Decision Making Techniques

A project having a PV(benefits) of 30,000 OMR, and PV cost of 30,500 OMR. Is the project acceptable based on BCR criteria?

• YES

• NO

• Not sure

Decision tree analysis is used to evaluate various alternatives for a specific problem. In terms of COST, the alternative which has the __________ will be selected.

• LOWEST

• HIGHEST

Decision tree analysis is used to evaluate various alternatives for a specific problem. The alternative which has the _______ profits will be selected.

• LOWEST

• HIGHEST

For Monte Carlo Simulation, to address the issue of LARGE sampling due to the higher cost of data for large sample, we employ ________

• Cluster sampling

• Random sampling

• Stratefied sampling

Government or Public projects can be best evaluated using this technique.

• Monte Carlo Simulation

• Benefit Cost Ratio

• Breakeven Analysis

• Decision Tree Analysis