Question: Read the case study Teloxy Engineering (A) on page 948 and answer the corresponding questions on the same page. Questions 1. Using the expected value,

Read the case study "Teloxy Engineering (A)" on page 948 and answer the corresponding questions on the same page.

Questions

1. Using the expected value, is it economically better to make or buy the component?

2. Strategically thinking, why might management opt for something other than the most economicalchoice?

References : Kerzner, H. (2017).Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.

https://books.google.com/books?hl=en&lr=&id=xlASDgAAQBAJ&oi=fnd&pg=PR19&dq=Kerzner,+H.+(2017).+Project+management:+a+systems+approach+to+planning,+scheduling,+and+controlling.+John+Wiley+%26+Sons.&ots=Xc2pWSW1xS&sig=O6Hc09bYzQU9kyFBW1D0SC45aWc#v=onepage&q=Kerzner%2C%20H.%20(2017).%20Project%20management%3A%20a%20systems%20approach%20to%20planning%2C%20scheduling%2C%20and%20controlling.%20John%20Wiley%20%26%20Sons.&f=false

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