# Building a Decision Tree

Building a Decision Tree: A decision tree can be used to determine the best possible alternatives and potential payoff for a new product or solving other management problems where uncertainty is present.

## Your task involves building a decision tree based on the following scenario.

OM, Inc., a manufacturer of widgets, is considering the possibility of producing a new super-duper widget using 3D printing. This new project will require OM, Inc. to either purchase a high-end 3D printer or hire and train four additional employees. The market for the new widget could be either favorable or unfavorable. In the end, OM, Inc., can also decide not to develop the new widget.

Struggling to find relevant content or pressed for time? – Don’t worry, we have a team of professionals to help you on
Building a Decision Tree
Get a 15% Discount on this Paper

Sales for favorable acceptance by customers would be 25,000 widgets selling for \$90 each. With unfavorable acceptance, sales of the widgets would only be 8,000 widgets at a selling price of \$90 each. The cost of the 3D printing system is \$600,000. The hiring and training of four new employees would cost only \$400,000. In the end, manufacturing costs should drop from \$60 for each widget when manufacturing without 3D printing to \$50 each when 3D printed.

The probability of favorable acceptance of the new widget is .40; the probability of unfavorable acceptance is .60.

Before you start building your decision tree, review the How to Build a Decision Tree in Excel OM

Sales for favorable acceptance by customers would be 25,000 widgets selling for \$90 each. With unfavorable acceptance, sales of the widgets would only be 8,000 widgets at a selling price of \$90 each. The cost of the 3D printing system is \$600,000. The hiring and training of four new employees would cost only \$400,000. In the end, manufacturing costs should drop from \$60 for each widget when manufacturing without 3D printing to \$50 each when 3D printed.

The probability of favorable acceptance of the new widget is .40; the probability of unfavorable acceptance is .60.

Before you start building your decision tree, review the How to Build a Decision Tree in Excel OM

Calculate the price
Pages (550 words)
\$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
s
Get personalized services with MyCoursebay
One writer for all your papers
You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments
Same paper from different writers
Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers
Copy of sources used
Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order
What our partners say about us
We appreciate every review and are always looking for ways to grow. See what other students think about our do my paper service.
Human Resources Management (HRM)
Customer 452701, March 6th, 2023
nursing
Thank you!
Customer 452707, April 2nd, 2022
Nursing
Thank you MyCoursebay team for your support. With your help I got an A for my past courses
Customer 452635, May 7th, 2022
Social Work and Human Services
Great Work!
Customer 452587, August 31st, 2021
Nurse
Great work! Thank you for the quality you put in each assignment.
Customer 452707, February 4th, 2022
Other
GREAT
Customer 452813, July 3rd, 2022
Nursing
Perfectly done! Thanks again.
Customer 452707, July 18th, 2022
Nursing
Everything was done perfectly. Thank you.
Customer 452707, June 15th, 2022
Social Work and Human Services
Great Work!
Customer 452587, October 13th, 2021
GREAT
Customer 452813, June 30th, 2022
Psychology
Good mastery of ABA concepts. Excellent!
Customer 452469, May 14th, 2022
Criminal Justice
Excellent Work!!!
Customer 452587, March 10th, 2022