Identify the major problem regarding labor cost and competitiveness faced by the
Structure the problem by considering the following questions:
What is the nature of the problem?
How is this problem relevant to the company and the industry?
What are the objectives and approaches needed for solving the problem?
What is the available information?
What are the decision opportunities?
Diagram the objectives, approaches, and events using the modeling techniques from
chapter 1-B of the text.(Decision Analysis-An Integrated Approach- Andrew Lang
Golub) If necessary, revise the structure of your decision problem.
Create a value tree to help you evaluate the desirability of each final outcome.
Present it in Microsoft Office Word document format and name the file
M3_A3_LastName_GPIII.doc. Submit the document to the M3: Assignment 3 Dropbox
by Saturday, November 13, 2010. Follow the correct APA standards for writing the
report and citing sources.
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