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Quantitative Methods Case Study
Case Title:Mining for Precious Metals
Publication Month and Year : July 2009
Authors: Dr. Sunil Bharadwaj
Industry: Not Applicable
Region: India
Case Code: QM0019
Teaching Note: Available
Structured Assignment: Not Available
Abstract:
The case study helps to understand the concept of Decision Tree Analysis. National Mineral Corporation (NMC), a leading metal exploration company, which finds out sites where potential sources of metals are present. Before starting actual explorations, the company buys a small area of land for their trials. An officer at National Mineral Corporation (NMC) has to decide whether he should opt for a 3-day test exploration or not.
Pedagogical Objectives:
- To discuss how Decision Tree Analysis can be used in practical implications.
Keywords : Quantitative Methods; Decision Science; Analysis; Statistics; Decision Dilemma; Decision Trees; Expected Monetary Value (EMV); MBA Course Case Mapping; Business Statistics; Quantitative Methods; Course Case Mapping
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