Asked by Jacqueline Robertson on Apr 25, 2024
The factor weighting model is an attempt to add subjectivity to decision making when selecting among suppliers.
Factor Weighting Model
A decision-making model used to evaluate multiple alternatives based on various criteria, assigning different weights to each factor based on its importance.
Subjectivity
The influence of personal feelings, tastes, or opinions in decision-making or perception.
Suppliers
Entities that provide goods or services to another entity, typically within a supply chain or business process.
- Evaluate the role of subjectivity and objectivity in supplier selection processes.
Learning Objectives
- Evaluate the role of subjectivity and objectivity in supplier selection processes.
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