DESIGN A DECISION TREE WITH THE NEXT INFORMATION. We need to make a decision; purchase a new
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DESIGN A DECISION TREE WITH THE NEXT INFORMATION.
We need to make a decision; purchase a new software or train our engineers.
The probability of High sales are 30%, the probability of Medium sales are 50% and the probability of Low sales are 20%. The unit cost with the software is $50.00 dollars. The cost of the software is $150,000 dollars.
The training cost it´s $60 dollars per unit and the training cost it´s $250,000 dollars.
High scenario: 50,000 Units
Medium scenario 30,000 Units
Low scenario 10,000 Units
Expert Answer:
To design a decision tree we can analyze the expected costs and revenues for each option Option 1 Pu... View the full answer
Related Book For 
Project management the managerial process
ISBN: 978-0073403342
5th edition
Authors: Eric W Larson, Clifford F. Gray
Posted Date:
