Decision Analysis: Evaluating Product Development Strategies Using a Decision Tree
A step-by-step application of decision tree analysis in product development strategy assessment.
Audrey Parker
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Running head: DECISION ANLYSIS 1
Decision Anlysis
Decision Tree
Your Name
Course/Number
Date
Instructor Name
Analyze the decision-making process using a decision tree for a company's product development
strategy. Evaluate the four alternatives: (1) Develop New Product Thoroughly, (2) Develop New
Product Rapidly, (3) Consolidate Existing Product by Strengthening, and (4) Consolidate
Existing Product by Reaping without Investing. Calculate the expected value for each alternative
based on given probabilities and outcomes. Identify the optimal decision with the highest payoff
and justify the choice.
Word Count Requirement: 800 to 1200 words.
Decision Anlysis
Decision Tree
Your Name
Course/Number
Date
Instructor Name
Analyze the decision-making process using a decision tree for a company's product development
strategy. Evaluate the four alternatives: (1) Develop New Product Thoroughly, (2) Develop New
Product Rapidly, (3) Consolidate Existing Product by Strengthening, and (4) Consolidate
Existing Product by Reaping without Investing. Calculate the expected value for each alternative
based on given probabilities and outcomes. Identify the optimal decision with the highest payoff
and justify the choice.
Word Count Requirement: 800 to 1200 words.
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Subject
Statistics