Question: Decision Tree Example - Your Firm was been hired by General Jet, a leading manufacturer of airplanes to develop a new growth strategy. For this
Decision Tree Example - Your Firm was been hired by General Jet, a leading manufacturer of airplanes to develop a new growth strategy. For this strategy development project, you need to make a prognosis of the volume of the worldwide market for new twin aisle (wide body) airplanes in 2022 (based on internet research). Assess how many new twin aisle airplanes will be demanded in 2022 worldwide. You will need to consider what factors will drive demand, find relevant data, and make a recommendation for how many airplanes you think that General Jet should produce for 2022.
- Create a tree diagram demonstrating the factors that will drive demand for new twin-aisle airplanes in 2022 based relevant data for making this decision and at least 5 recommendations. Show totals when possible.
- Use various sources to come up with supporting data
- Identify any assumptions (e.g. I assume that air travel will return to normal in 2022 after the pandemic)
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