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Given the matrix of outcomes in the table below for alternatives and attributes
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# Question : Given the matrix of outcomes in the table below for alternatives and attributes : 2141853

SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question.

1) Given the matrix of outcomes in the table below for alternatives and attributes, what conclusions can be drawn using the satisficing and dominance methods?

 Attributes Alternative I Alternative II Alternative III Acceptable Range A 85 100 55 60-100 B 7 5 2 5-10 C Good Good Excellent Good-Excellent D 16 18 4 18-20 E \$29,000 \$19,000 \$24,000 \$10,000-\$30,000

2) Upon her graduation, Britney wants to buy her first car. Given the matrix of outcomes and rank of importance in the table below for alternatives and attributes, use the satisficing, dominance, disjunctive resolution, and lexicography methods to counsel Britney on her choice.

 Attributes Rank* (1-most important) Model I Model II Model III Acceptable Range Price 1 \$25,000 \$24,000 \$22,000 \$22,000-\$24,000 Aesthetic appeal 4 68 78 88 68-88 Gas mileage 2 22.8 23.5 25.5 24-25.5 Luggage space 5 Fair Good Excellent Good-Excellent Performance on road 3 78 85 87 85-100

3) David recently accepted a job in Florida and wants to buy a new condominium. The matrix of possible outcomes is given in the table below. What can David conclude using nondimensional scaling and additive weighting?

 Attributes Weight Alternative I Alternative II Alternative III Acceptable Range Price 0.30 \$220,000 \$270,000 \$320,000 \$220,000-\$320,000 Outside view 0.20 9 8 7 8-10 Distance from work 0.25 11 21 36 11-21 Neighborhood 0.10 Good Fair Excellent Good-Excellent Expected increase in property value at the end of 5 years 0.15 19% 11% 16% 11%-\$16

4) A couple, both recently graduated engineers, are deciding on some details for their honeymoon. They have looked at a "honeymoon suite review" for their hotel of interest on the internet and have developed a matrix of outcomes that is presented in the table below. They decide to use the satisficing, nondimensional scaling, and additive weighting methods to help make their decision. Assume the nondimensional values given to the ratings were excellent = 1.0, good = 0.8, fair = 0.5, and poor = 0.1. What can they conclude?

 Attributes Weight Alternative I Alternative II Alternative III Acceptable Range Cost per night 0.21 \$29,000 \$27,000 \$26,000 \$26,000-\$30,000 Hotel condition 0.20 Good Good Excellent Good-Excellent Hotel service 0.33 89 91 97 92-100 Room cleanliness 0.16 96 98 99 96-100 Room comfort 0.28 90 95 100 95-100

5) A leading fashion magazine is planning for its first swimsuit cover of this year. Three swimsuit models are nominated in the meeting. The editor has developed the matrix of outcomes for each model and their attributes in the table below. Demonstrate what the editor can conclude using each of the dominance, satisficing, disjunctive resolution, lexicography, and additive weighting methods.

 Attributes Weight Model A Model B Model C Acceptable Range Model fee 0.33 \$30,000 \$29,000 \$31,500 \$29,000-\$35,000 Disposition 0.18 89 96 94 94-100 Quality of shooting portfolios 0.28 89 96 94 89-100 Physical attributes 0.48 92 93 91 92-100 Popularity 0.26 86 96 87 87-100

## Solution 5 (1 Ratings )

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Economics 2 Years Ago 293 Views