Question

In: Statistics and Probability

Use Affordability, Quality, and Style as the only Values for your decision in finding the best...

Use Affordability, Quality, and Style as the only Values for your decision in finding the best computer for you among 3 computers you have identified as your choices. Apply the Multifactor Evaluation Process by

(i) assigning normalised weights to the Values, (w1=.1 w2=.5 w3=.4)

(ii) assigning for each value, ratings of individual computers.

(iii) Computing the total score of each computer to find the best computer; i.e., the computer with the highest total score.

(iv) Normalizing the ratings and total scores.

You must show systematically all numerical results to receive full credits.

Solutions

Expert Solution

Solution :

Here first we pick the alternative in which the PC are best at a few properties get punished on the grounds that they are slacking in some different traits. For instance, PC 3 is best in 'Moderateness' criteria however because of other criteria it turned out most noticeably bad.

In this manner, the arrangement could be:

1) Take diverse choices dependent on required criteria as opposed to choosing all criteria at once

2) Do the inspecting and test for their huge contrasts in the appraisals dependent on Friedman test (non-parametric test for ANOVA. At that point choose, if truly C1 is best choice. 1

1 value and weight computer 1 computer 2 computer 3
2 affordability 0.6 3(0.200) 5(0.333) 7(0.467)
3 quality 0.3 8(0.534) 5(0.333) 2(0.133)
4 style 0.1 9(0.060) 4(0.267) 2(0.133)
5 total score 5.1(0.340) 4.9(0.327) 5.0(0.333)


From the above numerical measurements, we see that,

Decision with the most astounding absolute score,

i.e., Computer 1, is then the best.


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