Question: ( Using the same problem ) A vendor for the local ballpark food stand is questioning whether to stock his concession with a large or

(Using the same problem) A vendor for the local ballpark food stand is questioning whether to stock his concession with a large or small inventory. He believes that it will depend upon the size of the crowd. He has developed a payoff matrix for the various alternatives (stocking decision) and states of nature (size of crowd). What is the Expected Value of Perfect Information (EVPI)?
\table[[,,PROFIT ($),],[Alternatives,Large,Average,Small],[Large Inventory,Crowd,Crowd,Crowd],[Small Inventory,$220,000,$50,000,-$2,000
 (Using the same problem) A vendor for the local ballpark food

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