a) The potential risks of a no launch scenario would be financial losses for Morton Thiokol and NASA. The rewards would be that the safety of the astronauts would be ensured and the risk of a catastrophic failure would be avoided. The stakeholders that would be affected by this decision would be Morton Thiokol and NASA managers, engineers, and the public.
b) The potential risks of a successful launch scenario would be that the O-rings could still fail and cause a catastrophic failure, leading to loss of life and financial losses for Morton Thiokol and NASA. The rewards would be that the mission would be successful, and the shuttle and its crew would reach space. The stakeholders that would be affected by this decision would be Morton Thiokol and NASA managers, engineers, astronauts, and the public.
c) The potential risks of an unsuccessful launch scenario would be loss of life, financial losses for Morton Thiokol and NASA, and damage to the reputation of both organizations. The rewards would be that the cause of the failure would be identified, and steps could be taken to prevent it from happening again. The stakeholders that would be affected by this decision would be Morton Thiokol and NASA managers, engineers, astronauts, and the public.
Based on the potential risks and rewards of each scenario, I would recommend a no launch scenario. The safety of the astronauts should always be the top priority, and the risk of a catastrophic failure is too high to justify launching the shuttle. I would recommend that Morton Thiokol and NASA work together to investigate the cause of the O-ring failures and take steps to prevent it from happening in the future. This decision would affect Morton Thiokol and NASA managers, engineers, astronauts, and the public.