Espresso Machine Purchase Decision

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Using Logical Elements to Evaluate Criteria for Purchasing an Espresso Machine

Description

This example model makes use of logical elements (AND, OR and NOT) to evaluate whether or not key criteria are met to justify the purchase of an espresso machine. Criteria used to decide whether or not to purchase an espresso machine include the following:

1) Is there already a coffee shop nearby?
2) Are the potential revenue gains due to coffee-enhanced productivity greater than the cost of an espresso machine?
3) Are there any espresso machines in stock?
4) Is there sufficient cash or credit available for the purchase?

Additional Information

Keywords

Decision analysis, Logical elements

Categories

GoldSim Features & Capabilities, Basic Function Elements

Experience Level
Beginner
Contact

GoldSim Technology Group

 

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