Question: please answer C. Alternatives Possible Future Payoff Low demand {0.3) Moderate demand (0.4} High demand (0.3) Small facility Moderate facility $8 $8 $8 4 10

please answer C.

Alternatives Possible Future Payoff Low demand {0.3) Moderate demand (0.4} High demand (0.3) Small facility Moderate facility $8 $8 $8 4 10 10 Large facility (2) 6 16 a. From the information in the above payoff table, determine the minimum Expected Opportunity Loss (EOL). b. Based on your solution in (@) above, what is the Expected Value of Perfect Information (EVPI)? c. Determine EVPI by using the following formula: EVPI - EV with perfect information -EMV Where EV denotes Expected Value and EMV demotes Expected Monitory Value Note: In (c), show how you obtain the value for EV with perfect information and the value for EMV 2

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