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Your business is the production of umbrellas An outdoor concert is planned at Wembley Stadium in London Your company has exclusive rights to umbrella sales
- Your business is the production of umbrellas
- An outdoor concert is planned at Wembley Stadium in London
- Your company has exclusive rights to umbrella sales and will deliver many umbrellas to each event
- The weather for the concert could be sunny or rainy
- Umbrellas can be transported by air, truck, or train
- Profit is not uncertain, but is dependent on
- The arrival time of the umbrellas: early, last minute, or late
- A penalty is assessed if the umbrellas arrive after the start of the concert
- The weather more umbrellas are sold if it rains
- The arrival time of the umbrellas: early, last minute, or late
For the following questions, refer only to the model and information above. Do not reference anything that is not explicitly shown within the graphic model above.
- Of the events depicted in this graphic model, identify the uncertainties (2 pts)
- What is the objective of this business, and how is it measured? (2 pts)
- Hypothesize dependencies based on the description above. State each dependency you believe exists within the model (2 pts)
- Identify any decisions evident within the model (2 pts)
- Construct an influence diagram illustrating the uncertainties and dependencies (2 pts)
- Upgrade the diagram to a decision diagram by adding decision nodes as applicable
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