Answered: Tom Schmid is thinking about buying a… | bartleby

Practical Management Science

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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Problem#1
Tom Schmid is thinking about buying a Nordic ski machine. The three factors important to him are price,
ease of use, and the ability to store the exercise equipment in a closet when he is done using it. Given the
following data, help Tom determine the best machine for him:
FACTOR WEIGHTS
FACTOR
IMPORTANCE WEIGHT
Price
0.9
Ease of use
Storage
0.75
0.6
FACTOR EVALUATIONS
FACTOR
PROFESSIONAL NORDIC SKIER
ECONO NORDIC SKIER
Price
0.5
0.8
Ease of use 0.95
0.6
Storage
0.9
0.7

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