Product details

By continuing to use our site you consent to the use of cookies as described in our privacy policy unless you have disabled them.
You can change your cookie settings at any time but parts of our site will not function correctly without them.
Compact case
Case
-
Reference no. UVA-QA-0350
Product 430 (UVA-QA-0350) has no authors
Published by: Darden Business Publishing
Originally published in: 1986
Version: August 1993
Length: 2 pages

Abstract

Thomas Stearns must decide whether to continue with planned software development and risk missing the completion deadline on a $20 million project, or ''bite the bullet'' and make some costly hardware changes that will virtually eliminate the risk of missing the deadline. This introductory decision analysis case contains: (1) a compound (square-circle-square) decision; (2) encourages a discussion of the meaning of probability; and (3) requires the use of sensitivity analysis to handle the unspecified costs of missing the deadline. There is a Spanish version available ''UVA-QA-0350-LAS''.

About

Abstract

Thomas Stearns must decide whether to continue with planned software development and risk missing the completion deadline on a $20 million project, or ''bite the bullet'' and make some costly hardware changes that will virtually eliminate the risk of missing the deadline. This introductory decision analysis case contains: (1) a compound (square-circle-square) decision; (2) encourages a discussion of the meaning of probability; and (3) requires the use of sensitivity analysis to handle the unspecified costs of missing the deadline. There is a Spanish version available ''UVA-QA-0350-LAS''.

Related