Discussion Question: Decision Analysis
• Would you add a different alternative to the given decision- making alternatives? From your point of view, what other decision variables would you also take into account in this important decision- making for el Mejicano?
• Develop and draw a decision tree and an influence diagram for this decision analysis. What roles do the two diagrams play in helping to understand and communicate the framework and structure of this decision- making to the team of directors?
• Based on the information in the case, what are El Mejicano's objectives in this decision-making?
• Describe and assess the different risks associated to each alternative of the decision making and select your risk preference or tendency to choose a risky or less risky option.
The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.