Northeastern Insurance Company is considering opening an office in the US The two cites under consideration are Philadelphia and New York. The factor ratings (higher scores are better) for the two cities aregiven in the following tableFactorCustomer convenienceBank accessibilityComputer supportRental costsLabor costsTaxesBased on the given information, the best location for Northeastern Insurance Company to open the office isWeight025.0200.200.150.100.10Philadelphia654585905000New York759080505045with a total weighted score of Enter your response rounded to two decimal places)

A decision-making criterion known as the Total Weighted Score (TWS) method is employed in many…

Answered: Northeastern Insurance Company is…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Northeastern Insurance Company is considering opening an office in the U.S. The two cities under consideration are Philadelphia and New York. The factor ratings (higher scores are better) for the two cities are given in the following table. Factor Weight Philadelphia New York Customer convenience 0.25 70 80 Bank accessibility 0.20 35 85 Computer support 0.20 90 75 Rental costs 0.15 95 55 Labor costs 0.10 85 45 Taxes 0.10 95 55 Based on the given information, the best location for Northeastern Insurance Company to open the office is with a total weighted score of (Enter your response rounded to two decimal places.) 3
Northeastern Insurance Company is considering opening an office in the U.S. The two cities under consideration are Philadelphia and New York. The factor ratings (higher scores are better) for the two cities are given in the following table. Factor Weight Philadelphia New York Customer convenience 0.25 70 80 Bank accessibility 0.20 40 90 Computer support 0.20 85 75 Rental costs 0.15 90 55 Labor costs 0.10 80 50 Таxes 0.10 90 50 Based on the given information, the best location for Northeastern Insurance Company to open the office is with a total weighted score of. (Enter your response as a whole number.)
Northeastern Insurance Company is considering opening an office in the U.S. The two cities under consideration are Philadelphia and New York. The factor ratings (higher scores are better) for the two cities are given in the following table. Factor Weight Philadelphia New York Customer convenience 0.25 70 80 Bank accessibility 0.20 40 90 Computer support 0.20 85 75 Rental costs 0.15 90 55 Labor costs 0.10 80 50 Taxes 0.10 90 50 Based on the given information, the best location for Northeastern Insurance Company to open the office is with a total weighted score of (Enter your response as a whole number.)
"Use the northwest corner method to find the starting solution, then determine the optimum solution by using (S.S) method for the following problem. S/D D1 D2 D3 ai S, 5 3 10 150 3 9 8 70 S3 S4 bj 11 10 7 80 13 6. 40 160 120 60 340\340
Subject: Enterprenuership we need to convince investors that Foodpanda will work in Karachi and should start business for this city ? use numerical numbers analysis for year 2016 & 2017
If you have a third option for the data in Problem( Your options for shipping $100,000 of machine partsfrom Baltimore to Kuala Lumpur, Malaysia, are ( I) use a shipthat will take 30 days at a cost of $3,800 or (2) truck the pa rts toLos Angeles and then ship at a total cost of $4,800. The secondoption will take only 20 days. You are paid via a Jetter of creditthe day the parts arrive. Your holding cost is estimated at 30%of the value per year.a) Which option is more economical?b) What customer issues are not included in the data presented? )and it costs only $4,000 and also takes 20 days, what is your most economical plan?
The Davis national drugstore chain prefers to operate one outlet in a town that has four major market segments. The number of potential customers in each segment, along with the coordinates are as follows: Location Market Coordinates Number of Segment x y Customers 1 5 22 2,200 2 17 20 300 3 5 3 1,400 4 10 3 3,000 Find the best location using the Center of Gravity Excel template. Round your answers to two decimal places. Cx: ____________Cy: ______________
Develop a network showing the origin nodes, destinations, arcs, cost per arc, supply, and demand. Match the correct answer to each question. Warehouse A B C D City E City F City G City H Warehouse Supply. 0.51 0.21 0.52 0.41 4000 Question 1 0.31 Question 2 0.56 0.43 0.35 0.41 0.28 City Demand 4,400 3,000 6,500 4,700 Match the correct answer to the following questions: 1. What is the supply constraint for Warehouse D? 2. What demand constraint for City H? 0.32 0.54 0.33 4000 0.54 0.34 0.52 6300 6000 [Choose ] [Choose ] > >
Due to the COVID 19 situation, a business company specially (B2C) has fallen into profit diminution. Lots of foreign buyers have cancelled their deal due to transportation restriction. Many employees have been suffering from COVID 19. In this situation, the company cannot continue their business anymore. So, they decided to shut down their business for a temporary basis. But, the CEO of the company wants to run their business on a cluster basis. As a business analyst, a) What should be your approach to resume their business?b) How can they recover their losses of previous months?c) How long do they need to recover their losses? Give a monthly basis profit chart based on your answer.
Given is a decision payoff table. Future Demand Alternatives Low Moderate High Small Facility 52 42 43 Medium Facility 50 49 49 Large Facility -15 38 51 a) The best decision under uncertainty using MAXIMIN is to select ( ) facility b) The best decision under uncertainty using LAPLACE/EQUALITY LIKELY is to select ( )facility c) If the probabilities for Future Demand when it is Low = 0.35, Moderate = 0.30, and High = 0.35, the expected monetary value (EMV) for the large facility = .d) If the probabilities for Future Demand when it is Low = 0.35, Moderate = 0.30, and High = 0.35, the best decision under risk is to select ( ) facility.
Evaluating location alternatives by comparing their composite(weighted-average) scores involvesa) factor-rating analysis.b) cost–volume analysis.c) transportation model analysis.d) linear regression analysis.e) crossover analysis.
CVS chain prefers to operate one outlet in a town that has four major market segments. The number of potential customers in each segment along with the coordinates are as follows: Market Segment Location Coordinates Number of Customers x y 1 8 13 2000 2 10 16 800 3 4 8 1600 4 12 4 3200 Find the best location using the Center of Gravity Excel template

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