Cased Based learning {CBL} Samples of cases are given below. Though you can pick one of the following case to discuss. you are encouraged to research and choose your own case with the equivalent depth for analysis. If your own case is used, you are required to attach the complete case description in the presentation document. Sgenario #2 A machine ofa yoghurt production line that beiongs to YOGHUR'I' SA factory has broken down. Each day this machine remains out of order, it costs the company $3.200. The production engineer has two available alternative options: First alternative: he may call an expert from a local technical service provider. He will charge $20,000 to x the machine and he estimates that there is a 30% chance the machine will be ready to mction properly in 2 days. There is however a ?0% chance that the machine will be ready to function properly in 4 days' time. Second alternative: the production engineer of YOGHUR'I' SA can try to x the machine himself and it is estimated from past experience that he may succeed in doing so in 5 days with probability 50%. Nevertheless. if he fails to x the machine by the end of the fth day. he will have to decide whether to call the expert from the local technical service provider or try to x the machine himself for a second time, checking this time a different part of the mechanism. This will take 2 more days and it has 25% success probability. If his second attempt also fails. he will have no other choice but to call the expert. We may assume that the success probability of the expert's work remains the same and is not inuenced by the company's production engineer work on the machine. Required: Draw the decision tree. According to the expected oost's minimintion criterion, which is the best available strategy? ASSIGNMENT 3: Cased Based Learning (CBL) Marks Contribution: 25% of total coursework marks The learning outcome targeted is L03 Apply nancial concepts, tools and techniques for project nancial and capital budgeting. (C3) Assignment Brief The ability to make informed. timely, and effective decisions is a key competency of the project manager. This assignment is to assess students' understanding on concept and application of decision analysis techniques in project management decision making. Case-based scenario illustrates the decision environment, which involves real world situation that a project might face in a typical workplace challenges. is used for students to apply the techniques to solve the problem. Students will need to demonstrate a strong comprehension of the fundamental principles of the applied techniques to reach the solution. Form group of a maximum 5 students. Solve step-by-step and provide solution to one of the scenarios given below. Your team is required to present your answer to the case study via Google Meet for about 6 to 3 minutes during the tutorial class. Submit your presentation document to the Classroom folder aer the presentation. A. video recording will he capttn'ed during the presentation. Guidelines for Presentation - State the case or the problem at the beginning of the presentation. ' State the decision environment and the techniqueis) used to solve the problem - Develop the solution to the problem by explaining the step-bystep process in details. ' State the limitation or constraints of the case analyzed andl'or the technique{s) used. 0 Cite the references and articles used. - Ensure that a proper presentation structure that enable the presentation to move smoothly from one point to the next. - Work with your group innovatively and make your presentation as informative and interesting to the audience! 0 Release of assignment is on week 4 and presentation is to be conducted on week 8 during the nance tutorial class
