Draw an influence diagram for the following problem. Hatton’s mail order company is planning to…

Draw an influence diagram for the
following problem.

Hatton’s mail order company is planning to
install a new computer system next year. Two possible systems are being
considered:

the Gamma II and the Elite. The Gamma II
will mean that the company incur higher initial costs than the Elite, but the total
costs associated with the chosen system over its lifetime will also depend on
whether the company decides to expand the computer system at some future date
(the Gamma II system would cost less to expand). The expansion decision will be
influenced by the level of sales achieved by the
»

 Draw an influence diagram for the
following problem.

Hatton’s mail order company is planning to
install a new computer system next year. Two possible systems are being
considered:

the Gamma II and the Elite. The Gamma II
will mean that the company incur higher initial costs than the Elite, but the total
costs associated with the chosen system over its lifetime will also depend on
whether the company decides to expand the computer system at some future date
(the Gamma II system would cost less to expand). The expansion decision will be
influenced by the level of sales achieved by the company over the next 3 years,
while the level of sales will, in turn, be influenced by the size of the market
and the amount of competition which Hatton’s has to face. It is thought that the
size of the market will itself be influenced by the performance of the economy
(e.g. a continued recession would depress the market). It is also thought that
if the recession continues a number of rivals will go out of business so the
severity of competition will be less.

»

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