DECISION ANALYSIS FINAL ASSESSMENT

Please answer the following questions:

1)Would you add a different alternative to the given decision- making alternatives? From your point of view, what other decision variables would you also take into account in this important decision- making for el Mejicano?

2)Develop and draw a decision tree and an influence diagram for this decision analysis. What roles do the two diagrams play in helping to understand and communicate the framework and structure of this decision- making to the team of directors?

3)Based on the information in the case, what are El Mejicano’s objectives in this decision-making?

4)Describe and assess the different risks associated to each alternative of the decision making and select your risk preference or tendency to choose a riskyor less risky option

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