you are in charge of analyzing five new suppliers of an important raw material and have been given the information shown in the table(1=worst, 10=best) management has decided that criteria 2 and 3 are equally important and that criteria 1 and 4 are each four times as important as a criterion 2. no more than two new suppliers are required, but each new vendor must exceed a total score of 70 percent of the maximum total points to be considered performance criterion vendor a vendor b vendor c vendor d vendor e quality of raw material 8 7 3 6 9 environmental impact 3 8 4 7 7 responsiveness to order changes 9 5 7 6 5 cost of raw material 7 6 9 2 7 a. which new vendors do you recommend? b. would your decision change if the criteria were considered equally important?
you are in charge of analyzing five new suppliers of an important raw material and have been given the information shown in the table(1=worst, 10=best) management has decided that criteria 2 and 3 are equally important and that criteria 1 and 4 are each four times as important as a criterion 2. no more than two new suppliers are required, but each new vendor must exceed a total score of 70 percent of the maximum total points to be considered performance criterion vendor a vendor b vendor c vendor d vendor e quality of raw material 8 7 3 6 9 environmental impact 3 8 4 7 7 responsiveness to order changes 9 5 7 6 5 cost of raw material 7 6 9 2 7 a. which new vendors do you recommend? b. would your decision change if the criteria were considered equally important?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter9: Decision Making Under Uncertainty
Section: Chapter Questions
Problem 30P
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you are in charge of analyzing five new suppliers of an important raw material and have been given the information shown in the table(1=worst, 10=best) management has decided that criteria 2 and 3 are equally important and that criteria 1 and 4 are each four times as important as a criterion 2. no more than two new suppliers are required, but each new vendor must exceed a total score of 70 percent of the maximum total points to be considered
| performance criterion | vendor a | vendor b | vendor c | vendor d | vendor e |
| quality of raw material | 8 | 7 | 3 | 6 | 9 |
| environmental impact | 3 | 8 | 4 | 7 | 7 |
| responsiveness to order changes | 9 | 5 | 7 | 6 | 5 |
| cost of raw material | 7 | 6 | 9 | 2 | 7 |
a. which new vendors do you recommend?
b. would your decision change if the criteria were considered equally important?
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