Essay
New software has been developed, and $23 000 has been spent on its development. However, the implementation phase requires an additional $30 000. There is uncertainty about annual net revenue. Three potential scenarios with their probabilities of occurring were identified., as shown in the following table:
Assume a 10% MARR and use a decision tree to answer the following question: What is the expected PW for deciding whether or not to proceed?
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The decision tree can be constructed lik...View Answer
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