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    Assessment Requirement:
    Submit a report of 2000 words excluding cover page, content page, and references.
    Make sure that you have carefully read and fully understood the tasks before answering
    them. Complete the tasks fully but concisely and as directly as possible. Follow all
    specific instructions for individual questions.
    Answer all tasks in your own words. Do not copy any text from the notes, readings or
    other sources. The assignment must be your own work only.
    Suppose your organization is facing a problem in their legacy system that analyses organization
    social network data. You as business analyst have to decide whether to buy a new software or
    upgrade their legacy system. Some influential stakeholders believe that by upgrading this
    software your organization can save millions, while others feel that staying with the legacy
    software is the safest option, the following alternatives would be taken into consideration:
    Upgrade the legacy system: The upgrading that is proposed to be done inside the
    organization itself will cost 80,000 AED and the probability of having successful upgrade
    is 40 % with revenue of 600,000 AED, on the other hand the unsuccessful upgrade could
    lead to loss only with no benefits.
    Build new software: To build the new software, this will lead to either a successful
    deployment (with probability of 40%) or an unsuccessful one. If the deployment is
    successful then the revenue is 800,000, However, if the deployment is unsuccessful, then
    losses will materialize and the impact is 90,000, which is the cost of building a new
    software in all cases.
    Stay with the legacy software: If the company decides to stay with the legacy software,
    the associated cost is mainly maintenance and will amount to 30,000.
    You are hired as Business Analysts to investigate and analyse this situation. In your
    analysis, you are required to do the following
    1. Develop the payoff table that is associated with all possible combinations of
    alternatives actions, then decide and evaluate on the optimal solution for the
    above scenarios. In your evaluation, you should show a comprehensive knowledge
    of using the five decision models that covered during the classes.
    (CLO3/20 marks)

    2. Now consider that another company offers to sell to your organization a new
    software that meets their requirements. In order to buy this new software, the
    associated cost is AED 900,000, and will lead to revenue of AED 1 million.
    a) Develop a decision tree that shows all previous set of alternatives with
    their outcomes (full decision tree is needed), and with reference, discuss
    your approach in developing the decision tree
    (CLO1 7 marks, CLO4/23 marks)
    b) Deduce and evaluate one optimal solution as a result of the analysis that
    you have developed in part a.
    (CLO5 /10 marks)
    c) As a Business Analyst, you are asked to propose another new alternative
    of actions, design new full scenario with their
    outcomes/costs/profits/probabilities and develop a new decision tree
    that includes all previous alternatives (including alternatives proposed in
    this part). Then, deduce and evaluate one optimal solution accordingly,
    with proper justifications that demonstrate your comprehensive
    knowledge in decision analysis gained during the course, write your
    reference (if available)
    (CLO4 10 marks, CLO5/10 marks)
    3. Appraise various literature review on linear optimization approach and critically
    justify if linear optimization approach can be used to solve the above problem
    Include citation on your findings.
    (CLO2/7 marks, CLO5/13)

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