Northeastern Insurance Company is considering opening an office in the U.S. The two cities under consideration arePhiladelphia and New York. The factor ratings (higher scores are better) for the two cities are given in the following table.FactorWeightPhiladelphiaNew YorkCustomer convenience0.257080Bank accessibility0.203585Computer support0.209075Rental costs0.159555Labor costs0.108545Taxes0.109555Based on the given information, the best location for Northeastern Insurance Company to open the office iswith a total weighted score of(Enter your response rounded to two decimal places.)3

Choosing the best location is one of the challenging tasks for each business. The choice of location…

Answered: ased on the given information, the best…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter9: Decision Making Under Uncertainty

Section: Chapter Questions

Problem 30P

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ased 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.)