Question $44$

$0\mathrm{.}4$ pts

As the production strategist of a home construction company, you observe that competitors are increasingly adopting additive manufacturing, or $3$ D printing, enabling them to more quickly develop scale models and so offer a broader selection of homes to homebuyers. You also note that the cost of $3$D printers is falling rapidly from year to year. You therefore face a dilemma: while you want your company to adopt $3$D printing quickly to compete more effectively in the market, you also want to minimize the cost of acquiring this new technology and may therefore want to delay purchasing it until its price has fallen somewhat. You can BEST resolve this issue by:

delaying the adoption of the technology until its cost is near zero.

comparing the projected opportunity costs of the two courses of action.

adopting the new technology now, since adoption of the technology will ultimately be unavoidable in any case.

taking no action, since the two initiatives will cancel each other out.