Quantitative Analysis for Management, 13/e

Discussion Questions and Problems

Discussion Questions

1. M1-1 Describe decision situations in which multifactor decision making is appropriate. What decision-making situations do you face that could benefit from the multifactor decision-making approach?

2. M1-2 Briefly describe the MFEP.

3. M1-3 When should the AHP be used compared with the MFEP?

Problems

1. M1-4 George Lyon is about to buy a compact stereo cassette player. He is currently considering three brands—Sun, Hitek, and Surgo. The important factors to George are the price, color, warranty, size of the unit, and brand name. George has determined factor weights of 0.4, 0.1, 0.1, 0.1, and 0.3, respectively. Furthermore, George has determined factor evaluations for all of the factors for the three ...