logo

Decision Technique Analysis of Catanza Technologies

   

Added on  2022-09-15

16 Pages3938 Words33 Views
Data Science and Big DataMechanical EngineeringStatistics and Probability
 | 
 | 
 | 
Decision Technique Analysis 1
Decision Technique Analysis of Catanza Technologies
Student’s Name
Professor’s Name
Course Name
Date
Decision Technique Analysis of Catanza Technologies_1

Decision Technique Analysis 2
Decision Technique Analysis of Catanza Technologies
Executive Summary
Process redesigning, facility site selection, and making-versus-buying are some of the
collective decisions that require sophisticated financial analyses that the regular, simple, and
traditional reports. Generally, the need for increased effective decision making at all faculties
within an organization is imposed through the forces of competition. Quantitative analysis for
decision-makers in all sections, including analysts in planning departments and public
organizations, manufacturing process planners, economic and financial analysts, and engineers,
is offered by the decision analysts. There is a progressive approach to modeling that entails two
distinct parties, the model-constructor (analyst) and the decision-maker when making decisions.
The analyst must be equipped with the needed set of analytical techniques since he or she is the
decision-maker in the decision making process.
Brief Overview of Key Facts
The most critical factor determining the success of implementing a decision model relies
upon the progressive model building, which is also referred to as the bootstrapping approach.
Outcomes of models tend to determine the deterministic model when making decisions as much
as in probabilistic models; the decision-maker is interested not only on the total result but also
the number of risks entailed when making decisions. Application of statistics when assessing
uncontrollable factors or events and the risk assessment of decisions by checking their
probabilities is the central concept in probabilistic modeling (Osman, 2010). Actions are based
on the expected outcomes, are the method of compiling the probabilistic models, which are also
compared to games. Using subjective statistical methods for predicting, testing, and estimating is
Decision Technique Analysis of Catanza Technologies_2

Decision Technique Analysis 3
also a center of interest, as illustrated in deterministic probabilities. Therefore, the decision
analysis procedure can be utilized below for both private and public decision making under
distinguished decision process, quality, and type of available data, as illustrated in the systematic
decision making study framework for applying the complex causes of action, conflict-ridden and
uncertain situations.
Catanza Technologies specialized in Industrial Sector Technology and was founded in
2002 at Eagle Farm. The company launched a commercial-grade robotic floor cleaner that
generated steady growth in market share and revenue in 2014 following the financial decline in
automotive manufacturing in 2008. A detailed plan has been put forward to increase the
production of the RLM19 (commercial grade robotic lawnmower) as the initial step in
developing the commercial robotic lawn management tools and equipment in January 2019.
Some of the decisions such as mowing area per day based on battery charging period and
running time per charge, ease of navigation, ease of programming, obstacle sensing and
avoidance mechanisms, anti-theft and safety, adaptability to uneven ground levels, and
Decision Technique Analysis of Catanza Technologies_3

Decision Technique Analysis 4
maximum cut heights include the considerations put forward when manufacturing the new
prototype. Therefore, the company plans to come up with the EW (Electric Wire) perimeter or
GPS. Other specifications of both products entail the EW model being connected to a wire and
has a mowing area of around 300 square meters per day while the GPS model utilizes sensors to
navigate without using a cable thereby enabling more versatility and covering of more significant
areas of up to 12000 square meters per day. A successful prototype is expected by December
2019 as accorded by the R&D, which has already estimated the cost of this production process at
$1.65 million. A further investment of $1.75 million will fast forward the production process,
thereby completing the EW prototype, according to Scott Shorten’s 75% chance completion rate.
The company shall review the process in January 2020, suppose the target is not attained,
and an unsuccessful prototype modification would require additional six months and $0.8 million
to adjust, thereby finalizing all financial problems by the end of June 2020. Moreover, a $3.3
million investment in the GPS model would hasten the production process by December 2019. A
$1.9 million cost shall be incurred towards the modification of an unsuccessful prototype
suppose the target shall not be achieved by January 2020 as much as all problems could be
overcome by December 2020. Furthermore, a six-month and twelve-month lead-time for
component sourcing and retooling for the EW and GPS solutions respectively shall be
implemented in the Chinese manufacturing facilities. Sales are estimated at $3500 and $4500 for
the EW units and $14000 and $16000 for the GPS units upon commencing of the Jan 2021 and
Jan 2022 production period s, respectively. A strategic marketing and advertising campaign
around direct to ground maintenance contractors, owners of golf courses, playing fields and
airfields, and trade shows shall also be conducted when planning a launching strategy. However,
the main threat was increased competitive products by other leading mower manufacturing
Decision Technique Analysis of Catanza Technologies_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Existing and Emerging Technologies in Knowledge and Information Management
|24
|4689
|114