An industrial producer is searching for a supplier for ball bearings.Its three most important supplier criteria are price,quality,and delivery reliability.The firm has decided that quality and delivery reliability should carry the same weight,and that each of them are twice as important as price.If the weights sum to 100%,what would a supplier with ratings of 40,90,and 75 in the three respective categories score as a weighted total?

Question

Quizplus · Accepted Answer

The weights for quality and delivery reliability are each 40% (since they are twice as important as price), and the weight for price is 20%. The weighted score is calculated as follows: (40 * 0.2) + (90 * 0.4) + (75 * 0.4) = 8 + 36 + 30 = 74.

An Industrial Producer Is Searching for a Supplier for Ball