3/8/ XXXXXXXXXXWeighted Ranking Extra-credit Exercise https://psu.instructure.com/courses/2043139/assignments/ XXXXXXXXXX/1 8.5 Weighted Ranking Extra-credit Exercise Due Sunday by 11:59pm Points 0...

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3/8/2020 8.5 Weighted Ranking Extra-credit Exercise https://psu.instructure.com/courses/2043139/assignments/11405605 1/1 8.5 Weighted Ranking Extra-credit Exercise Due Sunday by 11:59pm Points 0 Submitting a text entry box or a file upload Submit Assignment This is worth 10 extra credit points. Weighted Ranking Exercise Step 1 Review the document describing the Weighted Ranking method. Step 2 Use Weighted Ranking to rank order the following based on preference. The problem is as follows – you are looking for a summer internship. 1. Identify a list of 5 possible places/opportunities for the summer. 2. Assume you were offered a position at each of these companies for the summer. Identify a set of at least 4, but no more than 7 value criteria, used to choose among these opportunities. [note the polarity of these criteria is POSITIVE] 3. Apply weighted ranking to evaluate each opportunity in light of the criteria you identified. 4. Provide a rank order of the opportunities based on overall “value.” Step 3 Use Weighted Ranking to rank order the following based on disutility. The problem is as follows – you are evaluating outcomes following a malware attack against your personal computer. 1. Consider C, I, and A. Develop a MECE set of outcomes. (hint: there should be eight) 2. Assume the malware attack happened. Identify a set of at least 4, but no more than 7 value criteria, used to choose evaluate the severity of these outcomes. [note the polarity of these criteria is NEGATIVE] 3. Apply weighted ranking to evaluate each outcome in light of the criteria you identified. 4. Provide a rank order of the opportunities based on overall “disutility” [lowest value on top, or ordered from least to most undesirable] https://psu.instructure.com/courses/2043139/files/105770564/preview
Answered Same DayMar 08, 2021

Answer To: 3/8/ XXXXXXXXXXWeighted Ranking Extra-credit Exercise...

Rajeswari answered on Mar 09 2021
156 Votes
Ranking
In summer we got 5 opportunities (say)
Let us list out the criteria for selecting any one
of these
1. Distance .. IV -- 4
2. Transportation … III -- 3
3. Cost for travel … V -- 5
4. Decent accommodation .. II -- 2
5. Safety … I – 1
Let us select all of these
Total is 15
Now divide each rank by 15 to get probability or weight
    Distance
    4
    0.266667
    0.27
    Transport
    3
    0.2
    0.2
    cost
    5
    0.333333
    0.33
    Accommo
    2
    0.133333
    0.13
    Safety
    1
    0.066667
    0.07
    
    
    
    
    
    15
    1
    1
Let us assume pairwise ranking give the following results
    
    Distance 0.27
    Transport 0.20
    cost 0.33
    Accommo 0.13
    Safety 0.07
    Place I
    I
    IV
    II
    III
    V
    Place II
    III
    II
    V
    I
    IV
    Place III
    III
    V
    IV
    II
    I
    Place IV
    V
    I
    III
    IV
    II
    Place V
    IV
    III
    I
    V
    III
Let us prepare matrix with the criteria...
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