A clothing chain is considering two different locations for a new retail outlet.The organization has identified the four factors listed in the following table as the basis for evaluation,and has assigned weights as shown on the right side of this table.The manager has rated each location on each factor,on a 100-point basis (higher scores are better),as shown in the right-hand table.
a.Calculate the composite score for each alternative location.
b.Which site should be chosen?
c.Are you concerned about the sensitivity and subjectivity of this solution? Comment.
Definitions:
Externalities
Economic side effects or consequences that affect uninvolved third parties; can be either positive or negative.
Groschens
A historic European coin of small denomination, particularly used in Austria and Germany.
Air Pollution
The presence in or introduction into the air of a substance which has harmful or poisonous effects.
Nash Equilibrium
A concept in game theory where each player's strategy is optimal, given the strategies of all other players, leading to a situation where no player can benefit by unilaterally changing their strategy.
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