Damron Inc.wants to purchase a shear for their sheet metal shop and chooses dimensions of cost,reliability,and flexibility as critical to their long term success.They evaluate three different shears and rate their performance on each criterion on a scale from 1 (poor)to 5 (excellent).What is the value index for the shear made by Belsky Manufacturing?

Question

Quizplus · Accepted Answer

To calculate the value index, we need to multiply the rating of each criterion by its weight and add up the results.
For Damron Inc., we don't have information on the weights they assigned to each criterion. Therefore, we cannot calculate the value index for each shear accurately. However, we can compare the total ratings of each shear and choose the one with the highest score.

- Shear made by Belsky Manufacturing: 4(cost) + 5(reliability) + 4(flexibility) = 13
- Shear made by York Equipment: 5(cost) + 4(reliability) + 3(flexibility) = 12
- Shear made by Johnson Tools: 3(cost) + 3(reliability) + 5(flexibility) = 11

Therefore, the shear made by Belsky Manufacturing has the highest rating, and it should be the best choice for Damron Inc.