The HP Case illustrates that after analytics are chosen to solve a problem, building a new decision model from scratch or purchasing one may not always be the best approach. Why is that?
A) Decision models should never be purchased, only developed in house.
B) A related tool requiring slight modification may already exist.
C) CIOs are more likely to allocate funds to new development.
D) Analytic models work better when they are built from scratch or purchased.

Question

Quizplus · Accepted Answer

Sometimes, a related tool that requires slight modification may already exist, which can save time and money compared to building a new model from scratch or purchasing one. This option should always be considered before investing resources into a new development or purchase.

The HP Case Illustrates That After Analytics Are Chosen to Solve