Describe possible sources of risk in the context of this decision problem.Describe relevant sources of uncertainty and how these may affect the decision process – is uncertainty easy to quantify?

Decision Analysis

Describe a complex business decision problem. The problem may be real or imaginary (don’t forget to
include appropriate references if you’re using a real problem).

You must provide relevant context -why is the decision important, why is the decision process taking place at this time, etc.

Define and provide a reasonably detailed description of:

the goal and scope of the decision process;

at least two feasible alternatives;

at least one measure or metric for the quality of the decision process outcome.

Describe relevant sources of uncertainty and how these may affect the decision process – is
uncertainty easy to quantify?

Describe possible sources of risk in the context of this decision problem.