Determine the best strategy using expected monetary value

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Reference no: EM131260606

Dwayne Whitten, president of Whitten Industries, is considering whether to build a manufacturing plant in north Texas. His decision is summarized in the following table:

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a) Construct a decision tree.

b) Determine the best strategy using expected monetary value (EMV).

c) What is the expected value of perfect information (EVPI)?

Reference no: EM131260606

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