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GK2895 Analytical Thinking And Decision Making

tag 0 Download 3 Pages / 621 Words tag 03-09-2020

Question:

1.Discuss the value of decision analysis within the context of an organisation
2.Outline the challenges facing UWS Technical Services and discuss any assumptions you have made
3.Apply decision analysis and develop an appropriate decision tree
4.Calculating the expected values and following the rollback method, outline the most suitable approach for UWS Technical Services. Discuss your recommendations for the managers of UWS Technical Services
5.Discuss the strengths and limitations of your analysis in the context of the decision problem
6.Discuss the influence of the UWS Technical Services engineers changing their initial probability estimates. Discuss the influence of probability estimates and uncertainty within the decision making process.
 
 
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