Your organisation faces a complex decision about whether to replace your main piece of machinery in your factory that is broken and cannot be repaired, with an identical machine or with a brand-new technology. The existing machine does a solid job, yet the new machine might be significantly better in cost and quality of the products it produces, or it could end up being worse on either or both of these key factors. Outline a useful approach for analysing and ma king this decision.

Require about 400 words. Please do not copy and paste, be precise and answer the question. Thanks a lot.