About this document
Decision Models: EVPI and EVMI Analysis by Kirito Luna is a document available to read on EtoBox.
This document discusses decision making under risk and uncertainty. It presents a case study of an electronics company deciding whether to manufacture a new product internally or subcontract production. Tables show the expected profits under different demand states and decision alternatives. The document uses decision trees, expected value of perfect information (EVPI), and expected value of sample information (EVMI) to analyze the problem and determine if obtaining more demand information would be valuable
- Author
- Kirito Luna
- Language
- EN