Operations Management: Processes and Supply Chains, Student Value Edition Plus MyLab Operations Management with Pearson eText -- Access Card Package (12th Edition)
Operations Management: Processes and Supply Chains, Student Value Edition Plus MyLab Operations Management with Pearson eText -- Access Card Package (12th Edition)
12th Edition
ISBN: 9780134855424
Author: Lee J. Krajewski, Manoj K. Malhotra, Larry P. Ritzman
Publisher: PEARSON
bartleby

Concept explainers

Question
Book Icon
Chapter A, Problem 14P

(a)

Summary Introduction

Interpretation: The location that should be chosen by applying the weighted score method is to be identified.

Concept Introduction:

The weighted scoring method is defined as a framework that is designed to help in deciding how to prioritize various features and other initiatives on the product roadmap. In this framework, the initiatives are scored as per a set of criteria on the basis of cost-vs-benefits, and finally, they are ranked by their final scores.

(b)

Summary Introduction

Interpretation: Whether there would be a change in choice when the factors are weighted equally.

Concept Introduction:

The weighted scoring method is defined as a framework that is designed to help in deciding how to prioritize various features and other initiatives on the product roadmap. In this framework, the initiatives are scored as per a set of criteria on the basis of cost-vs-benefits, and finally, they are ranked by their final scores.

Blurred answer
Students have asked these similar questions
Accel Express, Inc., collected the following information on where to locate a warehouse (1 = poor, 10 = excellent):     Location Score Location Factor Factor Weight A B Construction costs 10 8 5 Utilities available 10 7 7 Business services 10 4 7 Real estate cost 20 7 4 Quality of life 20 4 8 Transportation 30 7 6 a. Which location, A or B, should be chosen on the basis of the total weighted score?b. If the factors were weighted equally, would the choice change?
A location analysis has been narrowed down to two locations, A and B. The main factors in the decision will be supply of raw materials, which has a weight of .50, transportation cost, which has a weight of 0.4, and labour cost, which has a weight of .10. The ratings for raw materials, transportation, and labour are for A-60, 80, and 70, respectively; for B-70, 50, and 90, respectively. Given this information and a minimum acceptable composite score of 75, we can say that the manager should:   options:   choose location B   none of the choices   reject both locations   choose location A   be indifferent between these locations
Using the following factor ratings, determine which location alternative (A, B, or C) should be chosen on the basis of maximum composite score.
Knowledge Booster
Background pattern image
Operations Management
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Text book image
Operations Management
Operations Management
ISBN:9781259667473
Author:William J Stevenson
Publisher:McGraw-Hill Education
Text book image
Operations and Supply Chain Management (Mcgraw-hi...
Operations Management
ISBN:9781259666100
Author:F. Robert Jacobs, Richard B Chase
Publisher:McGraw-Hill Education
Text book image
Business in Action
Operations Management
ISBN:9780135198100
Author:BOVEE
Publisher:PEARSON CO
Text book image
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Text book image
Production and Operations Analysis, Seventh Editi...
Operations Management
ISBN:9781478623069
Author:Steven Nahmias, Tava Lennon Olsen
Publisher:Waveland Press, Inc.