Question: You are developing radio frequency (RF) technology that will improve overnight package delivery. You ask each stakeholder to estimate the most optimistic package delivery time
You are developing radio frequency (RF) technology that will improve overnight package delivery. You ask each stakeholder to estimate the most optimistic package delivery time using the RF technology, the most pessimistic time, and the most likely time. This shows that for your next step you plan to—
a. Use a beta or triangular probability distribution
b. Conduct a sensitivity analysis
c. Structure a decision analysis as a decision tree
d. Determine the strategy for risk response
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
