Criteria Score = Weight* Rating
Overall score =
Criteria | Chicago | Denver | Houston |
Career advancement | =7*8 = 56 | =7*5 =35 | =7*6 =42 |
Location | =6*5 =30 | =6*8=48 | =6*5=30 |
Management | =8*6 = 48 | =8*7=56 | =8*8=64 |
Salary | =7*7=49 | =7*9=63 | =7*6=42 |
Prestige | =6*9=54 | =6*5=30 | =6*9=54 |
Job security | =5*5=25 | =5*7=35 | =5*8=40 |
Enjoy the work | =8*9=72 | =8*6=48 | =8*6=48 |
Score | =56+30+48+49+54+25+72=334 | =35+48+56+63+30+35+48=312 | =42+30+64+42+54+40+48=340 |
Final score for Chicago Analyst position = 334
Final score for Denver accountant position = 312
Final score for Houston Auditor position =340
Hence,
First preference - Houston Auditor position
Second preference - Chicago Analyst position
Third preference - Denver Accountant position
One advantage of using the multicriteria decision-making methods presented in this chapter is that the criteria...
Problem 14-09 (Algorithmic) One advantage of using the multicriteria decision-making methods presented in this chapter is that the criteria weights and the decision alternative ratings may be modified to reflect the unique interests and preferences of each individual decision maker. For example, assume that another graduating college student had the same three job offers described in Section 14.3. This student provided the following scoring model information. Rank the overall preference for the three positions. Which position is recommended? Ratings Analyst...
Problem 14-09 (Algorithmic) One advantage of using the multicriteria decision-making methods presented in this chapter is that the criteria weights and the decision alternative ratings may be modified to reflect the unique interests and preferences of each individual decision maker. For example, assume that another graduating college student had the same three job offers described in Section 14.3. This student provided the following scoring model information. Rank the overall preference for the three positions. Which position is recommended? Ratings Analyst...
Ranking by Day Student Ranking by Evening Student Career 2 Accountant 3 Computer programmer 4 Branch bank manager 5 Hospital administrator 6 Statistician 7 Marketing researcher 8 Stock analyst 9 Production manager 10 4 4 12 13 14 Far West Unlversity offers both day and evening classes In business administration. One question In a survey of students Inquires how they percelve the prestige assoclated with eight careers. A day student was asked to rank the careers from 1 to 8,...
Ranking by Day Student Ranking by Evening Student Career 2 Accountant 3 Computer programmer 4 Branch bank manager 5 Hospital administrator 6 Statistician 7 Marketing researcher 8 Stock analyst 9 Production manager 10 4 4 12 13 14 Far West Unlversity offers both day and evening classes In business administration. One question In a survey of students Inquires how they percelve the prestige assoclated with eight careers. A day student was asked to rank the careers from 1 to 8,...
Capital Budgeting Decision Methods 11 CHICAGOVALVE COMPANY Although he was hired as a financial analyst after completing his MBA, Richard Houston's first assignment at Chicago Valve was with the firm's marketing department Historically, the major focus of Chicago Valve's sales effort was on demonstrating the reliability and technological supe. riority of the firm's product line. However, many of Chicago Valve's traditional customers have embarked on cost cutting programs in recent years. As a result, Chicago Valve's marketing director asked Houston's...
1) Decision theory & decision-making are the same thing. True False 2) ARROW'S THEOREM states that all voting systems are fair and equitable. True False 3) The range of possible choices in a decision problem. Alternatives Criteria Acceptance Information 4) The rating of a decision Decision Quality Value Preferences Criteria 5) Decisions are sometimes made in context with other decisions. True False 6) Which is an example of a DECISION WHETHER I would really like to recruit a new programmer...
The following ERD and two tables represent a partial model similar to what we used in class. Answer all questions by writing SQL syntax to solve each. If a question requires more time, please move on to the next. Employee EmpNo (PK) Ename Job ManagerID HireDate Salary Commission DeptNo (FK) Department DeptNo Dname Location 10 ACCOUNTING NEW YORK 20 RESEARCH DALLAS 30 SALES CHICAGO 40 OPERATIONS BOSTON Department DeptNo (PK) Dname Location 1400 Employee Monthly EmpNo Ename Job ManagerID HireDate...
Answer True or False: 1. Classification criteria for economic system include decision-making systems, mechanisms for information and coordination, incentive structures, property rights, and mechanisms for public choices. 2. All economic systems can be classified as market capitalism or centrally planned socialism. 3. Generally speaking, transition economies emerging from the former Soviet Union have done least well with transition, while those of Central and Eastern Europe have done the best. 4. Capitalism relies primarily on material incentives, while planned socialism and...
Using SQL, carry out the various DML and DDL functions on the tables mentioned below: 1. Insert the data given above in both employee, department and project tables. 2. Display all the employees’ information. 3. Display Employee name along with his SSN and Supervisor SSN. 4. Display the employee names whose bdate is ’29-MAR-1959’. 5. Display salary of the employees without duplications. 6. Display the MgrSSN, MgrStartDate of the manager of ‘Finance’ department. 7. Modify the department number of an...
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The
MBA Decision
Case Information #1 #2 #3 #4 Timeline for Growing Annuity THE MBA DECISION Lexy Halliday graduated four years ago with degrees in accounting and finance. She has been employed in the finance department at Thorvaldsen Conglomerated (TC) since graduation. She is satisfied with her current job, but is considering an MBA degree to increase her skills and her advancement prospects. She has examined a number of MBA schools. She has narrowed her choices to...