Lowest total weighted risk score

Assignment Help Operation Management
Reference no: EM131359125

Ranga Ramasesh is the operations manager for a firm that is trying to decide which one of four countries it should research for possible outsourcing providers. The first step is to select a country based on cultural risk factors, which are critical to eventual business success with the provider. Ranga has reviewed outsourcing provider directories and found that the four countries in the table below have an ample number of providers from which they can choose. To aid in the country selection step, he has enlisted the aid of a cultural expert, John Wang, who has provided ratings of the various criteria in the table below.The resulting ratings are on a 1 to 10scale, where 1 is a low risk and 10 is a high risk.Further,John Wang has determined six criteria weightings. Trust, with a weight of 0.400.40;Quality, with 0.200.20;Religious,with0.100.10;Individualism, with 0.100.10;Time, with 0.100.10;andUncertainty, with 0.100.10. Using the weighted factor-rating method, which country should Ranga select?In the following table, compute the total weighted score for each candidate (enter each response as a decimal rounded to one place). 

Selection Criterion

Weight

Mexico

Panama

Costa Rica

Peru

Trust

0.400.40

44

11

33

22

Society value of quality work

0.200.20

77

1010

99

1010

Religious attitudes

0.100.10

33

33

33

55

Individualism attitudes

0.100.10

66

55

55

66

Time orientation attitudes

0.100.10

44

66

77

33

Uncertainity avoidance attitude

0.100.10

33

22

44

22

Total Weighted Score:


nothing

nothing

nothing

nothing

Which one of the below countries have the lowest total weighted risk score and should be the choice for outsourcing.

  • Peru
  • Mexico
  • Panama
  • Costa Rica

Reference no: EM131359125

Questions Cloud

The stock consistently goes ex-dividend : JEN Corp. is expected to pay a dividend of $3.00 per year indefinitely. If the appropriate rate of return on this stock is 11 percent per year, and the stock consistently goes ex-dividend 30 days before dividend payment date, what will be the expecte..
Sophisticated and easily accessible technologies : The information age in which we live brings with it enhanced capabilities for individuals to communicate securely without expending great amounts of money, using fairly sophisticated and easily accessible technologies.
Inventory system that minimizes inventory cost : Ben would like to use an inventory system that minimizes inventory cost and will provide a 95 percent service probability.
Firm is considering two mutually exclusive-required projects : Suppose your firm is considering two mutually exclusive, required projects with the cash flows shown below. The required rate of return on projects of both of their risk class is 8 percent, and that the maximum allowable payback and discounted paybac..
Lowest total weighted risk score : Which one of the below countries have the lowest total weighted risk score and should be the choice for outsourcing.
Set up a production plan that minimizes cost : There is to be no beginning or ending inventory in stock and backorders are not permitted. Set up a production plan that minimizes cost using the transportation method
Calculate ecos current cost of preferred stock-common stock : Since its inception, Eco Plastics Company has been revolutionizing plastic and trying to do its part to save the environment. Eco's founder, Marion Cosby, developed a biodegradable plastic that her company is marketing to manufacturing companies thro..
Evaluate the business-level strategy of victory motorcycles : BUS499- Evaluate the business-level strategy of Victory Motorcycles to determine whether you believe the strategy is appropriate to offset forces in the industry. Provide specific examples to support your response.
What is the cost : Ram Roy's firm has developed the following supply, demand, cost, and inventory data. Allocate production capacity to meet demand at a minimum cost using the transportation method. What is the cost

Reviews

Write a Review

Operation Management Questions & Answers

  Behavioral science research papers-scholarly publications

Correlational coefficients are commonly used measures one encounters in behavioral science research papers and scholarly publications. Correlation coefficients...

  Think toward independent living communities

The company is a non medical in home care company. What needs could your products (in home care) provide for businesses? Think toward independent living communities as well as assisted living communities.

  You have been asked to create a project plan paper based on

you have been asked to create a project plan paper based on research and the project management skills you have

  1 define price and discuss the two roles price plays in the

1. define price and discuss the two roles price plays in the evaluation of product alternatives.2. list the three

  Question regarding the handheld computer

The Navawho Corporation has patented a new type of handheld computer that will compete with Palm Pilots, Blackberries, and Sidekicks.

  Explain methods to diagnose employee stress

Discuss methods to diagnose employee stress and the specific OD (organizational development practitioner) interventions aimed at alleviating it in the workplace.

  Calculate the point of total assumption

Calculate the Point of Total Assumption (PTA) for a FPIF contract given the flowing information:

  What challenges or barriers may happen

Many of the production employees are current employees from other divisions, and the company expects to hire some new employees.

  As the owner of boys and girls happiness a child furniture

as the owner of boys and girls happiness a child furniture manufacturing enterprise seeking a loan from a bank to

  Assignment on tracking progress on sustainability goals

Assignment On Tracking Progress on Sustainability Goals. Good intentions must be followed by actions leading to measurable outcomes. Sustainability initiatives and their outcomes are tracked through accountability systems and transparent reporting..

  Was there contract between dreamworld airlines and customers

Dreamworld Airlines (DWA) initiated a new promotion to boost its ticket sales after a decline in travel due to fear of terrorist attacks. It posted an ad on its web site offering fares as low as $25.00 round trip to major European cities. Was there a..

  Attractive to buyers vis-a-vis the brands of rival firms

Which of the following actions does not help make a company’s brand of entry-level cameras more competitive and attractive to buyers vis-à-vis the brands of rival firms?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd