Question: Possible Future Demand $8 Small Facility Medium Facility Large Facility $8 4 ) (2) $8 10 6 10 16 a) From the information in the

Possible Future Demand $8 Small Facility Medium Facility Large Facility $8 4 ) (2) $8 10 6 10 16 a) From the information in the above payoff table, determine the minimum Expected Opportunity Loss (EOL). b) Based on your solution in (a) above, what is the Expected Value of Perfect Information (EVPI)? Alternatively, in (b) above, you can also determine EVPI by using the following formula: EVPI = EV with perfect information --EMV

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