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The Pioneer Software Company has developed software for organizing and playing music on a computer. The software contains a number of unique features that have
The Pioneer Software Company has developed software for organizing and playing music on a computer. The software contains a number of unique features that have been patented so the companys future has looked bright.
However, it appears that a number of the patented features were copied in similar software developed by the Raider Digital Company, a huge software company with annual sales revenue in excess of $ billion. The executives of Pioneer Software are distressed that Raider Digital has stolen their ideas; they fear that Raiders marketing power is likely to enable it to capture the market and drive Pioneer out of business.
In response, Pioneer has filed a lawsuit against Raider for patent infringement. With attorney fees and other expenses, the cost of going to trial win or lose is expected to be $ million. Pioneer feels that it has a chance of winning the case, in which case it would receive $ million in damages. If Pioneer loses the case, it gets nothing. Moreover, if Pioneer loses the case, there is a chance that the judge would also order Pioneer to pay for court expenses and lawyer fees for Raider an additional $ million cost
Raider has countered by offering Pioneer $ million to settle this case out of court.
Using decision tree analysis, determine in the steps below what Pioneer Software Company should do
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