Assume that you are interested in purchasing a new model of a personal computer whose reliability has
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Assume that you are interested in purchasing a new model of a personal computer whose reliability has not yet been perfectly established. Measure reliability in terms of the number of days in the shop over the first three years that you own the machine. (Does this definition of reliability pass the clarity test?) Now assess your utility function for computer reliability over the range from 0 days (best) to50 days (worst). Use the assessment technique with which you feel most comfortable, and use computer assessment aids if they are available.
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Related Book For
Making Hard Decisions with decision tools
ISBN: 978-0538797573
3rd edition
Authors: Robert Clemen, Terence Reilly
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