Question: Given the decision tree below for a two - stage ( decision ) project to enter a joint venture, find the best alternatives ( among
Given the decision tree below for a twostage decision project to enter a joint venture, find the
best alternatives among aa in the figure and their expected values. The outcomes shown
are revenues and the investment expenses are in parentheses. Node represents the situation
where alternative a was chosen, and then the top outcome with a probability occurred;
note that there is no choice of alternative if the probability outcome occurred. Similarly
with Node
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