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
(a) Find an example of groups G, H, K with K H and H G but K G. (b) A subgroup H of G is characteristic if σ(H) ⊆ H for every group automorphism σ of G. Show that eve
the operations of cyclic permutations
assinment
howmany numbers made by digit 0,1,2,3,5,7,9 but any digit isnot repeted
How do I reverse calculate taxes?
How many integers satisfy (sqrt n- sqrt 8836)^2 Solution) sqrt 8836 = 94 , let sqrt n=x the equation becomes... (x-94)^2 (x-94)^2 - 1 (x-95)(x-93) hence 93 8649 the number o
What other activities can you suggest to help a child understand the terms 'quotient' and 'remainder'? Once children understand the concept and process of division, with enough
Under this section we will be looking at the previous case for the constant coefficient and linear and homogeneous second order differential equations. In this case we need soluti
Explain Postage Stamp Problem solving tehcnique? What is Postage Stamp Problem?
GUESS THE NUMBER THAT WHEN YOU SUBTRACT 6 AND THEN SUBTRACT 0 IS-14
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