To insure business value and effectively manage the portfolio, the "right" projects must be selected. One tool for doing this is the Weighed Scoring Model. Below is aproblem to solve.Use a weighted score model to choose between three locations (A,B,C) for setting up a factory. The relative weights for each criterion are shown in the following table. Ascore of 1 represents unfavorable, 2 satisfactory, and 3 favorable.CategoryLabor costsLabor productivityLabor supplyUnion relationsMaterial supplyTransport costsWEIGHTED SCORING MODELInfrastructureWeight2020101010255A1223212LocationB2313122с3132132

To determine the weighted scores- by multiplying the weight for all given criterion through its…

Answered: To insure business value and…

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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Southland Corporation's decision to produce a new line of recreational products has resulted in the need to choose one of two automated manufacturing systems based on proposals from two vendors, A and B. The economics of this decision depends on the market reaction to the new product line. The possible long-run demand has been defined as low, medium, or high. Based on detailed financial analyses of system costs as a function of volume and sales under each demand scenario, the following payoff table gives the projected profits in millions of dollars. Long-Run Demand Decision Low Medium High Vendor A $70 $140 $490 Vendor B $110 $140 $140 Determine the best decisions using the maximax, maximin, and opportunity loss decision criteria. Using the maximax criterion, choose . Using the maximin criterion, choose . To minimize the maximum opportunity loss, choose . Assume that the best estimate of the probability of low long-run demand is 0.20, of medium long-run…
Sparkling group is a drinking water factory in US. As the business progresses, demand is increasing in Texas, Chicago and New York. And the company owner plans to build a factory so that customer needs in the area can be met without having to send from the main factory. Some of the considerations for decision making can be seen based on the data below: a. How much is the annual box sales volume for each area to be able to compete on a competitive advantage strategy with competitors? b. What do you suggest to the company based on the cost data above for the location of its factory construction? Explain why and use the calculation data so that decision making can be in accordance with the company strategy that you have learned.
A corporation plans to start making medical consumables like influence the setup of a medical consumables manufacturing plant. Give a rationale for each proposed consideration that an masks, gloves, disposable caps, face shields, and PPE kits, among other things. It is searching for a suitable location to construct the factory. Provide examples of factors that may organisation should weigh when deciding on a location.
РОСО SHOT ON POCO F2 PRO mand levels have been determined to be 20% for low demand, 30% for medium demand, and 50% for high demand. DEMAND DEMAND IS DEMAND IS LOW MEDIUM IS HIGH 150 140 o 90 130 3D10 Ardmore, OK 85 110 Sweetwater, TX 90 100 Lake Charles, LA 110 120 (a) Which location would be selected based on the optimistic eriterion? Ardnore, ok pe (b) Which location would be selected based on the rnd pessimistic criterion? Lake auley is low
Northeastern Insurance Company is considering opening an office in the U.S. The two cities under consideration are Philadelphia and New York. The factor ratings (higher scores are better) for the two cities are given in the following table. Factor Weight Philadelphia New York Customer convenience 0.25 70 80 Bank accessibility 0.20 40 90 Computer support 0.20 85 75 Rental costs 0.15 90 55 Labor costs 0.10 80 50 Taxes 0.10 90 50 Based on the given information, the best location for Northeastern Insurance Company to open the office is with a total weighted score of (Enter your response as a whole number.)
Use the information of the following payoff table Size of Market factory nature Good Average Bad Factory A 400 300 -100 Factory B 700 500 -200 Factory C 1,100 600 -300 a) Which factory should be built if the investor is very optimistic? Very pessimistic? b) Which factory should be built using minimax regret criterion? c) If the probabilities of Good/Average/Bad market are 0.4, 0.3, and 0.3, respectively, what is the decision of the size of factory using Expected Opportunity Loss (EOL) criterion?
The management of Compton Electronics has done a total cost analysis for three international suppliers ofkeyboards (see Example 14.1). Compton also considers on-time delivery, consistent quality, and environ-mental stewardship in its selection process. Each criterion is given a weight (total of 100 points), and eachsupplier is given a score 11 = poor, 10 = excellent2 on each criterion. The data are shown in the followingtable
A valve manufacturer is considering three alternative locations for a new plant for manufacturing ball valves for oil and gas industry. Since the plant ships nationwide, revenue is assumed the same regardless of plant location. The estimated annual fixed and variable costs for each site is shown in TABLE Location Costs A B C Fixed (RM) 700,000 1,000,000 $1,500,000 Variable (RM) $28 $18 $12 Identify the range of output for which each location provides the lowest total cost. Show necessary graph and calculation used in the analysis. Discuss on the finding(s).
7
Develop a background for James Shoe Emporium. Describe the following: location of thecompany – country and city/town, type of shoes sold and price, the target market.

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