UWS Technical Services Decision-Making Analysis Report, 2019/2020

This report analyzes the decision-making process at UWS Technical Services, focusing on a software development project. The report begins by discussing the value of decision analysis in an organizational context, followed by an outline of the challenges faced by UWS Technical Services, including the selection of a software platform and the assessment of associated risks. A decision tree is developed to visually represent the various decision paths and potential outcomes. Expected values are calculated using the rollback method to determine the most suitable approach for the company. The analysis considers four software solutions, each with different development costs and probabilities of success. The report recommends the most viable software option based on the analysis, discussing the strengths and limitations of the approach, providing insights into the initial probability estimates, and the deterministic and uncertainty poles in the decision-making process. The report also includes an examination of the positive and negative aspects associated with the recommended decision.