Question
If the project proceeds as originally planned, there is a 25% chance that the bat species will become extinct, resulting in a public relations nightmare
If the project proceeds as originally planned, there is a 25% chance that the bat species will become extinct, resulting in a public relations nightmare that would bankrupt the company and cause $1 billion in shareholder losses. If TWW spends $300 million in an attempt to relocate the bats, there is a 10% chance that the attempt will fail and the bat species will still become extinct. If TWW spends $100 million in an attempt to reduce the project to "build around" the bats, profits will decline by 30% and there is a 20% chance that the attempt will fail and the bat species will still become extinct.
Choice a: Do nothing and proceed with project as originally planned. Choice b: Maintain the project's original scope and attempt to relocate the bats. Choice c: Reduce the project's original scope and attempt to protect the bats. Choice d: Shut down the project.
-Choosing to Maintain the project's original scope and attempt to relocate the bats.
Answer below.
A brief explanation of the factors that influenced your decision to maintain the projects original scope and attempt to relocate the bats.
From a Faith perspective, how should we address the value of human and bat life?
Can traditional economic models adequately quantify these factors?
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