DECISION MAKING PROJECT

This project applies the methods of this course to analyze a business decision problem. Examples of appropriate business decision areas include process improvement or re-engineering, facility siting, new ventures, new products/services, acquisitions, divestments, capital expenditures, lease-buy, make-buy, technology choice, and research/development planning.The project must use the decision analysis methods that we are covering in class., the decision problem must have (1) at least three alternatives, (2) at least three evaluation measures, and (3) significant uncertainty about some important element of the decision. You must consult at least two outside expert data sources for information. These sources must include written material. While these requirements are minimums, the real requirement is that the decision problem be. That is likely to require more extensive analysis than the.There are three deliverables: 1) a written proposal, 2) an interim report, and 3) final presentation and executive summary. The deliverables are cumulative, and much of what you prepare for each assignment can be used in later assignments.Less than two double-spaced typewritten pages, excluding tables or figures, and includes:– a summary of the problem background to be analyzed,– a problem statement– a preliminary list of considerations and evaluation measures, the criteria used for the objective– a preliminary list of alternatives to be considered, and– a proposed list of resources to be utilized / consulted to assist in making your decision.The interim report contains all the information needed to complete the analysis of the decision problem except that it does not have to include the final numerical calculations and conclusions. This report provides the student with a chance to update their project.Use the following outline for the interim report:

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