A finished BU 407 Unit 1 payoff table write-up: four alternatives against three market states, scored under several criteria, with the chosen criterion defended. Searches like "bu 407 unit 1 assignment example", "bu407 unit 1 sample" and "bu 407 unit 1 example" land here.
What a finished BU 407 Unit 1 payoff table write-up looks like
The finished write-up is built around one table and several short readings of it. A framing paragraph states the decision, the alternatives available and the states of nature that could occur, with the source of each contribution figure named as part of the composite case. The payoff table follows, alternatives down the side and states across the top, every cell carrying a currency amount and a note on how it was derived. Beneath the table sit separate passages for the optimistic criterion, the conservative criterion and minimax regret, each with its own regret table where one is needed. Probabilities appear only in the section that uses them. The closing paragraph names the criterion the writer would defend to a manager and says what kind of decision maker that choice implies.
How a BU 407 Unit 1 example is structured
Alternatives and states are fixed before a single cell is filled, because a table built while the arithmetic is running tends to acquire whichever state makes the writer's preferred option look good. Every payoff is traced to the case data as it is entered, so a reader can tell a figure that was given from one the writer computed. The criteria then run in a deliberate order: the optimistic reading first, the conservative one second and regret last, since regret is the only one requiring a second table and reads more clearly once the raw payoffs are familiar. Each criterion reports its own winner even where the winners disagree, and the disagreement is kept rather than resolved early. Defense of one criterion closes the document, because a write-up announcing its answer at the top has no reason to show the other three.
Alternatives and states fixed first
The full set of options and outcomes is written down before any cell is filled, so the table cannot be shaped around a preferred answer.
Each payoff traced to the case
Cells carry a short note on where the amount came from, which separates figures the scenario supplied from figures the writer worked out.
Criteria run in a set order
Optimistic, conservative and regret readings follow one another in fixed sequence, since regret needs its own table and lands better after the payoffs are familiar.
Disagreement between criteria left standing
Where three criteria name three different winners the write-up reports that plainly, because the spread between them is what the assignment examines.
One criterion defended at the close
The final passage commits to a single criterion and says what attitude toward risk a manager adopting it would be showing.
Market states built for the assignment
A line records that the demand states, the cost figures and the firm itself were assembled for this example and describe no real company.
Where marks go in BU 407 Unit 1
Write-ups drop points where the table is right and the reasoning is absent. Three criteria applied with no statement of what each one assumes about a decision maker leave the analysis criterion unread, since the arithmetic here is the easy half. Regret tables computed from the wrong reference, subtracting within rows instead of taking the best payoff in each column, produce a plausible looking grid that answers nothing. Cells left unsourced make it impossible to tell a given figure from an invented one. Probabilities smuggled into a criterion that does not use them turn an uncertainty problem into a risk problem without saying so. A single recommendation stated with no mention of the criteria that disagreed hides the work. Cost data carried in from an employer's system cannot appear here at all.
Get a BU 407 Unit 1 example written to your instructions
Forward the Unit 1 instructions and the rubric your BU 407 classroom posts, plus the scenario if one is attached. We build a custom example that fixes alternatives and states first, sources every payoff, runs each criterion separately and defends one at the close. First custom sample free, back in 24 to 48 hours.
BU 407 Unit 1 questions, answered
Do I need probabilities for this assignment?
Only where the instructions supply them. A decision under uncertainty is defined by their absence, and that is what makes maximax, maximin and regret the available tools. If your unit gives likelihoods for each state, the work shifts to expected value and the criteria above become a comparison rather than the answer. Read the prompt closely, because sections split on this.
How many alternatives should the table hold?
Enough that the criteria can actually disagree, which usually means three or four. Two options often produce the same winner under every rule and leave nothing to discuss. Where the instructions name a count, meet it exactly. Where they do not, add an option that looks weak on one criterion and strong on another, since that is the row the analysis will earn its marks on.
Can I use figures from my own workplace?
Costs, margins and volumes held in an employer's system are the employer's, and a coursework table is not the place for them. Build the case instead: choose amounts that behave the way your industry behaves, say in a line that the firm is composite, and keep the ratios sensible. Graders in many sections care that the arithmetic is traceable rather than that the numbers are real.