A Couple, Both Recently Graduated Engineers, Are Deciding on Some

question 2

Essay

A couple, both recently graduated engineers, are deciding on some details for their honeymoon. They have looked at a "honeymoon suite review" for their hotel of interest on the internet and have developed a matrix of outcomes that is presented in the table below. They decide to use the satisficing, nondimensional scaling, and additive weighting methods to help make their decision. Assume the nondimensional values given to the ratings were excellent = 1.0, good = 0.8, fair = 0.5, and poor = 0.1. What can they conclude? $\begin{array}{l|l|l|l|l|l}\hline\text { Attributes}&\text { Weight}&\text { Alternative I}&\text { Alternative II }&\text { Alternative III}&\text { Acceptable Ra}\\\hline \text { st per night } & 0.21 & \$ 29,000 & \$ 27,000 & \$ 26,000 &\begin{array}{llcc}\$ 26,000- \\\$ 30,0\end{array} \\\hline \text { tel condition } & 0.20 & \text { Good } & \text { Good } & \text { Excellent }&\begin{array}{llcc} \text {Good- } \\ \text {Excelle }\end{array} \\\hline \text { tel service } & 0.33 & 89 & 91 & 97 &92-100 \\\hline \text { om } \\\text { cleanliness } & 0.16 & 96 & 98 & 99& 96-100 \\\hline \text { om comfort } & 0.28 & 90 & 95 & 100 &95-100 \\\hline\end{array}$

Understand how to calculate and interpret labor rate variances.

Gain knowledge on standard hours allowed for the actual output calculation and its significance.

Gain insights into variable and fixed cost behavior and its impact on managerial decision-making.

Understand the significance of favorable (F) and unfavorable (U) variances in cost management.

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Definitions:

Source

The origin of something or the place where something comes from.

Sun Rises

The daily event where the sun appears or becomes visible on the horizon in the morning, signifying the beginning of the day.

White Wolf

A publishing company known for its role-playing games, books, and digital media, often with fantasy and supernatural themes.

Guardian Animal

An animal, real or mythical, believed to protect or watch over individuals, groups, or places.