The Studebaker Company is evaluating two proposals for a commercial software package.Three relevant factors were identified and weighted.Then the evaluation team assigned raw scores from 1 to 5 to each factor for each vendor.Proposal One will cost $70,000 and Proposal Two will cost $65,000.
Determine a composite score and a performance/cost index for both proposals.Which proposal is the more economically feasible choice?
Definitions:
Introspection
The examination of one's own thoughts and feelings, a method often used in psychology.
Blindsight
A phenomenon where individuals with visual cortex damage demonstrate a response to visual stimuli without consciously perceiving them.
Automatization
The process of making a task, process, or operation automatic or capable of functioning independently of human control.
Conscious Awareness
The state of being aware of and able to think about one's own existence, thoughts, and surroundings.
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