15 May Instructions Vasco da Gama Industries is deciding whether to make or outsource the new batteries that will power its new Hydro Bat-Boat.
Vasco da Gama Industries is deciding whether to make or outsource the new batteries that will power its new Hydro Bat-Boat. Guy Josobo is the CEO, and he runs all the production management for the project. He has determined the following costs: Respectively the amounts are $-20,000 (lose money) low, $40,000 medium, and $100,000 high demand to produce at Vasco da Gama. To outsource the project, he has determined the following costs: $10,000 low, $45,000 medium, and $70,000 high demand.Using this information, complete the following steps:
- Develop a decision tree or decision-tree chart to solve Guy Josobo’s dilemma.
- At each decision node, select the best decision alternative for both the manufacture and outsource choices.
- Determine the state of probabilities for all the demands: low demand is .30, medium demand is .45, and high demand is .25.
- Using your decision tree and states of probabilities, calculate the cost at each outcome node, and determine the best solution.
- Show all your work for these steps.
- Describe and justify the steps in a decision tree analysis that Guy Josobo performed for Vasco da Gama Industries, and include any possible challenges he will face.
- Explain what decision Guy Josobo should make, and explain your reasoning.
Your completed assignment must be at least three pages in length, and you must use at least two academic sources. Be sure to include an introduction that provides background of the topic and the purpose of the paper. Adhere to APA Style when constructing this assignment, including in-text citations and references for all sources that are used. Please note that no abstract is needed.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteEdu. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Do you need help with this question?
Get assignment help from WriteEdu.com Paper Writing Website and forget about your problems.
WriteEdu provides custom & cheap essay writing 100% original, plagiarism free essays, assignments & dissertations.
With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Chat with us today! We are always waiting to answer all your questions.