Alternative Classification

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Presentation transcript:

Alternative Classification Two Types: Mutually Exclusive Only one can be selected Are compared against each other Independent More than one can be selected Are compared only against do-nothing

Alternatives Example Solution: For the alternatives shown below, which should be selected if they are (a) Mutually exclusive, and (b) Independent Project ID Present Worth A $30,000 B $12,500 C -$4,000 D $2,000 Solution: (a) Select project A (b) Select projects A, B, & D