Question 1
Apply decision analysis to the decision problem facing Mexton Machines and advise the company on their outcome options. Clearly state any assumptions you have made.
Question 2
Discuss in detail the strengths and limitations of your analysis in the context of the problem faced by Mexton Machines. What other information would you need to improve your analysis?
Assessment Format:
A report addressing the 2 questions – text, illustrations, diagrams and calculations – supported by reference to the sources of information and theoretical frameworks of understanding. Refer to the Student Handbook for more information.
Assessment Criteria
• Evidence of analysis, assumptions and advice supported by reference to frameworks explained in the course
• Discussion of the strengths and limitations of analysis, and the implications
• Appropriate application of the referencing convention
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