Analysis of Product Viability Using Pre-determined Criteria
Not what you're looking for?
You are in charge of analyzing five new product ideas and have been given the information below.( 1 = worst, 10 = best). Management has decided that criteria 2 and 3 are equally important and that criteria 1 and 4 are each four times as important as criterion 2. Only two new products can be introduced, and a product can be introduced only if its score exceeds 70 percent of the maxi-mum possible total points. Which product ideas do you recommend?
Performance Criteria Product A Product B Product C Product D Product E
Compatibility with current manufacturing 8 7 3 6 9
Expected return on investment (RIO) 3 8 4 7 7
Compatibility with current workforce skills 8 5 7 6 5
Units profit margin 7 6 9 2 7
Purchase this Solution
Solution Summary
The solution analyzes five products using five criteria namely: Compatibility with current manufacturing, Expected return on investment (RIO), Compatibility with current workforce skills, and Unit profit margin. Based on the criteria a particular product was recommended.
Solution Preview
See the attached files for detailed computation.
You are in charge of analyzing five new product ideas and have been given the information below.( 1 = worst, 10 = best). Management has decided that criteria 2 and 3 are equally important and that criteria 1 and 4 are each four times as important as criterion 2. Only two new products can be introduced, and a product can be introduced only if its score exceeds 70 percent of the maxi-mum possible total points. Which product ideas do you recommend?
Performance Criteria A B C D E
1 8 7 3 6 9
2 ...
Purchase this Solution
Free BrainMass Quizzes
Operations Management
This quiz tests a student's knowledge about Operations Management
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.
Paradigms and Frameworks of Management Research
This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.
Accounting: Statement of Cash flows
This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.
Learning Lean
This quiz will help you understand the basic concepts of Lean.