Decision Analysis

Final (Individual)

BACKGROUND

A multinational clothing company is considering sponsoring a national sports team in the forthcoming Tokyo Olympics.

INSTRUCTIONS

Use a SMART to show how it could help them decide on where to locate their temporary headquarters during the Games.

Use a Decision Matrix so show how it could help them choose which national team to sponsor

Use a Decision Tree to show how it could improve on the Decision Matrix in helping them choose a national team to sponsor

Use a Sensitivity Analysis to show how it could help analyse the risk of the choice made by the Decision Tree.

Along with each of the frameworks with the appropriate calculations, provide a question by question explanation of the steps taken and the conclusion reached.

Formalities:

·  Wordcount: 1500-2000

·  Cover, Table of Contents, Conclusion

·  Font: Arial 12,5 pts.

·  Text alignment: Justified.

Weight: Midterm 40% / Final 60%

The Midterm assesses the following learning outcomes:

·  Outcome 1: Understand the context to decision making

·  Outcome 2: Understand the constraints on decision making

·  Outcome 3: Align decisions with organizational goals

·  Outcome 4: Apply a qualitative decision making approach

The Final assesses the following learning outcomes:

·  Outcome 1: Understand the the use of frameworks to support decision making

·  Outcome 2: Be able to apply these frameworks correctly

·  Outcome 3: Be able to use qualitative and quantitative information to take appropriate decisions