Frank Wesley, project manager for the LOGON project, is concerned about the development time for the robotic
Question:
Frank Wesley, project manager for the LOGON project, is concerned about the development time for the robotic transporter. Although the subcontractor, Creative Robotics, has promised a delivery time of 6 weeks, Frank knows that the actual delivery time will be a function of the number of other projects Creative Robotics is working on. As an incentive to speed up delivery of the transporter, Frank has three options:
S1: Do nothing S2: Promise Creative Robotics a future contract with Iron Butterfl y S3: Threaten to never contract with Creative Robotics again.
He estimates the impact of these actions on delivery time would be as follows:
What strategy should Frank adopt based upon uncertainty criteria? Use criteria similar to the maximax, maximin, minimax regret, and maximum expected payoff, except note that the criteria must be adapted because here the goal is to minimize the payoff (time); this is in contrast to the usual case, which is to maximize the payoff.
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