Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Value of perfect information
This relates to the amount that we would pay for an item of information such would enable us to forecast the exact conditions of the market and act accordingly.
The EVPI or expected value of perfect information is the expected outcome along with perfect information minus the expected outcome with no perfect information namely the maximum EMV
Illustration
From above table and described that the probabilities are Boom 0.6, steady state 0.3 and recession 0.1 then
When situations of the market are; boom launch product C: profit = 16
When situations of the market are; steady state launch product B: profit = 6
When situations of the market are; recession launch product B: profit = 12
The expected profit along with perfect information will be
(16 x 0.6) + (6 x 0.3) + (12 x 0.1) = 12.6
Our expected profit choosing product C is 7
The maximum price that we would pay for perfect information is 12.6 - 7 = 5.6
give me the anwsers ..
Graph of a function Help me in understanding the concept of graph of a function in linear algebra and matrices.
when is the trnscribing process of data preparation irrelevant ? a)CAPI b) mall panel c) in home interview d) all of them
If the areas of two sections of a garden are 6a + 2 and 5a, what is the difference among the areas of the two sections within terms of a? Because the question asks for the diff
Your engineering department estimated the following production function. Q = 15L 2 - 0.5L 3 a. What is the marginal product of labor function, MP L ? b. What is the aver
Inverse Tangent : Following is the definition of the inverse tangent. y = tan -1 x ⇔ tan y = x for -∏/2 ≤ y ≤ ?/2 Again, we have a limi
logrithim of function?
Evaluate the volume and surface area of a rectangular solid: Calculate the volume & surface area of a rectangular solid along with a = 3", b = 4", & c = 5". Solution:
Can anyone help with my exam. I have 8 questions to do which is due on 02-14-13
Terminology related to division : A good way to remedy this situation is to familiarise children with these concepts in concrete, contexts, to start with. For instance, if a chi
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd