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Price technologies-production activities

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Price Technologies, a California-based high-tech company, is considering outsourcing some of its production activities. Three companies have responded to its request for bids. CEO Willard Price decided to perform factor-rating analysis using the numbers his OM team came up with. The rating scale is from 1 to 5, with 5 being the most satisfactory. Criterion Weight Supplier 1 (Rating) Supplier 2 (Rating) Supplier 3 (Rating) Labor 0.3 4 4 5 Logistics system 0.1 3 4 3 Price 0.4 4 3 3 Management 0.2 5 4 3 Which supplier should Mr. Price choose? Please provide the overall ratings of each supplier for full credit. For each overall rating, please provide at least one step of calculation.

Reference no: EM132091481

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