Questions and Exercises
1. If the weighting factors listed in Table 2.3 are revised as Strength: 2, Weight: 4, Machinability: 3, Corrosion resistance: 5, and Material cost: 3, which material among the five is desirable to be used?
2. A manufacturing firm is moving to absorb some short-term excess production capacity at one of its plants. The firm is considering a short manufacturing run for either of two new products, a coffee maker or a blender. The market for each product is known if the products can be successfully developed. However, there is some chance that it will not be possible to successfully develop them. Revenue of $1,000,000 would be realized from selling the coffee maker and revenue of $400,000 would be realized from selling the blender. ...
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