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? $$\begin{array} { | l | c | c | c | c | }
\hline \text { Dimension } & \text { Importance } & \text { Belsky Mfg. } & \text { Reber Ind. } & \text { Floyd Co. } \
\hline \text { Cost } & 4 & 1 & 5 & 3 \
\hline \text { Reliability } & 2 & 5 & 2 & 1 \
\hline \text { Flexibility } & 3 & 3 & 3 & 4 \
\hline
\end{array}$$
A)9
B)18
C)23
D)81

Question

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? $$\begin{array} { | l | c | c | c | c | } 
\hline \text { Dimension } & \text { Importance } & \text { Belsky Mfg. } & \text { Reber Ind. } & \text { Floyd Co. } \
\hline \text { Cost } & 4 & 1 & 5 & 3 \
\hline \text { Reliability } & 2 & 5 & 2 & 1 \
\hline \text { Flexibility } & 3 & 3 & 3 & 4 \
\hline
\end{array}$$
A)9
B)18
C)23
D)81

Quizplus · Accepted Answer

The value index for the shear made by Belsky Manufacturing is calculated by multiplying each rating by its corresponding importance and then summing these products: $$(1 \times 4) + (5 \times 2) + (3 \times 3) = 4 + 10 + 9 = 23.$$

Damron Inc A)9 B)18 C)23 D)81

Damron Inc A)9
B)18
C)23
D)81