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Unformatted text preview: that is not feasible. Since you do not know when the transmission will completely fail, you rule out driving the car until the transmission goes out due to safety restraints. The next two options are feasible but now you have to identify the cost related to each option as well as the benefits. After you have priced new cars and transmissions you have to factor in the total relevant cost of each option. For example you looked at a top line SUV, do you really need all of the amenities that the top-line has to offer or can you go with the base model. This scenario is the same for the transmission, go with a top name new transmission or a cheaper re-built transmission that will do the same function without all of the bells and whistles. After going through the qualitative factors you finally decided which options best fits what you needs. Allowing yourself to make a tactical decision without know the formal tactical steps of the model....
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This note was uploaded on 03/25/2010 for the course MBAC 6605 taught by Professor Smith during the Spring '10 term at Baylor.
- Spring '10
- Decision Making