Trying to decide between three alternatives, a company...

Trying to decide between three alternatives, a company employed a scoring model. Three criteria were chosen. Criteria A was believed to be the most important and so was given a weight of 50%. The other two were deemed to be equal to each other in importance. A relative scoring range of 0 to 10 was used. The table below shows each alternative and their scores. Which alternative should the company choose? Criteria Alternative A Alternative B Alternative C A 5 6 7 B 8 7 7 C 8 8 5 Choose alternative A Choose alternative B Choose alternative C Choose either alternative A or B Choose either alternative A or C

Transcript

00:01 Hello, students, we are going to write here trying to decide between alternatives.

00:05 A company employed a scoring model.

00:08 A company employed scoring model, three criteria was chosen.

00:13 Criteria a was believed to the most and so was given weight of 50 % the other two were deemed to be equal to each other in the importance relative scoring range of 0 to 10 was used.

00:28 The table shows below we are going to write here each alternative and their scores we are going to choose which alternative should the company choose.

00:39 So this is a, b, and c alternative.

00:41 So we are going to write here for this.

00:44 We are going to find total score for each alternative each.

01:00 Alternative we are going to write here for this and and the alternative with the highest with the highest score must be selected so now we are going to write here for this this must be so what would be the formula for total score that must be written as if i right here for this total score must be if i write here for this this must be written as so now if i write here this is 0 .5 multiplied by score in criteria criteria so let's raise this to make it more clear criteria a plus 0 .25 multiplied by score in criteria b.

02:17 So if i write here for this, this is 0 .25 multiplied by score in criteria c.

02:29 So if i write here for this, this must be written as in the first case, alternative a is, so we are going to write here in the first case, alternative a must be written as, if i write here for this, total score value is 0 .5 multiplied by score in criteria a.

03:02 So basically this is 5, 5.

03:05 5...

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