Find EMV and recommend the course of action Find the EMV under certainty Use the EVC to find the EVPI Determine the opportunity loss table Find the course of action that minimises EOL S1 (0.3) S2(0.7) EMV A1 100 540 408 A2 150 (50) 10 A3 350 320 329
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Required:
- Find EMV and recommend the course of action
- Find the EMV under certainty
- Use the EVC to find the EVPI
- Determine the opportunity loss table
- Find the course of action that minimises EOL
|
|
S1 (0.3) |
S2(0.7) |
EMV |
|
|
A1 |
100 |
540 |
408 |
|
|
A2 |
150 |
(50) |
10 |
|
|
A3 |
350 |
320 |
329 |
|
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