28. Frank Wesley, project manager for the LOGON project, is concerned about the development time for the
Question:
28. Frank Wesley, project manager for the LOGON project, is concerned about the development time for the robotic drone 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 incentive to speed up delivery of the transporter, Frank has three options:
S1: Do nothing.
S2: Promise Creative Robotics a future contract with Iron Butterfly.
S3: Threaten never to 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, 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.
Step by Step Answer:
Project Management For Engineering Business And Technology
ISBN: 9780367277345,9781000092561
6th Edition
Authors: John M. Nicholas , Herman Steyn