Question

An industrial producer is searching for a supplier for ball bearings. Its three most important supplier...

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 price should carry the same? weight, and that each of them are twice as important as delivery reliability. 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?

Business   Operations-Management   
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Answer #1

If :

  1. Quality and Price carry the same weight
  2. If each of them carry double the weight of delivery reliability
  3. Sum total of 3 weights are 100 ( or 1 when each weight is calculated as fraction )

Then :

Price = 0.4

Quality = 0.4

Delivery reliability = 0.2

Given are the following ratings of the supplier :

Quality rating = 40

Price rating = 90

Delivery reliability = 75

Therefore ,

Weighted total score of supplier

= 0.4 x 40 + 0.4 x 90 + 0.2 x 75

= 16 + 36 + 15

= 67

THE SUPPLIER WILL SCORE 67 AS WEIGHTED TOTAL
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