A. Monte Carlo simulation may be used to generate expected results from a variety of variables. By setting up various models and running them multiple times, a company can determine an expected value or expected result. This would not be the best method for High Tech to use to project the cost of manufacturing the proposed new customized product.
B. Expected value analysis is used when there are specific outcomes and the probability of those outcomes occurring is known. This would not be the best method for High Tech to use to project the cost of manufacturing the proposed new customized product.
C. Learning curve analysis is interested in the impact of experience on production: for example, the more units that are produced the more quickly each unit is able to be produced. Since this is the situation in this question, learning curve analysis may be used.
D. Regression analysis is used to address the behavior in a dependent variable as an independent variable changes. This would not be the best method for High Tech to use to project the cost of manufacturing the proposed new customized product.
