Question

Fernando is looking to buy a new house. The attributes and the corresponding values for his top three houses are described in the table below. Which of the alternatives would be eliminated using the satisficing method? Alternative Alternative Alternative Min Max Attributes Acceptable Acceptable Price $220,000 $270,000 $320,000 $300,000 Outside view (10 - best, 0 - worst) 87 Distance from work in miles 21 36 25 Neighborhood Good Fair Excellent Fair 9 11 Select one: O a. All alternatives would be eliminated. O b. Alternative! c. None would eliminated. O d. Alternative II O o e. Alternatives I and III f. Alternatives I and II g. Alternative IH h. Alternatives 11 and III O

Answer 1

Option g. Alternative III

The price of alternative III is $320,000 and this exceeds the maximum acceptable limit of $300,000, and the distance is 36 miles while the maximum acceptable limit of 25 miles.

Hence alternative III will be eliminated.