If none of the strategies is more likely than any other strategy, the alternative to select is (a) 1 (b) 1 and 2 are equally acceptable (c) 2 (d) 3 Four mutually exclusive alternatives are evaluated using three estimates or strategies (pessimistic, most likely, and optimistic) for several parameter...

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If none of the strategies is more likely than any other strategy, the alternative to select is:

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If none of the strategies is more likely than any other strategy, the alternative to select is:

(a) 1

(b) 1 and 2 are equally acceptable

(d) 3

Four mutually exclusive alternatives are evaluated using three estimates or strategies (pessimistic, most likely, and optimistic) for several parameters. The resulting PW values over the LCM are determined as shown.

PW of Alternative, $ 4 Strategy Pessimistic (P) Most likely (ML) Optimistic (O) 3 4,500 -6,000 3,700 -1,900 5,000 6,000

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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Question Posted: Dec 24, 2018 04:38 AM

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If none of the strategies is more likely than any other strategy, the alternative to select is:

Question:

PW of Alternative, $ 4 Strategy Pessimistic (P) Most likely (ML) Optimistic (O) 3 4,500 -6,000 3,700 -1,900 5,000 6,000 -500 -100 2,000 10,000 3,500 9,500

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Engineering Economy

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