What is the Consistency Ratio of the GEAR Matrix? This question is related to BIKE and not fruit. Use BIKE MATRIX. Please have it be original work and highlight the answer!! this is the 3rd time I've posted this and both have been the same incorrect answer.
•
•
Purchasing a mountain bike
Three criteria: price, gear
action, weight/durability
Three types of bikes: A,B,C
Developed pairwise
comparison matrices I, II, III
Ranked the decision criteria
based on the pairwise
comparison
Il-Gear Action
Bike
A
B
C
A
1
1/3
1/7
B
3
1
1/4
C
7
4
1
III-Weight/Durability
Bike
A
B
C
Select the best bike using
AHP
A
1
3
1
B
1/3
1
1/2
C
1
2
1
I-Price
Criteria
Price
Gear
Weight
Bike
A
B
C
Price
1
3
5
A
1
3
6
B
1/3
1
2
Gear
1/3
1
2
C
1/6
2
1
Weight
1/5
1/2
1
Transcribed Image Text:• • Purchasing a mountain bike Three criteria: price, gear action, weight/durability Three types of bikes: A,B,C Developed pairwise comparison matrices I, II, III Ranked the decision criteria based on the pairwise comparison Il-Gear Action Bike A B C A 1 1/3 1/7 B 3 1 1/4 C 7 4 1 III-Weight/Durability Bike A B C Select the best bike using AHP A 1 3 1 B 1/3 1 1/2 C 1 2 1 I-Price Criteria Price Gear Weight Bike A B C Price 1 3 5 A 1 3 6 B 1/3 1 2 Gear 1/3 1 2 C 1/6 2 1 Weight 1/5 1/2 1
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Managerial Economics: Applications, Strategies an…
Managerial Economics: Applications, Strategies an…
Economics
ISBN:
9781305506381
Author:
James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Microeconomic Theory
Microeconomic Theory
Economics
ISBN:
9781337517942
Author:
NICHOLSON
Publisher:
Cengage
Micro Economics For Today
Micro Economics For Today
Economics
ISBN:
9781337613064
Author:
Tucker, Irvin B.
Publisher:
Cengage,
Survey Of Economics
Survey Of Economics
Economics
ISBN:
9781337111522
Author:
Tucker, Irvin B.
Publisher:
Cengage,