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
A $
B $
C $
D $
E $
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