Which choice does the decision maker prefer?
Assume that a plant manager has to decide where to locate its warehouse The decision has been narrowed down to choices among the following three cities: Detroit, Cleveland, and St. Louis. The following pairwise comparison matrix summarizes the preferences of the plant manager.
Detroit Cleveland St. Louis
Detroit 1 1/3 1/4
Cleveland 3 1 1/2
St. Louis 4 2 1
A) Detroit
B) Cleveland
C) St. Louis
D) Cleveland and St. Louis are equally preferred.
Answer: C
You might also like to view...
______ are preferences for certain behaviors or outcomes over others.
a. Values b. Norms c. Ethics d. Beliefs
Paul subscribes to an Internet service that alerts him whenever other firms in his industry are quoted in the media. This allows him to stay on top of what these other firms are doing. Paul is using this type of marketing research primarily to
A. increase profits through the sale of syndicated data. B. help him understand the needs of his customers. C. monitor his competitors. D. decide how to price his new products. E. provide a link between him and his production center.
Regarding control charts, changing from two-sigma limits to three-sigma limits:
A) increases the probability of concluding nothing has changed, when in fact it has. B) increases the probability of searching for a cause when none exists. C) decreases the probability that the process average will change. D) decreases the probability that defects will be generated by the process.
Systematic sampling is generally similar to simple random sampling in its statistical properties.
Answer the following statement true (T) or false (F)