Chapter 14, Problem 29QP

A manager received an analysis of several cities being considered for a new office complex. The data (10 points maximum) are as follows: Factor Business services Community services Real estate cost Construction costs Cost of living Taxes Transportation A с Thus, Location Score A A B с Thus, 17 17 17 8 6 4 3 2 8 9 B 6 6 Click here for the Excel Data File a. If the manager weights the factors equally, how would the locations stack up in terms of their composite factor rating scores? 8 7 7 19 19 19 5 7 is/are the best. C 6 7 7 6 8 b. If business services and construction costs are given weights that are double the weights of the other factors, how would the locations stack up? is/are best and 4 8 is/are least desirable.

The owner of a food truck implemented a new location strategy so that they would be better positioned near a crowded office park during the lunch hour. How should they evaluate the new location strategy?

A landowner is considering a community development project. Even though he realizes that the current market for housing is not very favourable, he believes that there will be an influx of retirees into the area within the next five years. He is trying to decide between two alternatives: (1) building detached homes in a planned retirement community or (2) building a smaller townhouse/condominium complex. Mortgage interest rates will affect his outcomes as shown (in $ millions) in the accompanying payoff table. According to the maximax approach, what should the landowner do? Click the icon to view the payoff table. ..... A. Build townhouses/condominiums B. Build detached homes in a planned retirement community if interest rates go up, otherwise build townhouses/condominiums C. Build detached homes in a planned retirement community D. Build detached homes in a planned retirement community if interest rates go down, otherwise build townhouses/condominiums O E. Build detached homes in a…

The Dynaco Manufacturing Company is to build a new plant to make ring bearings (used in automobiles and trucks). The site selection team is evaluating three sites, and it has graded the important weighted criteria for each as follows: Develop a scoring model to determine which site the selection team should recommend.

← Daniel Tracy, owner of Martin Manufacturing, must expand by building a new factory. The search for a location for this factory has been narrowed to four sites: A, B, C, or D. The following table shows the results thus far obtained by Tracy by using the factor-rating method to analyze the problem. The scale used for each factor scoring is 1 through 5. Factor 1 2 3 4 6 7 Factor Description Quality of labor Construction cost Transportation costs Proximity to Markets Taxes Weather Energy costs a) Based on the given information, the best site for Daniel Tracy is D with a total weighted score of B Weight 10 7 7 8 A 6 5 A 5 3 4 2 B 2 5 3 2 5 4 Site Scores C 5 4 4 4 3 4 4 (Enter your response as an integer.) D 3 1 2 3 4 3

The director of career advising at Orange Community College wants to use decision analysis to provide information to help students decide which 2-year degree program they should pursue. The director has set up the following payoff table for six of the most popular and successful degree programs at OCC that shows the estimated 5-year gross income ($) from each degree for four future economic conditions: Determine the best degree program in terms of projected income, using the following decision criteria: a. Maximax b. Maximin c. Equal likelihood

Harden College is contemplating opening a Europeancampus where students from the main campus could go to take courses for 1 of the 4 college years. At the moment, it is con-sidering five countries: The Netherlands, Great Britain, Italy, Belgium, and Greece. The college wishes to consider eight factorsin its decision. The first two factors are given weights of 0.2, whilethe rest are assigned weights of 0.1. The following table illustratesits assessment of each factor for each country (5 is best).       issue

Answer choices: A: 67, 0, 250 67, 0, 250 67, 0, 250 B: SIte 1, Site 2, Site 3 Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Imagine that Mary is planning a vacation and has to choose between two vacation spots. Based onthe information, if asked to choose the best spot, which would Mary choose? If asked to reject achoice, which vacation spot would Mary reject? Why?Spot Aaverage weatheraverage beachesmedium-quality hotelmedium-temperature wateraverage nightlifeSpot Blots of sunshinegorgeous beaches and coral reefsultra-modern hotelvery cold watervery strong windsno nightlife