QUESTION 28 28 What is the Expected Monetary Value (EMV) for Option 1 in the following decision table of payoffs? EMV (of Alternative i) - (Payoff x Probability of 1st State of Nature) + (Payoff x Probability of 2st State of Nature) States of Nature Alternatives Si S2 Probability 3 7 Option l 15.000 20,000 Option 2 10,000 30,000 a. 17,000 b. 15,000 c 17,500 18,500 e. 20,000 QUESTION 29 29. What is the expected value of Perfect Information of the following decision table of payoffs? EMV (of Alternative i) = (Payoff x Probability of 1st State of Nature) + (Payoff x Probability of 2st State of Nature) EVPI = Expected Value Under Certainty - Maximum EMV States of Nature Alternatives Si S2 .6 Probability Option 1 Option 2 200 300 400 300 a. 10 b.20 6.30 d. 40 e. 80 QUESTION 30 30. The following table shows the Decision Making using weighting of Objectives method for selecting a supplier among the three choices. Calculate the weighted score of the supplier C and indicate which supplier would be chosen Importance Ideal Supplier Supplier Supplier Criteria Weight Score Quality Cost Delivery Technology 20 Weighted Score 100 1000 740 Supplier C with weighted total score of