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Quantitative Methods Case Study

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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


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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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Case Study :
   INR 200 = USD ($)

Structured Assignment:
   INR 150 = USD ($)

Teaching Note :
   INR 400 = USD ($)
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