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efficient solution meaning it is not dominated. I am looking for another person\

ID: 377335 • Letter: E

Question

efficient solution meaning it is not dominated. I am looking for another person's opinion on this. the last person to answer (AND YOU KNOW WHO YOU ARE) please do not respond or I will report. I pay for this as do other students.

4. Rebecca will graduate from Krannert with a major in accounting next semester and has obtained five job offers. The related information is shown in the table below. Rebecca is considering her job offers to make a decision. She would like a high salary, lots of vacation, and a high percentage bonus. Her family is important to her so she would like to be close to them. SALARY IDAYYEARI VACATION | BONUS |DISTANCE TO FAMILY (MILES OFFER 40000 45000 45000 50000 50000 15 10 12 10 50 50 100 100 Find the Efficient Solutions.

Explanation / Answer

Proritizing each under a scale of 10

Method used:

Initially, priority number was given to all the conditions.

Now under the conditions, all the values were scaled to 10.

For example: Salary; 10 was given to 50000, scale for 40000 is (10*40000/50000)

Weightage for each of these conditions were multiplied.

For example: weightage of salary multiplied by the scaled value of salaries.

Now horizontally, the weighted values were multiplied for each offer to obtain the best offer.

THE BEST OFFER IS OFFER A.

Offers Salary Rate in a 10 scale Weighted rate Vacation Rate in a 10 scale Weighted rate Bonus % Rate in a 10 scale Weighted rate Distance to family Rate in a 10 scale Weighted rate Product of all the rates A 40000 8 3.2 15 10 3 8 10 2 0 10 1 19.2 B 45000 9 3.6 10 6.666667 2 8 10 2 50 5 0.5 7.2 C 45000 9 3.6 12 8 2.4 5 6.25 1.25 50 5 0.5 5.4 D 50000 10 4 10 6.666667 2 8 10 2 100 1 0.1 1.6 E 50000 10 4 9 6 1.8 7 8.75 1.75 100 1 0.1 1.26

Proritizing each under a scale of 10

0.4 Salary 4 0.3 Vacation 3 0.2 Bonus 2 0.1 distance to family 1