O 3.3 - Problems: Decision Trees My Drive - Google Drive https://erau.instructure.com/courses/165011/assignments/3309849 3.3 Problems: Decision Trees Home Due: Sun Nov 5, 2023 11:59pm Syllabus Dashboard + +A Q All 100 Possible Points In Progress NEXT UP: Submit Assignment Scenario Decision trees can be used to determine the best possible alternatives and potential payoff for a new product or solving other management problems where uncertainty is present. Announcements Attempt 1 Account Modules Discussions Dashboard Grades Courses People 23 Groups Hunt Library Bookstore Calendar Inbox History 216 Studio Help EagleVision Zoom Your task is to build a decision tree based on the following scenario. OM, Inc., a manufacturer of widgets, is considering the possibility of producing a new super-duper widget. However, they cannot decide between using an automatic 3D printing manufacturing technique or producing the widgets by traditional methods. This new project will require OM, Inc. to either purchase a high-end 3D printer or hire and train four additional employees. The market for the new widget could be either favorable or unfavorable. Ultimately, OM, Inc. can also decide not to develop the new widget. Sales for favorable customer acceptance would be 20,000 widgets selling for $1,900 each. With Add Comment unfavorable acceptance, sales of the widgets would only be 4,000 widgets at a selling price of $1,900 each. The initial setup cost of the 3D printing system is $2,000,000; however, the hiring and training of the four new employees would cost only $400,000. In the end, manufacturing costs are $1,700 for each widget when manufacturing without 3D printing and $1,500 each when 3D printed. The probability of favorable acceptance of the new widgets is .30; the probability of unfavorable acceptance is .70. >> Before you start building your decision tree, review the How to Build a Decision Tree in Excel OM example presentation narrated by the course developer, Dr. Bob Walton. Make sure to also review the videos in 3.1 Readings, Presentations & Videos. There is also more information in your textbook on Decision trees and the use of the OM Software in Module A. K- < Previous 54F Cloudy Q Search Submit Assignment Next > + 11:19 PM 11/3/2023 00 Account Dashboard 0 Courses Groups Calendar Inbox History Studio K O 54F Cloudy W 3.3 - Problems: Decision Trees X Home Syllabus Announcements Modules Discussions Grades https://erau.instructure.com/courses/165011/assignments/3309849 3.3 - Problems: Decision Trees Due: Sun Nov 5, 2023 11:59pm People EagleVision Zoom Hunt Library Bookstore < Previous My Drive - Google Drive Attempt 1 X Dashboard In Progress NEXT UP: Submit Assignment View Rubric LGMT 420 3.3 Problems Rubric X Search Lo + Ga C 8.5 acvelopti, DI. DOD Walloni. Mane sure to also review the videos in 3. 1 ncaumgs, Fiesthilationis & viatus. Mert is diso more immormation in your textbook on Decision trees and the use of the OM Software in Module A. A 100 Possible Points Assignment Use Excel OM to build a decision tree. Make sure you carefully review the "Instructions & Example" provided in the OM plugin, and the example in your book. Submit your Excel decision tree along with a short explanation of what decision should be made by the company and how you arrived at your answer. Add Comment Save your assignment using a naming convention that includes your first and last name and the activity number (or description). Do not add punctuation or special characters. Review the Problems Rubric for detailed grading information. This activity supports Module Objective 2 and Learning Outcome 2. Submit Assignment 4) T Next > 11:19 PM 11/3/2023 x o ha +